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Webcast of update call.http://ir.novellus.com/index.cfmNovellus lowered top end revenue guidance (from $300m-$340m to $300m-$320m) and RAISED EPS $.65 to $.75 per share forecast.If the foundaries are seeing weakness, is that because of end user market problems for foundary customers OR is it because Intel (not a foundary customer) is taking business from foundaries?Also .... lots more in call ... 31:30 minutes longStart at 2:29 minutes after safe harbor.About 2:50 minutes into call:Weak consumer PC demand in DEVELOPED markets. About 6:30 minutes into call: NAND strong.End microprocessor demand strong. Worldwide robust PC demand. <<<<<<<China doesn't give unit demand and that segment has remained strong. <<<<11:00 minutes:Demand forecast is for 9 months in the future, not tomorrow.Real end demand is not that weak.15:00 minutes:Large DRAM order pushed out of Q3. Lot of caution around new DRAM equipment.NAND and uprocessor remained strong.17:30 minutes:Demand forecast is for 9 months in the future, not tomorrow.19:00 minutes:Expansion of server technology by cloud.3%-5% increase per quarter in wafer starts at foundaries.