conference call highlights:
lower dram sales
sram problem has been fixed
4m inventory writedown
tax rate 30.6% for this q
100k shares of brcm were sold
income :22 cents+sale of brcm:8 cents+(-4cents) alliance venture=26 cents
16m in cash
712m market value of investments
29 companies invested
inventories :mainley dram
decrease wafer orders and better pricing of wafers
1.3m shares of alsc repurchased
corp ASP from 3.18 to 2.98
pc 10.% of rev
top customers: flex alcatel, pace,lg, 3com, GI, Jabil,samsung
more legacy dram shipped this q than last q
current biz is ramping up
inv grew 66% from last q
new products this q:high density
added 4 new chip q this q
to manage inv below 100m
Q&A session:
prud (hans): prog of flash, inv at customers, pick in demand
ceo: 4m&8m flash significant this q. no major volume demand wise in dram. uptick in orders
needham: repeat rev by teretory
taiw 7%,asia 36%, solid except taiwan.
wafer down 87%, 50 % reduction q t q
flat rev this q (60% solid backlog)
net proc status: talking 10 comp, no rev first halve
do thing 30-60 days that will help.
flash : less 1000 wafers were scraped, last q declined
SRAM no price errosion , demand for 256k and 1k. new sram products. tough time meeting demand.
new 1m product this q
mix of inv:53% dram mainly 16m sdram
4m dram pushed to march and june q
liquidate most dram inv in this q
q: b RIELLY?--invest loss to inc?
most of comp-stale operation, valuation should expand
vtss, brcm, pmcs-no intention to liq in the next 90 days
UMC can liq in taiwan only, chrt both in us and sing
q-BEAR stern-when hit bottom?
95 cycle will not repeat.tough cycle, manage well, improvemt
in march q.2nd halh should improve. |
