Updated Automation Stocks and Briefing.com Updates:
Automation Stocks:
ADTK ASYS ASYT AXYS BRKS NEWP PRIA ROBV ZIGO
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Briefing.com: 8:54AM Celestica misses quarter (CLS) 34.15: Reports Q1 net of $0.26 a share, $0.02 worse than consensus, vs yr-ago EPS of $0.39. Revenues fell 20% to $2.152 bln (consensus $2.283 bln). For Q2, co sees EPS of $0.25-$0.31 on revs of $2.1-$2.4 bln (consensus estimates $0.31 and $2.436 bln).
8:54AM Motorola maintains Q2 earnings guidance (MOT) 15.00: -- Update -- On call, says it expects to report a loss of $0.04 per share, ex-special items, in Q2, which is in line with the consensus estimate; Q2 sales projected to be in range of $6.3-6.4 bln (Multex consensus is $6.48 bln)... for full-year, says it still expects 5-10% sales decline, but believes EPS of $0.04 (consensus $0.00) is achievable given cost reduction efforts from last year, a furthering of those efforts this year, and improved gross margins in its handset and semiconductor businesses.
8:45AM Asyst Tech upgraded at AHH (ASYT) 20.00: Adams, Harkness & Hill upgrades to BUY from Mkt Perform based on the view that the co's JV with Shinko Electric substantially improves ASYT's position in the 300mm automated material handling system mkt; raises price target to $26 from $17.
8:40AM Motorola expects sequential improvement in broadband (MOT) 15.00: -- Update -- On call, says it expects modest sequential revenue and profit increases throughout 2002 in broadband segment
8:37AM Retek matches EPS consensus (RETK) 27.05: Posts Q1 net of $0.08 a share, in line with consensus, vs a yr-ago loss of $0.03. Rev rose 44.6% to $53.55 mln (consensus $55.39 mln). Co raises the lower end of its 2002 revenue guidance and now expects revs of $250-$270 mln (consensus $250.4 mln).
7:44AM Benchmark Elec beats consensus; raises guidance (BHE) 28.70: Reports Q1 earnings of $0.26 per share, $0.04 better than the Multex consensus. Sales increased 22% to $329.2 mln. For Q2, co sees EPS of $0.25-$0.28 (consensus $0.22).
8:28AM Motorola expects PCS sales to be up in Q2 (MOT) 15.00: -- Update -- On call, says it expects Q2 sales for PCS to be up sequentially and yr/yr, and expects higher operating earnings as a percentage of sales in Q2 versus the yr-ago period.... separately, continues to expect semiconductor industry sales growth of 5-10% in 2002
8:24AM Motorola maintains industry handset guidance (MOT) 15.00: -- Update -- On call, says it believes the bulk of excess industry inventory it talked about at start of 2002 has been worked off; estimates that MOT stock in channel came down at a faster rate than industry... maintains prior expectation (communicated in Jan.) that industry should ship approx. 420 mln handset units in 2002
8:22AM QLogic technology to be integrated with Cisco storage products (QLGC) 49.93: Enters technology alliance with Cisco Systems (CSCO), which will include agreements to integrate QLogic technology and components into Cisco systems storage networking products, marketing of solutions, and joint interoperability testing.
8:18AM Photronics estimates, price target upped at UBS (PLAB) 34.62: UBS Warburg estimates that global photomask revenues will grow by 18% in CY03, up from their prior est of 10%. Raises PLAB's CY03 est to $1.35 from $1.17 (above consensus of $1.17) and raises rev est to$517 mln from $485 mln; raises price target to $41 from $35.
8:16AM ATMI beats by four cents (ATMI) 35.88: Reports Q1 (Mar) loss of $0.09 per share, $0.04 better than the Multex consensus of ($0.13); revenues fell 37.4% year/year to $48.4 mln vs the $42.3 mln consensus. Company says it's clear semi industry has turned the corner; cites strong activity in Taiwan, and positive momentum at select US/Korean manufacturers; believes it can reach profitability by year-end.
7:44AM Benchmark Elec beats consensus; raises guidance (BHE) 28.70: Reports Q1 earnings of $0.26 per share, $0.04 better than the Multex consensus. Sales increased 22% to $329.2 mln. For Q2, co sees EPS of $0.25-$0.28 (consensus $0.22).
7:16AM Motorola upgraded by Lehman (MOT) 15.00: Lehman upgrades to BUY from Mkt Perform with an $18-19 target; citing improvements in MOT's margins and orders outlook; believes estimates will edge upwards after this morning's conference call.
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