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

To: Gottfried who wrote (4322)	7/26/2002 9:25:52 AM
From: The Ox	Respond to of 95390

Brooks-PRI to restate Q1, Q2 revenue lower --6:59am - By Tomi Kilgore Brooks-PRI Automation (BRKS) said it would restate its fiscal first and second quarter revenue downward by a total of $4.5 million due to the cancellation of a customer fab and the renegotiation of a related long-term contract. Separately, the chip equipment maker reported fiscal third-quarter losses, before non-recurring items that were narrower than consensus analyst expectations, and said it had implemented a workforce reduction of 350 people following the acquisition of PRI. Net losses for the quarter ending June were $24.2 million, or 89 cents a share, versus a profit of 3 cents a share in the same period a year ago. Excluding restructuring and acquisition-related charges and the amortization of intangible assets, the loss for the quarter was 45 cents a share, versus the average analyst estimate compiled by Thomson Financial/First Call of a loss of 57 cents. Revenue fell 17 percent to $85.8 million, but was above analyst expectations of $79.5 million. The stock closed Thursday down $1.25 at $14.98.

To: Gottfried who wrote (4322)	7/26/2002 9:28:17 AM
From: Kirk ©	Read Replies (1) \| Respond to of 95390

I heard this mentioned on CNBC so I wrote this: suite101.com Exerpt: I'm glad I added to my positions yesterday. I might have caught a bottom for once with my price targets! Time will tell but this is great news and just what I expected. You see, I believe the major brokerages were out of the chip equipment sector and it got away from them so they have been hammering it with a concerted barrage of downgrades and discussions of short term "problems" where they always kept their LONG TERM outlook bright. I thought this "correction" which was over 50% in some stocks was engineered by the brokerages and major players. Now, lets see if this turns the sector again as most of the stocks have hit my low target levels. I and others don't put many posts there so it is a good idea to subscribe with this link suite101.com so you get an email when a new post is put there. My idea is to put just the most important news there that I get from many of the discussions here.