BRIEF: For the six months ended 28 June 2008, Novellus Systems, Inc.'s revenues decreased 30% to $572.5M. Net income decreased 88% to $13.1M. Revenues reflect decreased demand for Company's products and services. Net income also reflects lower gross margin, the presence of impairment of inventory & evaluation systems, write down of certain research & development assets and charges related to reductions in workforce.
OFFICERS:
Richard S. Hill, Chairman of the Board and Chief Executive Officer,
Jeffrey C. Benzing, Executive Vice President and Chief Administrative Officer,
Fusen Chen Ph. D., Executive Vice President, Chief Technology Officer and General Manager, Gapfill Business Unit,
Tom Caulfield, Ph.D., Executive Vice President, Sales, Marketing, and Customer Service,
Gino Addiego Ph.D., Executive Vice President of Corporate Operations,
Patrick J. Lord, Ph.D, Senior Vice President, Business Development and Strategic Planning, and Acting General Manager, CMP Business Unit,
Timothy M. Archer, Senior Vice President and General Manager, PECVD Business Unit,
Martin J. Collins, Senior Vice President and General Counsel,
TRANSFER AGENT:
Company reincorp. CA
Direct inquiries to: Investor Relations
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Novellus Systems, Inc.
4000 North First Street
San Jose, 95134
Phone: 1-408-943-9700
Fax: 1-408-943-0202
Sector Name: Technology
Industry Name: Semiconductors
Employees: 3,698
Market Cap (Mil) $ : 1,687.532
Complete Financials: Jun 2008
Updated: 10/06/2008
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