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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (22860)	4/19/2005 7:51:15 AM
From: sixty2nds	Read Replies (1) \| Respond to of 95617

BWAC, a little light for you....06:31 NVLS Novellus upgraded to Mkt Perform at Piper Jaffray; tgt raised to $30 (24.30 ) Piper Jaffray upgrades NVLS to Mkt Perform from Underperform and raises their tgt to $30 from $24, following Q1 report. Firm believes mgmt has made progress in revamping products, mgmt, and operations. These changes will not translate into outperformance overnight, but they have enough confidence that the co can at least mkt perform if not outperform in 2006. FWIW DEPT...I stuck a toe in STTS midafternoon. Also bought some RNWK. I have a tendancy to be a little early. I am ruthless about the stops. Later, S

To: BWAC who wrote (22860)	4/19/2005 9:25:53 AM
From: auriculatus	Read Replies (1) \| Respond to of 95617

Well, NVLS trough valuation in the fall of 2002 was 1.8 times book. It is now trading at the same level while having bookings that are above 300 million a quarter. I am at a complete loss. The stock should trade in the high 30s if it were valued like KLAC and AMAT. B2B lower month after month and NVLS gives flat guidance and gets punished. Unless there is something wrong with their technology, their product mix or performance, I do not understand it anymore. Is there a fundamental problem with the equipment? Anybody?