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

To: Q. who wrote (1537)	7/16/1998 10:34:00 AM
From: Fortinwit	Read Replies (1) \| Respond to of 3813

Novellus Systems Reports Second Quarter Results: briefing.newsalert.com Highlights: Net sales for the quarter were $142.8 million, an increase of 25 percent over second quarter 1997 net sales of $114.5 million. Net income of $16.1 million and $0.46 per share was recorded for the quarter as compared with the net loss posted in the second quarter of 1997 of $153.7 million and $4.66 per share. "While capacity purchases by semiconductor manufacturers have slowed considerably, strong interest in emerging, advanced technology products continues..." Lowlights: Bookings fell short of achieving a 1:1 book to bill ratio for the second quarter of 1998. Hill concluded, "There has been a significant slowdown in capital spending by the semiconductor manufacturers over the last several weeks. If this trend persists, we will continue to tightly control our expenditures in order to manage a return to our shareholders." F.