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

To: brushwud who wrote (1987)	3/5/1999 8:20:00 AM
From: SemiBull	Read Replies (1) \| Respond to of 3813

A secondary offering typically has a dilutive effect....so why would anyone expect a stock such as NVLS (or SFAM, SVGI, IPEC or a whole host of other companies that have done secondary offerings) to go up in the short term after such a move? Either the short term depressive pressure is ultimately allieviated by Wall Street's confidence in management's ability to show earnings growth to compensate for the dilutive effect of the additional shares OR the secondary offering is an attempt on the part of management trying build cash horde at the peak of the cycle. Just one man's spin....SemiBull