Novellus (NVLS) was up 1.8% in after-hours Island trading after closing down 3.3%.

After the bell, the microchip equipment maker posted first-quarter earnings of 62 cents a share, beating the consensus estimate by 1 cent and up from 17 cents a share in the year-ago period. However, earnings were down from 76 cents a share in the fourth quarter of 2000.

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