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

To: Proud_Infidel who wrote (22405)	8/3/1998 2:17:00 PM
From: Teri Skogerboe	Read Replies (1) \| Respond to of 70976

Brian, <<But IMO he must see something, otherwise he simply opens up the company to litigation should his statements not come to fruition.>> Not true, in my view (the litigation part). Recall the "Safe Harbor Act" of 1995. An excerpt from NVLS's most recent report stating the Safe Harbor provisions is below. They can look forward all day long and they don't have to be right. Further, "his statements have not come to fruition" several times in the past and it hasn't mattered. IOW, they are protected in the area of "forward looking statements". Just trying to help, though it usually makes no sense to do so. Excerpt: "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: The statements regarding (i) the company's commitment to continuing its research and development investment for the future, (ii) the company's intention to tightly control and keep expenditures at a minimum, (iii) the semiconductor manufacturers' interest in emerging, advanced technology products, (iv) the company's ability to continue to invest in new product development, (v) the company's ability to take advantage of the long-term growth prospects for the thin film deposition market, as well as other matters discussed in the news release that are not purely historical data, are forward-looking statements. The forward-looking statements involve risks and uncertainties including, but not limited to, a possible continuing slowdown in new orders, the difficulty of curtailing expenses to necessary levels and the inability of the company's product development efforts to continue its position as an industry leader in deposition technologies, and other risks indicated in filings with the Securities and Exchange Commission (SEC). Actual results could differ materially. Novellus assumes no obligation to update this information. For more details, refer to Novellus' SEC filings, including its most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q.