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To: Proud_Infidel who wrote (840)9/13/2005 10:18:41 AM
From: Proud_Infidel  Read Replies (1) | Respond to of 1138
 
Brooks Automation Seen Slow In Gaining Market Share
David Ng, 09.13.05, 10:05 AM ET

Piper Jaffray downgraded Brooks Automation (nasdaq: BRKS - news - people ) to "marketperform" from "outperform" and lowered the target price to $15 from $18.

"The company should perform with the overall market in the near term," Piper said. "We still think that the company could gain share longer term, but it is at least six months to a year out."

The research firm said that Brooks' software market share continues to be strongest in the 200mm arena, and that share gains in 300mm are slow in coming.

"We do not believe that Brooks is gaining much traction outside of semiconductors and flat-panel displays," Piper said, adding that share gains in the OEM division are also slow in coming.

For fiscal 2006, the research firm slashed the earnings-per-share estimate on Brooks to 14 cents from 73 cents.

Elsewhere in the sector, Piper upgraded Asyst Technologies (nasdaq: ASYT - news - people ) to "outperform" from "marketperform" and raised the target price to $8 from $6. The research firm cited better margins ahead and likely market-share gains, as well as growing confidence in management's ability to deliver.