The wait goes on at Ultratech (UTEK),
and it's not a particularly pleasant one for investors (nor, I imagine,
the company's executives and employees). Management noted increased
quoting activity for LSA systems and continues to expect orders and
shipments to materialize soon, but investors are left in a frustrating
grey zone wondering when foundries will make their orders and how the
annealing market will shake out between Applied Materials (AMAT), Ultratech, DNS (OTC:DINRY), and Mattson (MTSN).
Ultratech's
first quarter results do offer a reminder that the company has other
credible business lines, including advanced packaging and tools for high
brightness LED manufacturing, but it is the ramp in laser spike
annealing tools that will make or break the stock in the near term.
Ultratech could still trade into the $30s from here, and investors are
now only a quarter or two away on better visibility into this next round
of annealing tool orders.
Follow the link to read more:
For Ultratech The Story Remains 'Ready, Set... Wait!'
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