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

To: auriculatus who wrote (31690)	7/21/2006 11:24:54 AM
From: sixty2nds	Respond to of 95738

08:03 WFR MEMC Elec: FBR remains comfortable with their below consensus CY06 revenue/operating EPS estimates (31.49 ) Friedman Billings says that given SPWR's higher-than- industry-average module ASPs, due to more efficient cells, and its ASP commentary, they believe their WFR solar model is valid, and, in fact, may be aggressive if one assumes that module prices will decline in 2007. Firm says this implies that their 2007 revenue estimate of $1,761 mln (for WFR) is the best-case scenario. Their checks also suggest "pockets" of raw semi wafer inventories, which, combined with lower than expected 3Q06 foundry wafer starts, imply the raw semi wafer supply/demand environment is not as tight as the bulls argue -- thus, they think the raw wafer ASP increase could be limited. Firm says they remain comfortable with their below consensus CY06 revenue/operating EPS estimates of $1,432M/$1.54, compared to the consensus of $1,490M/$1.73, and find it "unrealistic" to expect a significant upside to 2007 estimates.