A developer and supplier of critical subsystems for the semiconductor capital equipment industry. The Company develops, designs, prototypes, engineers, manufactures & tests subsystems which are specialized to semiconductor manufacturing process.
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Closing position in the light of the company intending to raise $100 million in issuance of new shares and weak cash flow. Putting this one on the watch list to see if management can get things together.
UCTT CEO is one smartest, most astute in this industry. Industry headwinds now hurting UCTT but I would not bet against mgt's foresight.