Cascade Microtech Recent IPO as of 12/14/2004 Message Board

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Technology Stocks : Cascade Microtech Recent IPO as of 12/14/2004

CSCD 21.86

0.0%

Jul 5 5:00 PM EST

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To: robert b furman who wrote (53)	1/11/2006 9:11:50 AM
From: jad	of 71

from lehman Br: Cascade Microtech 1-Overweight / $ 13.47 Cascade Negative Pre-announcement Sector: 1-Positive ???Cascade negatively pre-announced fourth quarter results after market close due to revenue shortfall in the Engineering Probe Divison (EPD). While EPD revenues tend to be lumpy, we expect outlook for the advanced probe card segment to remain strong and would view any significant weakness as a buying opportunity. We maintain our 1-Overweight rating. ???Cascade lowered 4Q revenue/EPS guidance from $18.8-20M/$0.15-$0.20 to $17.7M/$0.11 respectively. Revenue shortfall was due to delays in orders/shipments to Japanese customers in the Engineering Probe Division. Customer specific planning issues caused the delays. ???Cascade saw strong sequential revenue growth in the production probe card segment. The company also saw strong bookings in the quarter and gew backlog. ???We have lowered our 4Q rev/EPS estimates to reflect the revised guidance. We have lowered our 2006 rev/EPS estimates from $91M/$1.00 to $86M/$0.90.

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