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Analyst List
| A.G. Edwards & Sons, Inc. |
American Technology Research |
| Banc of America Securities |
Caris & Company |
| Citigroup |
Credit Suisse |
| Deutsche Banc |
Global Crown Capital |
| Goldman Sachs |
HSBC Global Research |
| J.P. Morgan |
Lehman Brothers |
| Merrill Lynch |
Morgan Stanley & Co. |
| Needham & Company, Inc. |
Oppenheimer and Co. |
| Pacific Crest Securities |
RBC Capital Markets |
| SG Cowen Securities Inc. |
Stifel Nicolaus |
| ThinkEquity Partners |
UBS |
Novellus Systems, Inc. is followed by the brokerage firms listed above.
This list may not be complete and is subject to change at any time as
firms add or delete coverage of Novellus. The opinions, estimates and
forecasts of the analysts at these firms are theirs alone and do not
represent the opinions, forecasts or predictions of Novellus or its
management. Novellus does not endorse or concur with the information,
conclusions or recommendations of these analysts.
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