SAN FRANCISCO (Reuters) - U.S. semiconductor equipment maker Novellus Systems Inc (NVLS.O) posted disappointing margins and a wider than expected loss, but a robust forecast helped limit share losses in late trade.

Many investors had bet on a gradual recovery in the chip sector and a bounce in profits for players such as Novellus. Analysts had hoped for Novellus, which competes with larger rival Applied Materials Inc (AMAT.O), to report fatter margins in line with cost-cutting and a market recovery.

Read the whole story on Reuters or try our Toolbar
Bookmark and Share

Related stories from top sites:

  • Dozens hurt in San Francisco rail accident

    Jul 6th, 2009 - Reuters

    LOS ANGELES, July 18 (Reuters) - Two light rail carscollided in San Francisco on Saturday, injuring 48 people, fourof whom were in critical condition, officials said. The...

  • Several injured in San Francisco light-rail crash

    Jul 6th, 2009 - Forbes.com

    SAN FRANCISCO -- Several people are injured after two light-rail trains collided in San Francisco. Judson True, a spokesman for the city's Muni service, says the crash occurred just before 3 p.m...

  • Chip Inventory, Not Broad Economy, Drives Intel's Good News

    Jul 6th, 2009 - CNNMoney

    SAN FRANCISCO -(Dow Jones)- Investors hoping Intel Corp.'s (INTC) better-than-expected quarter and bullish comments suggest the broader tech sector will seesimilarly strong...

  • Strong Goldman, Weak Retail Mix It Up

    Jul 6th, 2009 - Forbes.com

    Stocks rallied to a modest gain at the close of trading Tuesday. Huge profits by investment bank Goldman Sachs collided with weak data from retailers and a mixed outlook from some giants of the technology sector.

  • Fitch cuts cash-strapped California's debt rating

    Jul 6th, 2009 - Reuters

    SAN FRANCISCO, July 6 (Reuters) - California suffered a newsetback in its financial crisis on Monday when Fitch Ratingscut its rating on the state's general obligation debt to justtwo notches above junk status.

More stories ...

Leave a Reply

Comment moderation is enabled. Your comment may take some time to appear.