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 : Cascade Microtech Recent IPO as of 12/14/2004 -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (21)	4/28/2005 9:13:50 AM
From: jad	Read Replies (1) \| Respond to of 71

Cascade Microtech 1-Overweight / 9.80 (USD) Better Than Expected Q1 EPS Sector: 1-Positive _ Cascade's strong Q1 performance is the result of robust investment in advanced process technology by chipmakers, and continued acceptance of advanced probe cards by logic manufacturers. We continue to rate the shares 1 - Overweight. _ Q1 EPS were $0.21, well above guidance of $0.10 to $0.14, and our estimate of $0.14. Revenues of $18.7 mill. exceeded our $17.5 mill. estimate, and the gross margin rose sharply. _ Engineering probe stations did better than expected, growing 31% year-to-year, while logic probe card revenues were as expected (up more than 80% year-to-year). _ Guidance calls for lower Q2 results, due to more conservative assumptions on the amount of business booked and shipped in the same quarter, and on product mix (which affects the gross margin). _ We are raising our 2005 EPS estimate to $0.80 from $0.73, and maintaining our 2006 EPS estimate of $1.00. _ It is our view that there is upside potential to our estimates for Cascade in an industry recovery fr lehman br