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Zacks Analyst Blog Highlights: UBS, BlackRock, Electroglas, Amkor Technology and Broadcom

CHICAGO, Jun 24, 2008 (BUSINESS WIRE) -- Zacks.com announces the list of stocks featured in the Analyst
Blog. Every day the Zacks Equity Research analysts discuss the latest
news and events impacting stocks and the financial markets. Stocks
recently featured in the blog include: UBS AG (NYSE: UBS), BlackRock
(NYSE: BLK), Electroglas, Inc. (Nasdaq: EGLS), Amkor Technology, Inc.
(Nasdaq: AMKR) and Broadcom Corp. (Nasdaq: BRCM).

Get the most recent insight from Zacks Equity Research with the
free Profit from the Pros newsletter: http://at.zacks.com/?id=4579

Here are highlights from Monday's Analyst Blog:

UBS Slogs Through Credit Market

We are maintaining our Hold on UBS AG (NYSE: UBS). The company
posted a first quarter net loss of CHF11.6 billion, due to CHF19.5
billion in writedowns in its US real estate and related structured
credit positions. To counter the effects of these writedowns on its
capital base, UBS completed a CHF15.97 billion rights offering in
June, significantly diluting existing shareholder interests.

Positively, UBS continues to reduce its credit market risk
positions, including the recent $15 billion sale of mortgage
securities to a newly created distressed asset fund that will be
managed by BlackRock (NYSE: BLK). Further writedowns and losses are
likely given turmoil in the credit markets. UBS replaced its cash
dividend with a 5% stock dividend.

Full Value for Electroglas Semi

Electroglas Inc. (Nasdaq: EGLS) is an original equipment
manufacturer (OEM) of wafer prober and wafer test handling systems.
February top and bottom-line results were in-line with consensus
estimates. While the long-term outlook in probers for EGLS is
positive, the short-term cash burn is concerning.

The firm recently signed new volume purchase agreements with Amkor
Technology, Inc. (Nasdaq: AMKR) and Broadcom Corp. (Nasdaq: BRCM). The
management has embarked on a new aggressive plan to lower breakeven to
$14-$15 million (from $18-$19 million). We continue to rate shares of
EGLS a Hold.

Electroglas has launched several prober products, including a more
competitive 300mm wafer prober system and a newly revised 200mm wafer
prober with an upgrade option. The Sidewinder product has been halted
and the management changed accounting auditors in an effort to lower
expenses.

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from the Pros newsletter: http://at.zacks.com/?id=2649.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and
qualitative analysis to help investors know what stocks to buy and
which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly
traded stocks. Our analysts are organized by industry which gives them
keen insights to developments that affect company profits and stock
performance. Recommendations and target prices are six-month time
horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights
of the latest analysis from Zacks Equity Research. Subscribe to this
free newsletter today: http://at.zacks.com/?id=2677

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which
was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew
he could find patterns in stock market data that would lead to
superior investment results. Amongst his many accomplishments was the
formation of his proprietary stock picking system; the Zacks Rank,
which continues to outperform the market by nearly a 3 to 1 margin.
The best way to unlock the profitable stock recommendations and market
insights of Zacks Investment Research is through our free daily email
newsletter; Profit from the Pros. In short, it's your steady flow of
Profitable ideas GUARANTEED to be worth your time! Register for your
free subscription to Profit from the Pros at
http://at.zacks.com/?id=4580.

Visit http://www.zacks.com/performance for information about the
performance numbers displayed in this press release.

Disclaimer: Past performance does not guarantee future results.
Investors should always research companies and securities before
making any investments. Nothing herein should be construed as an offer
or solicitation to buy or sell any security.

SOURCE: Zacks.com

Zacks.com
Mark Vickery
Web Content Editor
312-265-9380
Visit: www.zacks.com

Copyright Business Wire 2008


 



 
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