some cc notes:
breakeven level is now $26-27 M, up from $22-24 M reported in last cc.
expect 5-10% sequential revenue growth Q3/Q2, and breakeven.
Strip & CVD bookings exceeded expectations,
while RTP/EPI disappointed;
on balance the record bookings of $29.6 M were a good result.
Strip added 3 new accounts,
including a Japanese DRAM and a Taiwanese foundry.
?Did Brad say that they now have all the foundry accounts in Taiwan?
They got bookings (in strip) from Japan in Q2, something they were previously lacking.
"strip market is finally improving"
Bookings: 35% NA, 19% Japan, 42% PacRim, 4% Euro.
GM suffered some due to product mix including more CVD, they expect to improve CVD GM in the future.
Headcount:
mfg. capacity is now inadequate, attempting to increase 30% per Q, but bookings grew faster last Q so that they are getting behind on capacity, and expect to be okay by end of Q3. I think Brad said that they had 50 mfg. positions open at a recent job fair. Main problem has been getting software engineers, and for that they are going out of state.
Four analysts asked questions,
if you include the one from Chipinvestor.com, whoever that is. Two offered congratulations for a good quarter.
Visibility
is limited to 4 months now. Brad was encouraged by response at Semicon, but customers are still cautious. Q4 is beyond Brad's visibility.
DRAM customers are primarily DRAM, because DRAM is the most cost conscious.
300 mm RTP is in testing.
Don't expect success penetrating Intel soon, due to copy exact. |
