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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: yousef hashmi who wrote (14846)	1/19/1998 10:26:00 AM
From: William Griffin	Read Replies (2) \| Respond to of 70976

Novellus Systems 4Q Net 64c A Diluted Share Vs 51c Novellus Systems Inc. - San Jose, Calif. 4th Quar Dec. 31: 1997 1996 Sales $162,830,000 $104,607,000 Net income 22,390,000 16,878,000 Avg shrs (basic) 33,700,000 32,378,000 Avg shrs (diluted) 34,984,000 33,180,000 Shr earns (basic) Net income .66 .52 Shr earns (diluted) Net income .64 .51 - 'Basic' earnings per share is calculated by dividing net earnings applicable to common shares by common shares outstanding. This replaces 'primary' earnings per share, which included common stock equivalents in the calculation. The year ago per share amounts are restated to reflect the current presentation. ** - 'Diluted' earnings per share includes options, warrants and convertible securities in the calculation.o pt Year Dec. 31: 1997 1996 Sales $534,004,000 $461,736,000 Net income (95,658,000) 94,029,000 Avg shrs (basic) 33,257,000 32,156,000 Avg shrs (diluted) 33,257,000 33,018,000 Shr earns (basic) Net income (2.88) 2.92 Shr earns (diluted) Net income (2.88) 2.85 Figures in parentheses are losses. All figures for fourth quarter and year are adjusted for a 2-for-1 stock split paid Oct. 13, 1997. Novellus Systems Inc. (NVLS) took a pretax charge of $133.5 million in 1997 for the acquisition of Varian Associates Inc.'s PVD division; charges of $17.7 million to write off amount due from Submicron Technology Inc. and $84 million in charges for the settlement of the TEOS patent litigation. Excluding the charges, the company had net income of $75.3 million, or $2.17 a share. Novellus said backlog on Dec. 31, 1997, rose 43% to $224 million, from $156.4 million a year earlier. Novellus makes, markets and services automated wafer fabrication systems for the deposition of thin films. Powered by Quote Agentr and News Agentr from Gari Software/IDD Information Services