Nice quip by John Fan.
1:28:30 - 1:30:15 Question on CyberLite pricing from Adams, Harkness & Hill analyst
Fan discusses two tier pricing structure of the blue LED market. He says Tier One includes e.g. Nichia, Cree and now, Kopin.
JF: "See, it is not monolothic, the LED blue is not monolithic: there's a wavelength there, there's a voltage there, there's an ESD for certain applications, and assumed requirements of quality that, I think, a lot of people do not understand. I think, there's a lot of noise in the market right now, say "oh yeah, some Asian companies bought a lot of reactors and therefore the market will tank." It's not so simple, otherwise, no scientists or engineers are required in the world."
Analyst: "Mm hmm, OK, thank you."
Right, trying to explain the difference between innovation and copying to some guy who just wants a number to plug into his spreadsheet. He might as well be talking to a chimp.
There had better be a difference, otherwise there will be a massive transfer of wealth out of this country.
The quote about 100 million chips in a golf ball from the New York Times article is later brought up by another analyst; Fan says he was learning to play golf when he gave that interview, but he sticks with the number as "a very good goal for us" for this year.
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