SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Asyst Technologies (ASYT) Good Value/Where is the Bottom?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: SemiBull who wrote (2195)3/16/2004 10:43:58 AM
From: Proud_Infidel   of 2313
 
I hope a year from now we can look back and laugh at Fitzgerald's predictions. I am amazed that the market still takes this guy so seriously when he has been so terribly wrong for the past year. ASYT is down 6% while the rest of the sector is up. People still listen to analysts, even very bad analysts, no matter how poor their track record is. Pathetic.

Brian

Asyst shares fall after analyst cuts price target
Tuesday March 16, 10:25 am ET

SAN FRANCISCO, March 16 (Reuters) - Asyst Technologies Inc. (NasdaqNM:ASYT - News) shares fell nearly 7 percent on Tuesday after Banc of America Securities (News - Websites) cut its stock price target on the maker of equipment used to automate the manufacture of computer chips.

Analyst Mark FitzGerald wrote in a research note that Asyst was unlikely to meet its goal of gross profit margins above 40 percent. He cut his target stock price to $7.32 from $10.

Asyst shares declined 61 cents, or 6.8 percent, to $8.38 in morning trading on Nasdaq. Semiconductor shares as a whole rose on average by about 1.5 percent on the Philadelphia Stock Exchange semiconductor index. (Philadelphia:^SOXX - News)

"We are less optimistic about the margin expansion story than management," FitzGerald wrote in a note to clients. "We think, at best, the ASYT business model will deliver 33 percent gross margins" versus the 40 percent or higher target of the company.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News