(Reuters) - Rival Applied Materials Inc. saw its shares rise almost 4 percent and Lam Research Corp. stock rose almost 6 percent after the Novellus outlook seemed to suggest that recent manufacturing over-capacity in the chip industry was receding.
"The order guidance was better than some people were expecting," said Stanford Group analyst Timothy Summers, who said Novellus had seen orders decline for three consecutive quarters.
Read more at Reuters.com Hot Stocks News
"The order guidance was better than some people were expecting," said Stanford Group analyst Timothy Summers, who said Novellus had seen orders decline for three consecutive quarters.
Read more at Reuters.com Hot Stocks News
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