Banc of America Keeps Buy Rating on Novellus

Analyst Mark FitzGerald sees a positive outlook for the chip equipment firm in the second half of 2001

Novellus Systems (NVLS ) posted Q4 earnings per share of $0.76 vs. $0.27 (pro forma) on a sharp revenue rise. Banc of America maintains its buy rating on shares of the wafer fabrication systems maker.

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