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Novellus Systems, Inc. (NASDAQ:NVLS) has announced after the close that it will be acquired by LAM Research for $3.3 billion or $44 a share. Stockdiagnostics upgraded NVLS to the highest ranking of a "1" on August 10,2010, after the company reported 2nd Quarter financials for the period ending June 30,2010.  NVLS shares will be $18 higher, or 70% from the time of the upgrade 16 months ago.

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