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Cramer’s One-on-One with Novellus’ CEO

Tuesday, 12 Jul 2011 | 6:40 PM ET
Novellus CEO Speaks to Cramer
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.

It’s the wrong time to own tech and you can look no further than semiconductor equipment manufacturer Novellus Systems for proof, Cramer said Tuesday.

(Slideshow—Cramer: Buy This, Not That)

The stock a beating after the company gave disappointing guidance Monday after the bell. But Cramer said that doesn’t mean home gamers should totally count out NVLS down the road.

While Novellus just had a giant pullback and its next quarter isn’t looking good, Cramer thinks things should get better later this year or in 2012.

To find out more about how the company is doing and what its long-term story is, Cramer spoke with Chairman and CEO Rick Hill. To see the full interview, watch the video.

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