The following notes are a brief summary. I recommend you listen to the CC as I missed all the details whenever they talked about kilohertz and submicron chips. I don't even know if I wrote down argon fluoride right. Sounds like something dentists use.
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Chip demand exceeding supply.
Lack of capacity at .18 and lower.
New and existing light sources being run hard --- uptick in upgrade kits.
New orders are ahead of schedule. Will be ramping on into 2000.
Due to earthquake, Taiwan delayed 6 units into current quarter.
Distribution of units: US 246, Eur 92, Japan 197, Korea 135, Taiwan 116, and Singapore 30.
Laser inventories at direct customers at 245. ELS 6000 will be 80% of revenues by mid 2000.
Non-systems revenue will be 25-30% of revenues near-term, and will stabilize at 20-25%.
$480,000 ASP b/c of 6000 shipments.
Backlog 81,672,000 versus 58,893,000.
BTB 1.39
Cash $170 million, $7.9 generated during Q.
Increased visibility: ASPs will increase to $490,000. Revs will increase 15 to 20%.
In installed base CYMI has 90% of market, worldwide; 95% of new light sources in Q were CYMI's.
Gross margins on 6000? Will phase out customary reserves and be in the clear by Q1 next year. No pressure on margins any time soon.
Transition to argon fluoride (?) about 2 years away.
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I'll be anxious to see Robert's summary.
Pat |
