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TREND1

01/26/04 7:10 PM

#2354 RE: TREND1 #2350

NVLS OUTLOOK
Looking forward, Novellus forecast first-quarter profits of 8 cents a share, 3 cents lower than analysts polled by Thomson First Call had expected. The company told investors to expect revenue ranging from $240 million to $250 million vs. expectations of $219.5 million.