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

To: Proud_Infidel who wrote (17697)	8/6/2004 12:53:31 PM
From: Donald Wennerstrom	Respond to of 95645

Here are three JagNotes on ASYT published yesterday. <<Piper Jaffray & Co. ASYT: Reit Underperform - Management guidance calls for F2Q05 revenue of $145-$155 million. Gross margins were guided at 21% to 22%, down from 23.3% in F1Q05, due to mix shift to 300mm and FPD businesses, which have lower margins.>> <<Deutsche Bank Securities Inc. ASYT: Reit Hold - We are lowering our F2005 and peak EPS estimates from $0.55 and $0.64, to $0.38 and $0.58, on almost unchanged revenue estimates, due to near term margin degradation. We maintain our Hold rating and $6 price target or ~10x our peak EPS estimate of $0.58.>> <<Lehman Brothers Inc. ASYT: Reit 2-Equal Weight - During fiscal Q1 Asyst posted weaker than originally anticipated results, as delayed recognition of $15 million in flat panel AMHS revenue and a mix shift from 200mm to 300mm core tool/fab automation products affected operating results. While the company is encouraged about the overall demand outlook, improvement in bottom line results may come slowly. We continue to maintain our 2-Equal weight rating on the shares.>>