Edited at 7:50PM to include ASYT presentation details...
In a blatant attempt to grub post # 800, the URL for the complete story is:
smithbarneyresearch.com
and here's part of what ASYT had to say...
ASYT (3H, Price Target-$23, Price - $32.19)
Key Highlights
1. Comfortable with mid $30M revenues and consensus est. of $0.01 for
2Q00 (Sept)
2. Company expects 20% plus growth in sales over next several quarters
Presentation Details
1. Asyst strategy is focused toward providing solutions by integrating
five areas: 1) isolation, 2) material management, 3) robotics, 4)
transport and 5) software
2. Growth is expected to be driven by new 200mm fabs, fab upgrades, and
200mm expansions in the near term.
3. Company expects 95% of 300mm fabs to adopt isolation/automation
technology. However, we note that 70%-80% of the new 200 mm fab
expansions adopt SMIF already.
4. Asyst believes there is a $24M fab opportunity for its products
consisting of $15M for I/O robotics, $5M for SMIFs, $2M for Auto ID, and
$2M for software
5. No revenues are expected for PAT for 18 months.
++++++++++
for those who haven't followed the saga, PAT is Palo Alto Technologies, the former Asyst Automation that they wrote off, gave to their CEO, then bought back from him last month giving him a tidy profit, presumably for doing what he should have done as CEO of ASYT.
It attempted to compete with PRIA, got thrown out of Siemens a few years ago, and hasn't been heard from until last month. |
