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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Return to Sender who wrote (759)	7/2/2001 11:49:08 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95632

Electroglas sees Q2 revenues below forecast biz.yahoo.com SAN JOSE, Calif., July 2 (Reuters) - Semiconductor equipment maker Electroglas Inc. said on Monday that second-quarter revenues will be as much as 27 percent below its earlier forecast due to the continuing slump in the chip industry. San Jose, Calif.-based Electroglas (NasdaqNM:EGLS - news) now sees second-quarter revenue of $22 million to $24 million, down from its earlier guidance of $26 million to $30 million that it gave on its first-quarter earnings conference call on April 19. Electroglas makes wafer probing equipment that tests and monitors the quality of chips during production. Shares of Electroglas fell 15 cents to $17.55 on Monday before the sales warning. The stock is down 33 percent from a 52-week high of 26 reached July 12, 2000, though up from a year low of $12.50.