Novellus

(NVLS)

was up 2.9% in preopen

Island

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trading after it posted third-quarter earnings of 62 cents per share, matching the Street estimates. In the year-ago period, the semiconductor equipment maker earned 18 cents per share. Novellus said sales more than doubled.

ABN AMRO

raised its fourth-quarter estimate to 72 cents per share from 70 cents and its 2001 estimate to $3.20 from $3.40.

Goldman Sachs

lifted its 2000 forecast to $2.34 from $2.28 and its 2001 outlook to $3.15 from $2.90.