Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Goldman Remains Bullish on Novellus

Goldman Sachs recommended investors be more aggressive on Novellus Systems (NVLS).

Analyst James Covello says during a mid-quarter update, Novellus reiterated its second-quarter guidance for net orders, revenues and earnings. He says management said SARS continues to impact business, causing weak orders, but he believes order weakness is driven by a sequential decline in DRAM.

Covello believes any disappointment around Novellus' plans not to raise its order guidance as expected will be mitigated by management's surprisingly bullish tone on the second-half results. He reiterates his belief that the semiconductor-equipment cycle has bottomed, and thinks investors with a six-month to nine-month horizon should overweight the stocks. While Applied Materials remains his top pick, investors should begin to be more aggressive with Novellus.

blog comments powered by Disqus