Replies to post #264321 on Zeev's Turnips Patch-No Politics (ZEEV)

[otraque]

Thanks,zeev--i will search to find out what are they thinking?:)

[marketmaven]

CCMP will go to $23- Even Piper doesn't like it !!
Added to my short position this morning at $30.52

Investment Conclusion: Cabot is the dominant supplier of slurries used for polishing semiconductors. We see CMP slurries as a growth industry because of the increasing number of semiconductors that should use CMP. However, the near term uncertainty of copper slurry revenues causes us to rate the shares Hold. Summary: - Cabot Microelectronics reported 2Q04 EPS of $0.39 on revenues of $73.5 million. Revenues declined sequentially by 3.6% and were 4.5% below our $77 million estimate. Gross margin came in at 49.2% and was below our 50% estimate but was within the company's traditional guidance of 50% plus or minus two points. However, going forward the company changed that guidance to 48% plus or minus two points. The company is seeing pricing pressure from competition. - Overall copper slurry revenues were down 2.6%, tungsten and oxide slurry revenues were down 4.3% and data storage revenues were down 5.2%. The company indicated that its pad sales through VAR's to a number of customers was disappointing and called into question its VAR strategy as a long term profit center.