I think that we've been through this "cutback production" thing a dozen or so times already.
Novellus makes inanimate, put-in-a-box and stack-on-a-shelf chips!. Hardly the same type of business as GTC. Also, they have 3,500 employees, they're cutting 350.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.