Tuesday, April 8, 2014

Seeking Alpha: Cascade Microtech Still Waiting On The Semi Rebound

The last six months have not been easy ones for small-cap semiconductor equipment and product companies. Those with exposure to LED, solar, or other non-semiconductor markets like Advanced Energy Industries or Veeco have done alright, but it has been a more challenging run for the likes of Mattson (MTSN), FormFactor (FORM), and Cascade Microtech (CSCD).

I'm still relatively bullish on Cascade, though. True, order and activity levels have not picked up as much as projects back six months ago, but Cascade is still leveraged to the increasing sophistication of chip production, as new process nodes, materials, structures, and wafer geometries will all require the company's probe cards. What's more, management has launched new tools like the CM300 and APS200 and acquired new capabilities that should make it more competitive in the wafer probe markets for advanced logic and SoCs.

Read more here:
Cascade Microtech Still Waiting On The Semi Rebound

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