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: robert b furman who wrote (54298)	10/20/2011 12:20:08 PM
From: Donald Wennerstrom	2 Recommendations Read Replies (2) \| Respond to of 95531

Hi Bob, Demand seems to be down in many companies. We are going through another "rough patch". Needham is the only company providing analyst service for COHU. This has been the case for a long long time. Anyway, they have come out today with the following downgrade from Buy to Hold. <<COHU (COHU) POSTS Q3. NEEDHAM DOWNGRADES TO HOLD FROM BUY 9:16 AM ET 10/20/11 \| S&P Marketscope Analyst Vernon Essi tells salesforce $71.8M Q3 revenue just above consensus, his $71M estimate with EPS of $0.17 (pro-forma tax rate of 15%) just above his $0.15. Notes $65M Q4 revenue guidance, with co. citing low utilization rates in industry, cautionary capital spending by semiconductor cos. Says 0.85 corp. book/bill with backlog of $74.5M down significantly Q/Q. Says despite positives, handler orders are slowing, expectations remain depressed for foreseeable future. Cuts $316M/$1.03 '11 revenue/EPS estimates to $307M/$0.96, $319M/$1.40 '12 to $303M/$1.05.