Mad Money host Jim Cramer lauds Novellus Systems CEO Richard Hill for his performance.
CNBC'S Bertha Coombs reports failed solar company, Solyndra is under grand jury investigation; Lam Research will buy Novellus Systems in a $3.3B deal; and China threatens to impose stiff tariffs on cars made in the USA.
Mad Money host Jim Cramer says the vast majority of buybacks don't work, but points out two examples where they actually did work: Novellus and AutoZone.
Cramer says, Novellus is a company that's an integral part of the tech food chain, and is one of the most shareholder friendly companies in the tech space. Discussing the company's prospects, and the semiconductor industry, with Rick Hill, Novellus Systems CEO.
Novellus is an integral part of the semiconductor food chain, but they are often at the mercy of capital equipment spending from their customers, with Mad Money host Jim Cramer, and Rick Hill, chairman and CEO of Novellus Systems.