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Strategies & Market Trends : The Amateur Traders Corner
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To: cblranch who wrote (9716)5/23/2001 7:57:49 AM
From: Tom Hua  Read Replies (1) of 19633
 
Brad, Merrill Lynch downgrades CCMP to Neutral this morning. Last quarter, sales were weakest in March and since they have remained flat since March, I expect a 40 to 50% sequential decline in top line for the June quarter.

07:58 ET Cabot Micro (CCMP) 76.31: Merrill Lynch lowers near-term rating to NEUTRAL from Accumulate; believe sales have remained flat sequentially since March, with Taiwan foundries being particularly weak; reduces JunQ est. to $0.30 from $0.35.

Regards,

Tom
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