Novellus Jumps on Orders Data

Posted in pre-market 
September 4th, 2009

Novellus Systems, Inc. (NASDAQ: NVLS) is showing that semiconductor cap-ex is also starting to come back online after it raised its new orders guidance from a base-line of what was +20% to a higher base of +40%.  Shares are up right at 4% at $19.81 as of 9:00 AM EST on 112,000 shares of stock.  The average volume here is 4.3 million shares and the 52-week high is $22.39. -JON OGG

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