Nivalis Therapeutics (NVLS)

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Novellus Systems Inc. (NVLS): CEO Richard Hill Bought 10,000 Shares

Novellus Systems, Inc. (NVLS) engages in the manufacture, marketing, and servicing of semiconductor equipment for thin film deposition, surface preparation, and chemical mechanical planarization. The company shares prices have dropped nearly 10% its value year to date. Due to lower sales, Novellus cut their first quarter earnings 71% to $15.5 million or $0.15 a share compared to $53.8 million or $0.42 a year ago. Revenue declined 21% to $314.7 million. The company expects slower business for the rest of the year.

Bruce Sherman owns 9,324,671 shares since the last quarter of 2007.

CEO Richard Hill bought 10,000 shares on 4/25/08 at $21.82, while officers sold shares at $24.50 to $26.70 in the past two quarters: EVP Jeffrey Benzing sold 4,498 shares; Technical Officer Fusen Ernie Chen sold 4,397 shares; SVP Martin J. Collins sold 1,607 shares; and Director J. David Litster sold 500 shares.

Novellus Systems Inc. has a market cap of $2.23 billion; its shares were traded at around $22.96 with a P/E ratio of 15.12 and P/S ratio of 1.48.

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