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Technology Stocks : Novellus -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (3529)	11/30/2004 10:29:07 PM
From: Kirk ©	Read Replies (2) \| Respond to of 3813

Today we got: "The San Jose, California-based company said it expected revenue of $325 million to $330 million and earnings of 24 cents to 26 cents a share. New orders, an indicator of future revenue, are expected to reach $325 million to $330 million. In October, Novellus targeted orders of $320 million to $330 million, revenue of $300 million to $330 million, and earnings of 19 cents to 26 cents a share." OK, that is today. In this report Message 20637392 they said they shipped $382.2M last Q so this means they are still seeing a serious decline in orders, but not nearly as bad as they said it could be. ($382-$325)/$382 is "only" 15% which is quite a bit better than ($382-$300)/$382 or 21% It is great news that after about 6 or 7 weeks into the quarter they project the high end of the original guidance. If things continue to improve, then they could do even better! After Hours has NVLS at 27.55 Up 0.61 (2.26%) which gains back 2/3rds fo what they lost today. finance.yahoo.com

To: Proud_Infidel who wrote (3529)	12/1/2004 9:55:00 AM
From: robert b furman	Respond to of 3813

Hi Brian, Amazing what 5-10 million in guidance can do. I suspect this gradual improvement will appear in those companies that have made productive R&D expenditure.If these new products gain market share - the stock price will go up - even in a low growth (industry wide) era. With expectations beaten down so universally for the last almost year - the pops from actual growth and exceeding lowered expectations will be most rewarding. Needless to say to take advantage of a gap up in stock price one must already be in it and almost intuitive - or in my case long term buy and hold positional. Lets let the good news roll and we'll slowly build wealth. I'm just fine with being patient. Bob Thanks for the goods news.