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12/17/1999 9:02:00 PM
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AFTER THE CLOSE ******
Novellus (NVLS) 85 11/64 +8 31/64: company preannounces an upside surprise for Q4; says revenues will be $190 mln and after-tax margin will be 16-17%, implying earnings of $0.75-0.79 per share versus a consensus of $0.65. NVLS also guides number higher for the first half of 2000, with revenue/margin forecasts implying a conservative EPS estimate of $1.85 for the first half. And finally, the company announces a 3-1 stock split.
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