Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Asyst Technologies (ASYT) Good Value/Where is the Bottom? -- Ignore unavailable to you. Want to Upgrade?

To: SemiBull who wrote (2158)	4/2/2003 7:25:56 PM
From: SemiBull	Respond to of 2313

Asyst stock plummets after revenue warning Wednesday April 2, 10:27 am ET NEW YORK, April 2 (Reuters) - Shares of Asyst Technologies Inc. (NasdaqNM:ASYT - News), a maker of semiconductor production equipment, fell as much as 19 percent in morning trade on Wednesday, after it said quarterly revenue would be sharply below its prior expectations. Bank of America Securities microchip production equipment analyst Mark FitzGerald slashed his price target on Asyst shares to $5.00 from $8.50. The stock fell 97 cents, or 19.2 percent, to $4.08 on Nasdaq in morning trade, where it was among the largest percentage losers. Asyst is based in Fremont, California.