Azenta Message Board - Msg: 21013335

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Technology Stocks : Azenta

AZTA 29.35

-0.7%

3:59 PM EST

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To: BMcV who wrote (806)	2/3/2005 1:07:22 PM
From: Proud_Infidel	of 1138

Brooks Automation Hurt By Weaker OEM Shipments 02.02.05, 3:06 PM ET Prudential Equity Group lowered earnings estimates for Brooks Automation (nasdaq: BRKS - news - people ) after the chip equipment firm reported first-quarter earnings below expectations. "With order levels at the primary equipment suppliers down in the first quarter, we still see risk in the growth of the OEM [original equipment manufacturer] tool automation sector in the near term," Prudential said. Brooks reported first-quarter sales of $117.98 million and operating earnings of 7 cents per share, compared with Prudential's estimates for sales of $126 million and earnings of 16 cents per share. "Brooks is particularly hit hard because OEM business contributes 59% of sales," the research firm said. "We expect that the OEM shipments will continue to deteriorate in next two to three quarters reflecting the weakening demand of semiconductor manufacturing equipment amidst an inventory and capacity digestion by chipmakers." The firm lowered its 2005 earnings-per-share estimate for "underweight"-rated Brooks to 77 cents from $1.07. Prudential said that if Brooks gained traction at Applied Materials (nasdaq: AMAT - news - people ), shares could outperform.

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