<I am in the semi equipment industry. IHMO the analysts are expecting a recovery much quicker than it is happening. >
KULICKE & SOFFA is reporting a pretty good quarter this morning, a 3 cent loss vs estimate of 8 cent loss, but more important they are saying bookings are up.
''We are pleased with the continued strength in bookings during the quarter and believe we have entered a cyclical recovery,'' said C. Scott Kulicke, chairman and chief executive officer of K&S. ''Our packaging materials business continued to perform well, achieving record operating profit for the quarter, and after four quarters of losses the equipment business returned to profitability. We expect both businesses to continue their strong improvement in the fourth quarter.''
biz.yahoo.com
Certainly, this is not going to pull ESI out if it's sleep, but it can't hurt. I've been very disappointed to see every Semi Equipment company post great stock gains while ESIO trades 30K shares a day, up 1/8. Then, when there is a pull back, they take it hard. Oh well.
A little news from the PR department couldn't hurt if you guys are reading this.
Regards,
Mark
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