Phillipa, TRKN has very little cash and a ton of debt....your $4/share is way off, I would check your info source again.
Hopefully, the layoff are effective as of today so that TRKN can start saving money, lets also hope that most of the job terminations were in Wales and not in the etch area.
If TRKN was smart....they would focus on one or two tools at the most....Oxide Etch should be priority one. There is a clear maket for that tool...so the sooner they can get it up to production quality the greater the chance they will survive. The remaining etch tools are pretty much the same platform (95% the same) so they will likely be successful along with Oxide.
Flowfill should be the second tool that they should pursue, there seems to be some promise there. They should put Forcefill on the backburner till they start making money.....Forcefill has been in production for awhile and there seems to be little interest in it from the current customers and little or none from new ones.
There's still some hope....they just need to focus on etch tools and making them production quality and highly reliable. Based on Greg's comments when asked about the performance of the etches at Hyundai, he seemed to be hesitant in his answer. Based on his answer and choice of words, I suspect that the etchers in Hyundai aren't meeting production/reliability specs, and that maybe a reason that TRKN has not gotten any more orders from them.
TRKN should focus on accounts like Hyundai and others that already have their etch tools and make a major effort to fix any problems at existing customer sites. A good reference can go a long way for TRKN. For a small company one bad reference can kill you, especially a Hyundai.
They should let Dobson have a few dollars to screw around with Flowfill and Forcefill....but focus most of their money, engineering, efforts,etc. towards etch. Or else we can kiss TRKN goodbye......
Just a shareholders opinion
dave |
