- CEO: May have additional charges not included in guidance, situation got worse in last week
- Prior Q4 expectations at Rev $200-245M, orders -15% to +5%

Other headlines for [NVLS]

• NVLS Yesterday 10:13am
  Novellus Systems Inc Hearing takeover chatter circulating- Tokyo Electron rumored as a potential acquirer
  
• 1/5/2009 05:58am
  Wachovia Analysts raise US Semiconductor sector to overweight from market weight- Sees sector inventories rising in Q4 of 2008 and into Q1 of 2009
  
• 12/18/2008 06:01pm
  November Book-to-Bill Ratio 1.00 v 0.96 prior; 3 month avg of global bookings $805.4M (-4% m/m and -29 y/y) - SEMI- 3-month avg of global billings $807.3M (-7% m/m and -42% y/y) - Commentary: "The more...
  
• 12/10/2008 00:46am
  According to iSuppli, worldwide spending on semiconductor manufacturing equipment in 2009 will decline by 17.6% to $35.2B (lowest level since 2002)- The decline in 2009 will continue the downturn more...
  
• NVLS 12/9/2008 09:01am
  Novellus Systems Inc Guides Q4 at -$0.15 or worse v -$0.04e (-$0.06 to $0.00 prior); Plans a 10% reduction in global workforce (370 positions)- Expects to receive $12M impairment charge due to restructuring - Continue more...
  

Technology sector headlines

• DMAN Today 04:13pm
  DemandTec Reports Q3 $0.05 (adj) v $0.03e, R$19M v $18.7Me - filing- cash equivalents and marketable securities at the end of Q309 totaled $85.7M, an increase of approximately $2.2M from the end of Q209. - more...
  
• SCSC Today 04:10pm
  Scansource Inc Cuts Q2 sales guidance to R$474M-$480M v $521.8Me (had seen R$515M-$535M)- The decrease in revenues reflects softness in all of the Company''s business units and geographies.
  
• SNX Today 04:06pm
  Synnex Corp Reports Q4 $0.80 v $0.70e, R $2.1B v $2.13Be- Guides Q1 EPS $0.50-0.53 v $0.51e, R $1.74-1.84B v $1.87Be
  
• FLIR Today 04:06pm
  FLIR Systems, Inc Announces $12.8M Order From the Kingdom of Saudi Arabia- Order for advanced RECON III hand-held infrared camera system. The units delivered under this competitive award will be used for long-range more...
  
• SABA Today 04:06pm
  Saba Software Inc Reports Q2 $0.04 v $0.04e, R$25.8M v $26.6Me- Guides FY09 $0.18-$0.23 v $0.17e