Hope you did not get stopped out; this headline caught my attention.
However unless I missed it it was not even discussed during CC;
they quoted 3 customers:
Intel, Samsung and Taiwan causing the downward revision; however they were pretty confident about Q4 though nobody is predicting hockey stick like recovery.
Jbne
Rudolph Tech cut at Piper, slow adoption of copper cited
By Aude Lagorce
Last Update: 5:41 AM ET Aug 7, 2007
LONDON (MarketWatch) -- Piper Jaffray cut Rudolph Techonologies (RTEC :
RTEC
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RTEC, , ) , a provider of access control equipment for thin film measurements, to market perform from outperform and lowered its price target to $14 from $18.50, saying that the semicap environment is weaker than expected in the second half of 2007 and the memory industry is not adopting copper quickly enough to offset that weakness. The broker added that while Rudolph is executing on its new products, those products will not gain traction until 2008. While Piper said it continues to believe the company is well positioned on copper metrology, it based its downgrade on lower guidance and minimal visibility on semi spending cycles. End of Story |
