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    Novellus Systems leaves 1Q guidance unchanged

    SAN JOSE, Calif. (AP) — Semiconductor manufacturing equipment maker Novellus Systems Inc. said it will not change its earnings forecast for the current quarter, and will not hold a conference call with investors to update them on the quarter. The company said Tuesday it will not hold the call because of its pending merger with Lam Research Corp.

    Lam Research announced in December that it plans to buy San Jose-based Novellus Systems for $3.3 billion in stock.

    Both companies make equipment that manufacturers use to build semiconductors.

    In early February, Novellus Systems said it expects to earn adjusted net income during the current quarter between 50 cents and 65 cents per share, according to FactSet. Analysts are expecting the company to earn 60 cents per share, according to a survey by FactSet.

    The company forecast that it will have revenue between $300 million and $330 million during the quarter and analysts are expecting $311.6 million, according to FactSet.

    Shares of Novellus Systems fell 1 cent to close at $44.10. Lam Research ended up 4 cents at $39.54.

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    • Even Cavendish surprised by fourth stage win

      By Alasdair and Fotheringham CHERASCO, Italy, May 17 - A series of small but challenging climbs late on Friday's stage of the 2012 Giro d'Italia could not stop Britain's Mark Cavendish taking his fourth stage win and second in two days. Italy's Vincenzo Nibali remained overall leader but it was sprinter Cavendish who stole the show again after compatriot and pre-race favorite Bradley Wiggins failed to start the 254 kilometer stage, the longest in this year's Giro. In a bunch sprint finish Cavendish outgunned Italy's Giacomo Nizzolo and Slovenia's Luka Mezgec. ...

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      This coming weekend is a big one for Saturday Night Live. It marks the end of Bill Hader's tenure on the show and Ben Affleck's fifth time hosting. But perhaps the most significant reason to tune in is the fact that Kanye West is the musical guest, and he's making it seem like he really, really doesn't want to be. With West's apparent frustration with the show and his penchant for, shall we say ... off-the-cuff remarks, producers should be worried and we should be excited. Is there a better combo than that?

    • This Child Made a Film About His School Lunch—and He Titled It ‘Yuck.’ (VIDEO)

      When fourth grader Zachary Maxwell started nagging his parents to let him bring his own lunch to school, they knew something was up. Zachary was served lunch every day in his New York City public school and because it was a hot lunch, his parents were insistent he take advantage of it.

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      When the 43-state Powerball lottery jackpot hit a record at $600 million Friday, many Americans who would otherwise not gamble rushed out to buy the $2 tickets. “Just on the off-chance,” many probably said.

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      When Hurricane Katrina was making its way to New Orleans some eight years ago, tens of thousands of residents stayed in the city instead of evacuating for the simple reason that they didn’t have access to transportation. In the years following New Orleans’ rebuilding process, a free, public evacuation bus system has been established.

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