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

To: robert b furman who wrote (3563)	4/7/2005 10:51:00 AM
From: Proud_Infidel	Respond to of 3813

No, it is owned by a guy who works in Toronto....there was an article on SI about him I forget where though. Brian Edit: Found it: siliconinvestor.com

To: robert b furman who wrote (3563)	4/19/2005 3:34:48 PM
From: Proud_Infidel	Respond to of 3813

Novellus' Fundamentals Likely To Deteriorate Further 04.19.05, 3:25 PM ET Goldman Sachs reiterated an "in-line" rating on Novellus (nasdaq: NVLS - news - people ), saying gross margins in the first quarter were disappointing and that the company's fundamentals are likely to deteriorate further. Novellus reported gross margins of 45.3% for the quarter, significantly below Goldman's estimate of 47.0%, and down sequentially from 49.9%. "We believe that lower margins are being driven by aggressive pricing across the semi equipment industry," Goldman said. Novellus has indicated that it sees predatory pricing behavior from competitors, and that cost-conscious customers are adding more pressure to prices. For the second quarter, Goldman expects Novellus' orders to be down about 5% sequentially due to slower investment by DRAM customers through 2005. The research firm reduced its already-below-consensus 2005 and 2006 earnings-per-share estimates on Novellus to 73 cents and 55 cents, respectively, from 75 cents and 65 cents. "We believe that Novellus remains very expensive, particularly for a stock in an industry that has grown at a 1% compound annual growth rate over the past two cycles," Goldman said.