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

To: Todd D. Wiener who wrote (1352)1/28/1998 12:48:00 PM
From: Proud_Infidel  Read Replies (1) | Respond to of 3813
 
While I agree that this sector should see bottom sometime soon(if it hasn't already occurred) I think this sector could benefit from AMAT meeting/beating their estimates and reiterating their eps guidance going forward. Right now, First Call eps mean for AMAT is $1.96 while AMAT guidance is $2.08-$2.15. Clearly the street does not believe AMAT will meet these #'s since, at a price of 32, this yields a p/e of ~ 14 for this year(using AMAT's #'s) while the DJIA are trading at historic levels, yet growing at 1/3 the rate of AMAT. It's all in the call on the 10th(or is it the 11th??)

Regards,

Brian



To: Todd D. Wiener who wrote (1352)1/29/1998 5:32:00 PM
From: Doug  Respond to of 3813
 
The bottom for NVLS could be just after the next Q1 earnings announcement. It is likely that due to the ASEAN problems, we will see some or all of the following:

a: Increased Inventory
b: Increased Write Offs to cover the deadbeat Customers.
c: Lower book/Bill.

The trading pattern is presently quite negative. It may be prudent to be on the sidelines till it comes up against some solid resistance.


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