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


To: Donald Wennerstrom who wrote (17695)8/6/2004 12:35:08 PM
From: Donald Wennerstrom  Read Replies (1) | Respond to of 95641
 
Asyst Technologies downgraded to "market perform"

<<Friday, August 06, 2004 3:52:06 AM ET
Adams Harkness & Hill

NEW YORK, August 6 (New Ratings) - Analyst Avinash Kant of Adams Harkness & Hill downgrades Asyst Technologies (ASYT.NAS) from "buy" to "market perform," while reducing his estimates for the company. The target price has been reduced from $12 to $8.

In a research note published yesterday, the analyst mentions that the company reported disappointing F1Q05 results due to weak AMHS bookings. While Asyst Technologies' revenues are expected to improve during the current quarter, the company's margins are likely to remain under pressure due to the higher mix of low-margin products, the analyst says. The EPS estimates for CY04 and CY05 have been reduced from $0.10 to $0.04 and from $0.60 to $0.40, respectively.>>