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October 18, 1998

COMPANY RESULT: NOVELLUS SYSTEMS INC

By CBR Staff Writer

Novellus Systems Inc, the San Jose, California-based wafer fabrication equipment manufacturer, has reported third quarter net profits down 62.0% at $7.6m on revenues down 31.2% at $106.7m; nine-month net profits rose to $44.7m from losses last time of $118.0m on revenues up 11.2% at $412.8m. Net earnings per share fell 61.4% to $0.22 in the quarter, and up to $1.28 in the nine months. Comparative figures for the nine month period contain $235m of one off charges.

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