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HEADLINES:

Pending Q4 Results: Dyax Partnerships Could Yield Sustained Growth For Investors
Chemistfrog • Fri, Feb 8 • 3 Comments
Time To Reverse Strategy
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Competition Scene For Semiconductor Equipment In Wake Of Lam-Novellus Merger
Robert Castellano • Wed, Jun 6, 2012 • 1 Comment
Merger Arbitrage Mondays: May 7, 2012
Asif Suria • Mon, May 7, 2012 • 2 Comments
Can Novellus Reinvigorate Lam Research?
Robert Castellano • Wed, May 2, 2012
Merger Arbitrage Mondays - April 30, 2012
Asif Suria • Mon, Apr 30, 2012 • 3 Comments
Novellus Systems Reports First Quarter Results

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Other Possible Effects Of The Retina Display Rush
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Analyzing Wednesday's Noteworthy Insider Trades
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Hedging 13 Stocks Exhibiting 'Tech Disconnect'
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Applied Materials Is Trading Within Our Fair Value Range
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Lam Research: 70% Upside Potential
Efsinvestment • Sun, Feb 19, 2012 • 5 Comments
5 Semiconductor Stocks Trading Near Highs On Strong Short Covering
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These 5 Stocks Look Ready To Tumble
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Vanguard Group's Top Sells: 3 Potential Short Candidates
Rash Menaria • Fri, Feb 10, 2012 • 3 Comments
Novellus Systems' CEO Discusses Q4 2011 Results - Earnings Call Transcript
Thu, Feb 2, 2012
Earnings Preview: Novellus
Theflyonthewall • Thu, Feb 2, 2012
5 Earnings Reports This Week: How Will These Stocks Move?
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Earnings Preview: Novellus
Theflyonthewall • Thu, Feb 2, 2012
Novellus Systems Makes For A Possible Buyout Target
Takeover Analyst • Mon, Nov 7, 2011
Novellus Brings Opportunities For Longs And Shorts In Post-Earnings Trade
Midnight Trader • Wed, Oct 26, 2011
Earnings Preview: Novellus
Theflyonthewall • Mon, Jan 31, 2011
Earnings Preview: Novellus
Theflyonthewall • Tue, Oct 26, 2010
Earnings Preview: Novellus Systems
Theflyonthewall • Wed, Apr 21, 2010
Earnings Preview: Novellus Systems
Theflyonthewall • Tue, Feb 2, 2010
Novellus Systems Q3: Beats by a Penny
Zacks Investment Research • Thu, Oct 22, 2009
Earnings Preview: Novellus Systems
Theflyonthewall • Wed, Oct 21, 2009
Novellus: Looking for Clues in NVLS Chart
optionMONSTER • Mon, Jul 13, 2009
Earnings Preview: Novellus
Theflyonthewall • Tue, Apr 21, 2009
Earnings Preview: Novellus Systems
Theflyonthewall • Wed, Feb 4, 2009
Earnings Preview: Novellus Systems
Theflyonthewall • Wed, Oct 15, 2008
Novellus Sticks to Its Knitting
Sramana Mitra • Tue, Jul 15, 2008
Earnings Preview: Novellus
Theflyonthewall • Fri, Apr 18, 2008
Novellus Should Rise on Bullish Call
Notable Calls • Thu, Apr 10, 2008 • 1 Comment
Novellus Tops Q4 Estimates
Eric Savitz • Wed, Jan 30, 2008
Earnings Preview: Novellus Systems
Theflyonthewall • Wed, Jan 30, 2008
Novellus Shifts Q3 Bookings "To Accurately Reflect Our Uncertainty"
Eric Savitz • Sun, Sep 2, 2007
Novellus Posts Slowest Growth in a Year
SA Editor Judith Levy • Tue, Jul 17, 2007

Pending Q4 Results: Dyax Partnerships Could Yield Sustained Growth For Investors
Chemistfrog • Fri, Feb 8 • 3 Comments
Time To Reverse Strategy
BubbleBustInvesting • Thu, Sep 13, 2012 • 4 Comments
Applied Materials: A Great Dividend Yielder Finds Some Support
Bard Luippold • Fri, Jun 8, 2012 • 9 Comments
Competition Scene For Semiconductor Equipment In Wake Of Lam-Novellus Merger
Robert Castellano • Wed, Jun 6, 2012 • 1 Comment
Merger Arbitrage Mondays: May 7, 2012
Asif Suria • Mon, May 7, 2012 • 2 Comments
Can Novellus Reinvigorate Lam Research?
Robert Castellano • Wed, May 2, 2012
Merger Arbitrage Mondays - April 30, 2012
Asif Suria • Mon, Apr 30, 2012 • 3 Comments
Other Possible Effects Of The Retina Display Rush
Paulo Santos • Tue, Apr 3, 2012 • 4 Comments
9 Outperforming S&P 500 Stocks Being Bought Up By Hedge Funds
Kapitall • Wed, Mar 21, 2012 • 4 Comments
Analyzing Wednesday's Noteworthy Insider Trades
GuruFundPicks • Thu, Mar 15, 2012 • 2 Comments
Hedging 13 Stocks Exhibiting 'Tech Disconnect'
David Pinsen • Fri, Mar 2, 2012
Applied Materials Is Trading Within Our Fair Value Range
Valuentum • Fri, Feb 24, 2012
Lam Research: 70% Upside Potential
Efsinvestment • Sun, Feb 19, 2012 • 5 Comments
5 Semiconductor Stocks Trading Near Highs On Strong Short Covering
Kapitall • Wed, Feb 15, 2012
These 5 Stocks Look Ready To Tumble
Investment Underground • Fri, Feb 10, 2012 • 4 Comments
Vanguard Group's Top Sells: 3 Potential Short Candidates
Rash Menaria • Fri, Feb 10, 2012 • 3 Comments
5 Earnings Reports This Week: How Will These Stocks Move?
The Oxen Group • Wed, Feb 1, 2012
VIX - Options Volatility Sonar: Monday Recap
Erick McKitterick • Mon, Jan 30, 2012
Cramer's Mad Money - 5 Themes That Will Work In 2012 (1/24/12)
SA Editor Miriam Metzinger • Wed, Jan 25, 2012 • 1 Comment
The Most Overbought S&P 500 Stocks And The 50 Best Year To Date
Bespoke Investment Group • Tue, Jan 24, 2012 • 2 Comments

Novellus Systems' CEO Discusses Q4 2011 Results - Earnings Call Transcript
Thu, Feb 2, 2012
Novellus Systems' CEO Hosts Q4 2011 Mid-Quarter Update Conference Call - Event Transcript
Mon, Dec 5, 2011
Novellus Systems' CEO Discusses Q3 2011 Results - Earnings Call Transcript
Wed, Oct 26, 2011
Novellus Systems' CEO Discusses Q2 2011 Results - Earnings Call Transcript
Mon, Jul 11, 2011
Novellus Systems' CEO Discusses Q1 2011 Results - Earnings Call Transcript
Wed, Apr 27, 2011
Novellus Systems' CEO Discusses Q4 2010 Results - Earnings Call Transcript
Mon, Jan 31, 2011
Novellus Systems CEO Discusses Q3 2010 Results – Earnings Call Transcript
Tue, Oct 26, 2010
Novellus Systems, Inc. Q2 2010 Earnings Call Transcript
Mon, Jul 12, 2010
Novellus Systems, Inc. Q1 2010 Earnings Call Transcript
Wed, Apr 21, 2010
Novellus Systems, Inc. Q4 2009 Earnings Call Transcript
Wed, Feb 3, 2010
Novellus Systems Inc. Q3 2009 Earnings Call Transcript
Thu, Oct 22, 2009
Novellus Q2 2009 Earnings Call Transcript
Tue, Jul 14, 2009
Novellus Systems, Inc. Q1 2009 Earnings Call Transcript
Wed, Apr 22, 2009
Novellus Systems, Inc. Q4 2008 Earnings Call Transcript
Wed, Feb 4, 2009
Novellus Systems, Inc. Q4 2008 Mid-Quarter Update Earnings Call Transcript
Thu, Nov 20, 2008
Novellus Systems, Inc. Q3 2008 Earnings Call Transcript
Wed, Oct 15, 2008
Novellus Systems, Inc. F3Q08 Mid-Quarter Update Call Transcript
Thu, Aug 28, 2008
Novellus Systems Analyst and Press Event Transcript
Tue, Jul 15, 2008
Novellus Systems, Inc. F2Q08 (Qtr End 00/00/00) Earnings Call Transcript
Mon, Jul 14, 2008
Novellus Systems, Inc. Q2 2008 Mid-Quarter Earnings Update Transcript
Thu, May 29, 2008 • 1 Comment

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Novellus Systems Reports First Quarter Results

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Novellus Announces Availability and Timing of Fourth Quarter and Year-End 2011 Financial Results Webcast

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Novellus Announces Availability of the Webcast of Its Presentation at the 14th Annual Needham Growth Conference

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Tech Stocks: Tech stocks end up putting in mixed performance

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Stocks Close Positive But Rally Loses Steam

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NVLS vs. ETF Alternatives

Company Description

Novellus Systems, Inc. is a California corporation organized in 1984. Together with its subsidiaries, Novellus develops, manufactures, sells and supports equipment used in the fabrication of integrated circuits, commonly called chips or semiconductors. Customers for this equipment manufacture... More

Sector: Technology

Industry: Semiconductor Equipment & Materials

Country: United States

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| Earnings
| Dividends
| M&A
| On the move

Tuesday, October 16, 2012, 4:31 PM More on Intel's Q3: PC division sales -8% Y/Y, server division +6%. PC CPU prices -1% Q/Q and -4% Y/Y. Gross margin was 64.3%, nearly flat Q/Q and better than expected. But it's forecast to fall to 57%-59% in Q4, which suggests pricing/ASP weakness. 2012 capex, previously expected to be at low end of $12.1B-$12.9B range, is now expected to total just $11B-$11.6B (a negative for chip equipment stocks). INTC -1.9% AH. CC at 5PM ET (webcast). (CFO comments - PDF) (PR) 18 Comments [Tech, Earnings]
Friday, June 1, 2012, 5:44 PM Lam Research (LRCX) is expected to complete its acquisition of Novellus Systems (NVLS) on Monday, June 4, and will be added to the S&P 500 after the close of trading. Additionally, LRCX will be removed from the S&P 400 on the same day, and Royal Gold (RGLD) will be added in its place. Comment! [Tech]
Thursday, May 24, 2012, 6:03 PM Chip contract manufacturer UMC, which has long played second fiddle to larger Taiwanese rival TSMC (TSM), has broken ground on an $8B fab expansion plan that will manufacture chips at cutting-edge process nodes. TSMC has a head start on UMC and other rivals in producing chips using a 28nm process, and is having trouble meeting demand. Chip equipment makers are counting on strong orders from contract manufacturers to offset weak demand elsewhere. 1 Comment [Tech]
Wednesday, May 16, 2012, 3:27 PM J.P. Morgan's Chris Blansett chops KLA-Tencor (KLAC -4.7%), Lam Research (LRCX -4.5%) and Novellus (NVLS -4.4%) to Underweight, predicting a "downtick" in capital expenditures by chip foundries in H2 of this year, and that capex in the memory and logic sectors of the business will be lower than many investors expect. Comment! [Tech, Quick Ideas, On the Move]
Tuesday, May 15, 2012, 9:56 AM Needham makes a bearish call on chip equipment stocks, and is downgrading Applied Materials (AMAT +0.1%), Ultra Clean Holdings (UCTT -4.3%), and Nova Measuring (NVMI -2.9%) in the process. The firm thinks order rates from major chip manufacturers are decelerating, and is less confident memory capex (ed: no doubt affected by Elpida's bankruptcy and falling flash prices) will rebound in the near-term. Thus, it thinks the Street's growth forecasts are too high. 1 Comment [Tech, On the Move, Quick Ideas]
Thursday, May 10, 2012, 6:20 PM Lam Research (LCRX) is going to be removed from the S&P 400 and added to the S&P 500, replacing Novellus (NVLS) on a date to be announced. LRCX is acquiring NVLS in a deal expected to be completed soon pending final approvals. Royal Gold (RGLD) will be added to the S&P 400 in its place. Comment! [Tech, Commodities]
Wednesday, April 18, 2012, 6:30 PM Chip equipment maker Lam Research (LRCX) guides on its FQ3 earnings call for FQ4 revenue of $690M-$730M and EPS of $0.62-$0.72, which compares with Street estimates of $712.3M and $0.71. Novellus (NVLS), which Lam is in the process of acquiring, also reported today. LRCX -0.8% AH. Comment! [Tech, Earnings]
Wednesday, April 18, 2012, 4:42 PM Novellus Systems (NVLS): Q1 EPS of $0.61 in-line. Revenue of $327M (-21% Y/Y) beats by $11M. (PR) Comment! [Earnings, Tech]
Tuesday, March 27, 2012, 5:25 PM Though expecting chip equipment spending to fall this year (like others), Applied Materials (AMAT) CEO Mike Splinter predicts demand will rebound in 2013, and says he's "slightly more optimistic" about 2012 spending than last month, thanks to the impact of strong mobile device demand. He adds Applied now expects its acquisition of Varian Semiconductor to eventually result in $80M in annual cost savings, up from a prior $50M-$60M. Comment! [Tech]
Friday, February 24, 2012, 6:04 PM North American chip equipment makers posted a book-to-bill ratio of 0.95 in January, according to a preliminary estimate from SEMI. Though indicating orders still trailed sales, the figure is a marked improvement from December's 0.85, and evidence of the positive impact rebounding foundry demand is having on the likes of AMAT, KLAC, NVLS, and LRCX. 1 Comment [Tech]
Friday, February 3, 2012, 1:27 PM Novellus (NVLS -0.7%), which closed yesterday near its 52-week high, is underperforming in spite of beating Q4 estimates, and guiding on its earnings call for Q1 revenue of $300M-$330M and EPS of $0.71-$0.86 (consensus of $306.2M and $0.66). A valuation-based downgrade from D.A. Davidson is likely playing a role. However, Needham (Buy) expects both Street estimates and shares to move higher. 1 Comment [Tech, On the Move]
Thursday, February 2, 2012, 4:44 PM Novellus Systems (NVLS): Q4 EPS of $0.73 beats by $0.26. Revenue of $282.7M (-26.5% Y/Y) beats by $5M. Shares +1.2% AH. (PR) Comment! [Earnings, Tech, On the Move]
Thursday, February 2, 2012, 12:10 AM Notable earnings after Thursday's close: APKT, CAVM, CFN, CPT, EW, GILD, GNW, MCHP, NLY, NVLS, PFG, PKI, SFSF, SUN, SXC, TTWO, VRTX, WYNN Comment! [Earnings]
Wednesday, February 1, 2012, 5:35 PM Notable earnings after Thursday's close: APKT, CAVM, CFN, CPT, EW, GILD, GNW, MCHP, NLY, NVLS, PFG, PKI, SFSF, SUN, TTWO, VRTX, WYNN Comment! [Earnings]
Tuesday, January 24, 2012, 2:54 PM Citigroup's Terence Whalen picks up coverage of semi equipment stocks and raises KLA Tencor (KLAC +1.2%) and Novellus (NVLS +3.1%) to Buy from Neutral, while cutting FormFactor (FORM -2.6%) to Neutral. Investors “have yet to correctly quantify escalating capital intensity” in the chip manufacturing business, he asserts, expecting wafer fab equipment spending will near $36B in three years. Comment! [Tech, On the Move]
Tuesday, January 17, 2012, 5:57 PM Pacific Crest upgrades Lam Research (LRCX +4.1%) to Outperform, seeing "little risk" that the company's deal to purchase Novellus (NVLS +3.6%) will fall apart and expecting shares to more fully reflect the value of the combined entity as the deal gets closer to its expected Q2 completion. Pacific also is confident in the ability of CEO Martin Anstice, the architect of the $3.3B deal. Comment! [Tech, M&A]

The Wall Street Transcript
A Weaker Back Half of 2012 for Semiconductor Capital Equipment; Analyst Discusses $AMAT, $ASML, $MU, $NVLS, $TSM - http://su.pr/4l3dk7
6/7/12
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Parsimony Investment Research
Breakout Stocks to watch next week...all within 3% of key pivot points. $EXPE $NVLS $CDNS $CF $CHS $CMI
3/23/12
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Asif Suria
New post: Merger Arbitrage Mondays http://bit.ly/tvkaeH $SYNO $NVLS $SOLO
12/19/11
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Jacob Wolinsky
Thursday (12/15/11) Mid-Day Market Report http://bit.ly/tUSfvw $GLD #einhorn $GOOG $FDX $LRCX $NVLS $COV $SPY $OIL
12/15/11
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Asif Suria
Lam Research to buy Novellus Systems for $3.3 billion $LRCX $NVLS http://reut.rs/vrRrN8
12/15/11
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bigazul
Wow, NVLS bought out. Didn't see that one coming at all.
12/14/11
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addycruise_1
Is NVLS reporting today?
10/10/11
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Michael Bryant
Novellus Systems (NVLS) fell although it beat estimates?????????? Something sounds wrong.
7/12/11
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Chines33
Tech is the worst sector to be in here in my opinion we already see warnings all over the place including HPQ and NVLS today.season=bad
7/11/11
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J St. Georges
Scalping $NVLS short 37.50ish, 3 times a charm, +.36c total
5/12/11
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