BNET Industries

Novellus Systems Inc.

(NVLS) is in the Manufacturing Industry

Market Cap:$2.3B
Last Fiscal Year Sales:$1.5B
  • Public
  • US
Dow Jones Description

Novellus Systems designs, builds, and services manufacturing equipment that is used in the production of semiconductor devices, or chips. Our chemical vapor deposition (CVD), physical vapor deposition (PVD), electrochemical deposition (ECD), chemical mechanical planarization (CMP), and surface preparation systems are used worldwide for the volume production of advanced semiconductor devices at the lowest overall cost to our customers. Semiconductor device manufacturers use some of our CVD systems to deposit thin films of insulating materials, called dielectrics, using either a plasma-enhanced chemical vapor deposition (PECVD) process or a high-density plasma chemical vapor deposition process (HDP CVD). For certain types of dielectric films used in very high performance devices, a post-deposition treatment (UVTP) may also be required. We also make a CVD system that's used to deposit conductive tungsten films (W-CVD). Novellus also offers a physical vapor deposition (PVD) system that's used to deposit aluminum layers on chips that use this conductive metal, as well as copper barrier/seed layers on chips that use copper wiring. Our electrochemical deposition (ECD) product is used to build the copper wires on copper chips, and our chemical mechanical planarization (CMP) product is used to polish the surface of the wafer in order to keep it flat. Finally, our surface preparation products are used to clean the wafer in-between manufacturing process steps, removing residues and...

Chairman & CEO
Richard S. Hill
Number of Employees 3,048
Contact Information

4000 N 1st St

San Jose, California 95134

novellus.com

(408) 943-9700

NAICS Code All Other Industrial Machinery Manufacturing: 333298

Recent Events

  • Novellus Sees 4Q Revenue $225 Million-$245 Million

    11/19/09 - Financial Announcement - View Story

  • Notable Analyst Rating Changes 10/22: FFIV, FCX, LMT, MOT, NVLS Upgraded; CHK, SAP, STJ, NTRS,...

    10/22/09 - Bond / Stock Rating - View Story

  • KLA-Tencor Q1 Earnings Rise, Top Estimate

    10/29/09 - Financial Announcement - View Story

  • Novellus Systems Launches SABRER ExcelTM for 22nm Copper Electroplating Hardware Enhancements Including IRISCellTM and MultiwaveTM...

    10/20/09 - Product Announcement - View Story

  • Market Report -- Short Stories NVLS

    10/15/09 - Bond / Stock Rating - View Story

  • Credit Suisse analyst upgrades shares of Novellus

    9/21/09 - Bond / Stock Rating - View Story

  • Credit Suisse Upgrades Novellus Systems NVLS to Outperform

    9/21/09 - Bond / Stock Rating - View Story

  • David Moenning's Daily State of the Markets: Something For Everyone

    9/08/09 - Bond / Stock Rating - View Story

  • Novellus reports improving demand

    9/04/09 - Financial Announcement - View Story

  • Applied Materials Posts Third Consecutive Loss

    8/11/09 - Financial Announcement - View Story

  • UPDATE 2-Novellus Q2 lags Street view but CEO bullish

    7/14/09 - Financial Announcement - View Story

News & Analysis

novellus systems inc. and semiconductor - All News and Analysis

Decision Makers

Name (plus bio) Position
Sass Somekh President
Ann D. Rhoads Chief Financial Officer of Premier, Inc., A Healthcare Supply Management Company
Ernie Chen Fusen Executive Vice President & Cto & General Manager
Jeffrey C. Benzing Executive Vice President, Chief Administrative Off.
Dennis Thomas St Executive Vice President Sales, Service & Marketing
Ginetto Addiego Executive. Vice President Business Operations
Gino Addiego Executive Vice President, Corp Operations
Timothy M. Archer Executive. Vice President, Pecvd & Electrofill
Tom Caulfield Executive Vice President, Worldwide Sales & Marketing & Customer Service
Fusen Chen Senior Vice President
Martin J Collins Senior Vice President General Counsel
Dave Bayly Vice President of North American Sales
John D. Hertz Vice President, Finance & Principal Accounting Off
Wilbert Hoek Vice President, Integration, Advanced Development
Patrick J. Lord Senior Vice President and General Manager for The Cmp Business Unit, Direct Metals Business Unit
Glen G. Possley Managing General Partner of Glen, Ore Associates
John Drewery Director of Technology
Andy Antonelli Technology Manager at Novellus' Pecvd Business
Don Muse
James Delattre
D. James Guzy Director
William R. Spivey PhD Director
George Kern Member

Board of Directors

Name (plus bio) Position
Richard S. Hill Chairman & CEO
Delbert A. Whitaker Board of Directors
J. David Litster Board of Directors
Mansy Youssef A El Board of Directors
Neil Bonke Board of Directors
Yoshio Nishi Board of Directors
Youssef A. El-Mansy Board of Directors

Richard S. Hill has been Novellus' chief executive officer and a member of the board of directors since 1993. He was appointed chairman of the board in May 1996. Before joining Novellus, Mr. Hill spent 12 years at Tektronix, Inc., where he held a variety of positions, including president of Tektronix Development Company, vice president of the Test and Measurement Group and president of Tektronix Components Corporation. Prior to joining Tektronix, he held engineering management positions at General Electric, Motorola and Hughes Aircraft Company. Mr. Hill holds a bachelor's degree in engineering from the University of Illinois and a master's degree in business administration from Syracuse University. He is a board member of the University of Illinois Foundation and serves on the boards of LSI and Arrow Electronics.

Organization Position Status
Novellus Systems, Inc. Chairman & CEO Current
Terablaze Chairman and Chief Executive Officer, Novellus Systems, Inc. Current
Agere Systems Inc. Board of Directors Current
Arrow Electronics, Inc. Board of Directors Current
LSI Corporation Board of Directors Current
Tektronix, Inc. President Former
Hughes Aircraft Company Former
Novellus Systems, Inc. Director Former
Syracuse University Master of Business Administration Former
University of Illinois Bachelor of Science Degree In Engineering Former
Agere Systems Inc. member Former

Dr. Sass Somekh is the President of Novellus Systems. Prior to joining Novellus, Dr. Somekh spent 23 years at Applied Materials, most recently as executive vice president and chairman of the company's Global Executive Committee. Before joining Applied, he worked at Bell Laboratories and Intel Corporation. Dr. Somekh has enjoyed a distinguished career in the semiconductor capital equipment business, transitioning from engineering and technology roles into executive management positions. He played a pivotal role in the development of products that have revolutionized the manufacturing of semiconductor devices.

Organization Position Status
Novellus Systems, Inc. President Current
Synopsys, Inc. board member Current
Nanosys, Inc. Board of Directors Current
Applied Materials, Inc. Executive Vice President Former
California Institute of Technology doctorate in electrical engineering Former

Organization Position Status
Novellus Systems, Inc. Chief Financial Officer of Premier, Inc., A Healthcare Supply Management Company Current
Premier Inc. Chief Financial Officer Current
Premier Inc. Senior Vice President Former
Novellus Systems, Inc. Board of Directors Current
Sprout Group Vice President Former
Sprout Group Investment Professional Former
Premier Inc. Finance Executive Former

Organization Position Status
Novellus Systems, Inc. Executive Vice President & Cto & General Manager Current

Mr. Benzing is currently Executive Vice President and Chief Business Officer, a position he has held since March 2004. Since joining the Company in November 1988 as Director of Special Projects, Mr. Benzing has held a number of positions, including Executive Vice President of the Depositions Business Group from January 2002 through February 2004; Executive Vice President, Systems Development, Engineering and Manufacturing Operations from July 1999 through December 2001; and Vice President in charge of Product Development from July 1992 through June 1999. From 1984 to 1988, Mr. Benzing was Vice President of Engineering of Benzing Technologies, a company that he co-founded. From 1979 to 1984, Mr. Benzing served in various positions at Hewlett Packard Company, an information technology company. Mr. Benzing holds a Bachelor of Science degree from the University of California, Berkeley and a Master of Science degree from Stanford University, both in mechanical engineering.

Organization Position Status
Novellus Systems, Inc. Executive Vice President, Chief Administrative Off. Current
Novellus Systems, Inc. Principal Financial Officer Current
Benzing Technologies LLC Vice President of Engineering Former
Benzing Technologies LLC Co-Founder Former
Stanford University Master of Science Degree Former
University of California, Berkeley Bachelor of Science Degree Former

Organization Position Status
Novellus Systems, Inc. Executive Vice President Sales, Service & Marketing Current

Organization Position Status
Novellus Systems, Inc. Executive. Vice President Business Operations Current

Dr. Gino Addiego joined Novellus in February 2005. As the company's executive vice president of corporate operations, he oversees all of Novellus' manufacturing, supply chain, systems engineering, facilities, and corporate quality organizations. Prior to joining Novellus, Dr. Addiego spent more than eight years at Applied Materials, where he was responsible for global operations (including manufacturing and supply chain), central engineering, information technology, facilities and all of the product groups. Before that, he worked at KLA-Tencor and Photon Dynamics. Dr. Addiego received both his bachelor's and doctorate degrees in electrical engineering from the University of California, Berkeley. He holds seven patents and was nominated for the National Inventor of the Year Award in 1993.

Organization Position Status
Novellus Systems, Inc. Executive Vice President, Corp Operations Current
Applied Materials, Inc. Senior Vice President, Foundation Engineering & Operations Current
KLA-Tencor Corporation NA Former
Applied Materials, Inc. NA Former
Photon Dynamics, Inc. NA Former
University of California, Berkeley Doctorate In Electrical Engineering Former
University of California, Berkeley Bachelor's Degree In Electrical Engineering Former

Timothy M. Archer is executive vice president of the PECVD Business Unit and the Electrofill Business Unit at Novellus. Mr. Archer joined the company in 1994 and has held a number of positions, including senior vice president and general manager of the PECVD Business Unit, senior vice president of the Dielectrics Group, senior vice president of PECVD and Electrofill, vice president and general manager for the Electrofill Business Unit, senior director of technology for the Electrofill Business Unit, and senior director of technology for Novellus Systems Japan. Before joining Novellus, Mr. Archer was employed at Tektronix, Inc. Mr. Archer completed the Program for Management Development at Harvard Business School and he holds a Bachelor of Science degree in applied physics from the California Institute of Technology.

Organization Position Status
Novellus Systems, Inc. Executive. Vice President, Pecvd & Electrofill Current
Tektronix, Inc. NA Former
California Inc Bachelor of Science Degree In Applied Physics Former

Dr. Caulfield joined Novellus in October of 2005. He is responsible for marketing and selling Novellus' products and services throughout the company's global sales and service regions. Prior to joining Novellus, Dr. Caulfield spent 16 years at IBM. In his most recent assignment as vice president of 300 MM Semiconductor Operations, Dr. Caulfield was responsible for the financial management and operation of IBM's premier semiconductor facility located in East Fishkill, New York. Prior to joining IBM he worked at Philips Laboratory as a senior member of the research staff. He began his career working at Columbia University. Dr. Caulfield earned two undergraduate degrees—one in materials science/metallurgy from Columbia University and another in physics from St. Lawrence University. He received both his master's and doctorate degrees in materials science/metallurgy from Columbia University. Dr. Caulfield serves on the board of directors of PDF Solutions, Inc.

Organization Position Status
Novellus Systems, Inc. Executive Vice President, Worldwide Sales & Marketing & Customer Service Current
PDF Solutions Inc. Semiconductor Industry Executive Current
PDF Solutions Inc. Board of Directors Current
Columbia University Ph.D In Materials Science, Metallurgy Former
Columbia University M.S. Former
Columbia University B.S. Former
St. Lawrence University B.S. In Physics Former

Organization Position Status
Novellus Systems, Inc. Senior Vice President Current
Novellus Systems, Inc. CTO, Executive Vice President & General Manager, Gapfill Business Unit Current
Electroglas Inc. Board of Directors Current
Applied Materials, Inc. Group Vice President Former
Applied Materials, Inc. General Manager, Copper Physical Vapor Deposition Former

Martin J. Collins is senior vice president and general counsel for Novellus. He joined the company in November 2006. Prior to joining Novellus, Mr. Collins was vice president, associate general counsel and assistant secretary of Oracle Corporation. Prior to joining Oracle, Mr. Collins was a corporate partner at Mayer, Brown, Rowe & Maw LLP, where he worked from 1991 until 2005. Mr. Collins received his Bachelor of Arts degree in political economy from Williams College and his Juris Doctorate from the Georgetown University Law Center.

Organization Position Status
Novellus Systems, Inc. Senior Vice President General Counsel Current
Novellus Systems, Inc. General Counsel Current
Georgetown University Law Center Juris Doctorate Former
Williams College Bachelor of Arts In Political Economy Former

Mr. Bayly brings to Inovys over 20 years experience building and managing sales and field operations teams. Previously, Dave served as Vice President of Lam Research where he led sales and field operations for North America and Europe through a turnaround phase. He also served as a Vice President of Worldwide Sales and Corporate Officer at Tencor Instruments, which he joined when the company purchased Prometrix Corporation. At Prometrix, Dave led the worldwide sales and field technical support team. Earlier as Vice President of North American Sales at Novellus Systems, he helped build a sales and support organization from the ground up. Dave began his career at Hewlett Packard and later spent time as a regional manager for leading semiconductor test companies Teradyne and Megatest. Dave graduated with a Bachelor of Science degree from the US Naval Academy.

Organization Position Status
Novellus Systems, Inc. Vice President of North American Sales Current
Inovys Corporation Vice President, Worldwide Sales and Field Operations Current
Lam Research Corporation Vice President Former
Megatest Corporation Regional Manager Former
Teradyne, Inc. Regional Manager Former
Inovys Corporation Sales Executive Former
United States Naval Academy Bachelor of Science Degree Former

Mr. Hertz is currently Vice President, Corporate Finance, and is also the Company's Principal Accounting Officer. Mr. Hertz joined Novellus in June 2007. Prior to joining the Company, Mr. Hertz worked for Intel Corporation, where he held a number of positions, including Central Finance Controller of the Digital Enterprise Group from October 2006 through June 2007, Finance Controller of the Enterprise Platform Services Division from April 2005 through October 2006, and Accounting Policy Controller from June 2000 through April 2005. Mr. Hertz received his Bachelor of Science in Business with an accounting emphasis from Montana State University, and was a Practice Fellow at the Financial Accounting Standards Board from July 1998 to June 2000.

Organization Position Status
Novellus Systems, Inc. Vice President, Finance & Principal Accounting Off Current
Montana State University Bachelor of Science In Business Former
Novellus Systems, Inc. Principle Accounting Officer Former

Organization Position Status
Novellus Systems, Inc. Vice President, Integration, Advanced Development Current

Dr. Patrick J. Lord is currently the Novellus Systems senior vice president and general manager for the CMP Business Unit, Direct Metals Business Unit, and Surface Preparation Business Unit. Since joining the company in February 2001, Dr. Lord has held a number of positions, including vice president of business development and strategic planning, senior director of marketing, senior director of business development, and most recently senior vice president of business development and strategic planning. Prior to joining the company, Dr. Lord was employed for six years at KLA-Tencor in various product marketing and management roles. Dr. Lord holds a Bachelor of Science degree, a Master of Science degree and a Ph.D. in mechanical engineering from the Massachusetts Institute of Technology.

Organization Position Status
Novellus Systems, Inc. Senior Vice President and General Manager for The Cmp Business Unit, Direct Metals Business Unit Current

Organization Position Status
Novellus Systems, Inc. Managing General Partner of Glen, Ore Associates Current
ASAT Inc. Board of Directors Current
Novellus Systems, Inc. Board of Directors Current
ASAT Holdings Limited Director Current
Philips Semiconductor Senior Vice President of Manufacturing Former
Ramtron International Corporation Senior Vice President of Manufacturing Former
N-Able Group Associate Consultant Former
University of Kentucky Ph.D. In Physical Chemistry Former

John Drewery works for Neah under the Collaboration Agreement with Novellus Systems Inc. (Nasdaq:NVLS), a leading manufacturer of semiconductor capital equipment and an investor in Neah. He is a Director of Technology at Novellus. Dr. Drewery specializes in leading rapid development of groundbreaking technologies and has 25 years of experience in the fields of solid-state physics, metals deposition technology, and semiconductor processing. Before coming on board at Neah Power, Dr. Drewery was in charge of advanced metals processing development at Novellus. Before joining Novellus, he invented and developed ground-breaking metal deposition technologies at Tokyo Electron, Ltd. and at Varian Associates. From 1989 to 1995, Dr. Drewery was a Staff Scientist at Lawrence Berkeley National Laboratory. Dr. Drewery received his Ph.D. in solid state physics from the University of Cambridge (Cavendish Physics Laboratory) in 1986.

Organization Position Status
Novellus Systems, Inc. Director of Technology Current
Lawrence Berkeley National Laboratory Staff Scientist Former
University of Cambridge Ph.D. In Solid State Physics Former

Organization Position Status
Novellus Systems, Inc. Technology Manager at Novellus' Pecvd Business Current

Don, his wife Pat, and his two sons moved to Liberty Run two years ago from Kissimmee Florida. Don is currently employed by Novellus Systems and Pat is a part-time florist.

Organization Position Status
Novellus Systems, Inc. Current
Liberty Run Homeowners Association Treasurer Current

Organization Position Status
Smartsilver Vice President, Global Sales and Marketing Current
Nanohorizons, Inc. Vice President, Research Current
Novellus Systems, Inc. Current
University of California, Berkeley Ph.D. In Chemistry Former
The Pennsylvania State University B.S. With Honors Former

D. James Guzy served as a member of our Board of Directors from June 2000 through May 2005. Since 1969, he has served as President of the Arbor Company, a limited partnership involved in the electronics and computer industry. Mr. Guzy is a director of PLX Technology, Inc., Intel Corporation, Cirrus Logic, Inc., Davis Selected Group of Mutual Funds and Alliance Capital Management Technology Fund. Mr. Guzy received a B.S. from the University of Minnesota and an M.S. from Stanford University. All directors hold office until our next annual meeting of the stockholders and until their successors have been duly elected or qualified. There are no family relationships between any of our directors or executive officers.

Organization Position Status
Arbor, Inc. President Current
Src Computers, Inc. Co-Founder, Chairman of the Board Current
Arbor, Inc. Chairman Current
PLX Technology, Inc. Chairman of the Board Current
LogicVision, Inc. Board of Directors Current
PLX Technology, Inc. Director Current
Inapac Technology, Inc. Director Current
Micro Component Technology Inc. Director Current
Cirrus Logic, Inc. Director Current
Tessera Technologies, Inc. Director Current
Novellus Systems, Inc. Director Current
Src Computers, Inc. Director Former
Intel Corporation Board of Directors Former
Stanford University M.S. Former
University of Minnesota B.S. Former

Organization Position Status
Novellus Systems, Inc. Board of Directors Current
Texas A&M University Bachelor of Science Degree In Electrical Engineering Former

Organization Position Status
Novellus Systems, Inc. Board of Directors Current
McMaster University Bachelor of Engineering Degree Former

Organization Position Status
Novellus Systems, Inc. Board of Directors Current

Mr. Bonke has served as a director of our company since 1995. Mr. Bonke has been a private investor for the past six years and is the retired chairman of the board and chief executive officer of Electroglas, Inc., a semiconductor equipment manufacturer. He also serves on the Board of Directors of Novellus Systems, Inc., a semiconductor equipment company. He is a past director of San Jose State University Foundation.

Organization Position Status
Sanmina-SCI Corporation Board of Directors Current
Novellus Systems, Inc. Board of Directors Current
Electroglas Inc. Investor Former
Clarkson University Bachelor of Science Degree In Engineering and Technical Marketing Former

Dr. Spivey has been a director of ADC since September 2004. Dr. Spivey most recently served as President and Chief Executive Officer of Luminent, Inc., a fiber optics transmission products manufacturer, from July 2000 to November 2001. From 1997 to 2000, Dr. Spivey served as Network Products Group President for Lucent Technologies. He also served as Vice President of the Systems & Components Group at AT&T Corporation/Lucent Technologies from 1994 to 1997. Dr. Spivey also serves on the Boards of Directors of Novellus Systems, Inc., Raytheon Company, The Laird Group, PLC and Cascade Microtech, Inc.

Organization Position Status
ADC Telecommunications, Inc. Board of Directors Current
Novellus Systems, Inc. Director Current
Cascade Microtech Inc. Board of Directors Current
Raytheon Company Board of Directors Current
The Laird Group plc Board of Directors Current
Tektronix, Inc. President, Tektronix Development Company Former
AT&T Inc. Vice President, Systems & Components Group Former
The Office of The President Board of Directors Former
Advanced Design Consulting USA, Inc Director Former
Indiana University of Pennsylvania Masters Degree In Physics Former
Indiana University MS In Physics Former
Duquesne University BS In Physics Former

Organization Position Status
Intermolecular, Inc Board of Directors Current
Novellus Systems, Inc. Board of Directors Current
Waseda University Professor of the Material Sciences and Engineering Department Former
Qimonda AG Board of Directors Former
University of Tokyo Ph.D. In Electronics Engineering Former
University of Tokyo B.S. Degree In Materials Science Former
Waseda University Bachelor of Science Degree In Metallurgy Former

Dr. Youssef A. El-Mansy Retired, Formerly Corporate Vice President Intel Corp. Compensation and Stock Option Committee Director Since: 2004

Organization Position Status
Zygo Corporation Board of Directors Current
Novellus Systems, Inc. Board of Directors Current
Carleton University Ph.D. In Electronics Former
Alexandria University Masters Degrees In Electronics and Communications Former
Carleton University Bachelor of Science Former
Alexandria University Bachelor of Science Former

George Kern brings over 28 years of operations and manufacturing experience to Advent Solar Inc. He has held the positions of VP Operations at Monolithic Memories, VP Wafer Operations at AMD, President of Novellus Systems, CEO of I-Cube Inc and Sr VP of Operations for Read-Rite Inc. Most recently he held the position of Director of World Wide Operations for Hitachi Global Storage Technology a leading supplier of hard disk drives. He has been a member of the board of directors of several high technology companies including Novellus Systems, Plasma and Materials Technology, ASET, Domain Technology and I-Cube. George spent over 17 years at Monolithic Memories where he was responsible for constructing and operating wafer fabrication facilities in California, test and assembly facilities in Malaysia and Japan. He was also responsible for wafer process, packaging and test development In his role at Read-Rite, he spent three years in Asia managing high volume factories in Malaysia, the Philippines and Thailand with over 9,000 employees, he also managed a wafer fabrication facility in California. At Hitachi, George was responsible for magnetic recording head development and manufacturing facilities in California, Mexico and China. George holds a Bachelor of Science in Economics and Mathematics from the University of Santa Clara.

Organization Position Status
Advent Solar, Inc. Vice President, Chief Operating Officer Current
Novellus Systems, Inc. Member Current
Plasma.Com Member Current
Domain Technology Member Current
The-Sr Incorporated CEO Former
Hitachi, Ltd. Former
Read-Rite Corporation Former
University of Santa Clara Bachelor of Science In Economics and Mathematics Former

Executive News

  • Novellus reports improving demand

    CNBC - 9/04/09 - View Story

  • Analyst: Freescale to sell 3G IP to Chinese firm

    Electronics Supply & Manufacturing - 9/04/09 - View Story

  • Commentary: Browns 10, Bears 3

    Chicago Tribune - 9/03/09 - View Story

  • Bears-Browns observations

    Chicago Tribune - 9/03/09 - View Story

  • Novellus (NVLS) Raises Q3, Q4 Outlooks

    Street Insider - 9/03/09 - View Story

  • Novellus Narrows 3Q View To Loss 9 Cents/Share To Break-Even

    Morningstar.com - 9/03/09 - View Story

  • After-Hours Movers 9/3: NVLS, ESL, LMNX Higher; ZQK, ULTA, ARST, COO Lower

    Street Insider - 9/03/09 - View Story

  • Connecting some Bears dots

    Chicago Tribune - 8/24/09 - View Story

  • On Bears, Bulls, and the cesspool that is the NCAA

    Chicago Tribune - 8/21/09 - View Story

  • Virage Logic to buy ARC International

    Electronics Supply & Manufacturing - 8/20/09 - View Story

  • The good, bad and the Sox

    Chicago Tribune - 8/18/09 - View Story

  • Novellus, UAlbany enter $20M partnership

    The Business Review (Albany) - 7/13/09 - View Story

  • Novellus Systems and UAlbany NanoCollege Launch $20 Million Nanoelectronics R&D Partnership

    PR Newswire - 7/13/09 - View Story

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     NVLS $24.23 +0.12 (0.50% )
Average Volume 3,293,350
Shares Outstanding 97.00M
Market Cap 2.4B
Year High 24.33
Year Low 11.43
Earnings Per Share -2.58
P/E Ratio -9.39
Dividend N/A
Yield N/A
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