Helix Technology, a cold play on semiconductor equipment Message Board

STOCKTALK

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 : Helix Technology, a cold play on semiconductor equipment

HELX 35.15

+0.1%

Nov 4 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: mopgcw	10/12/2004 12:22:49 AM
	Read Replies (1) of 1227

GS US SEMI EQUIP: TEL ORDER MISS IMPLIES AMAT CQ3 ORDERS -15% Q-Q VS. +5% GUID. Tokyo Electron, the 2nd largest equipment-maker behind Applied, negatively preannounced its CQ3 orders. Total orders (including semi equip & LCD) were -24% q-q with semi equip orders down about 10% q-q and LCD orders down about 80% q-q. We believe that TEL's announcement has significant negative implications for AMAT, which also competes in the LCD equipment market. Based on the weakness that TEL highlighted in both the semi equip and LCD businesses, we now believe that AMAT's Oct-qtr (CQ3) orders could be -15% q- q vs. +5% q-q guidance and flattish Street expectations. We do not believe there is revenue/earnings risk in CQ3 due to SAB-101, which allows AMAT to recognize sales on systems previously shipped when business was more robust. The negative news from TEL is an important first implication of a significantly weaker-than-expected front-end order environment. We believe that either the magnitude or the duration of the current downturn is likely to surprise investors and drive the stocks to cycle lows. AMAT is rated IL/N. I, Jim Covello, hereby certify that all of the views expressed

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next