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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 686.10-0.5%4:00 PM EST

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To: Logain Ablar who wrote (40896)4/1/2004 11:16:25 AM
From: Johnny Canuck  Read Replies (1) of 70433
 
08:47 CCMP Cabot Micro estimate cut below consensus at CIBC (42.13 )

CIBC cuts their 2004 EPS est below consensus, initiates a 2005 est below consensus, and cuts their target to $54 from $70; firm says data storage is still soft, and field checks suggest lower Q1 volume pull for semi consumables (including CMP slurries) on maintenance-related fab shutdowns in Feb; also, mix may also disappoint on soft pull from CMP-intensive MPU customers digesting notebook channel inventories; firm's new 2004 est is $1.86 (consensus $1.98), and their new 2005 est is $2.11 (consensus $2.50). Maintains Sector Perform rating.
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