TO ALL, you have heard the blow by blow on the financials from Carl and Zeev....here's what they had to say about the rest....Unfortunately, not a lot of new stuff.....other than Q4 statement...
50% of sales were etch, 25% PVD and 25% CVD.
Oxide etch was a majority of the etch sales.
They booked $21.5 million in Q2
Gross margins on the CVD and PVD were lower due to factory underutlization and currency exchange.
The Low k flowfill has ben verified by customers into the low 2's
Alot of interest in Oxide etch and Flowfill, recieved orders for 4 flowfill systems in Q2.
11 companies have flowfill systems of which 5 have the low k systems.
10 Forcefill customers, a couple of customers have shown that using forcefill vs other technology saves about $60/wafer.
In the etch area...they mentioned that Hyundai, LG, TI and LSI are positioned to place production orders.
In the PVD area...they mentioned Siemans, TI and others?.
In the CVD area....not much said other than alot of demo stuff going on.
One of the major reasons that TRKN is not yet seeing major orders is the concern by customers regarding global service. The Electrotech merger helped by expanding the service support from 70 people to 270 people.
The Q3 forecast's were confusing to me, there seemed to be some hesitation on the CEO's part in answering....but what I heard was that Q3 would be similar to Q2, I also heard that booking in Q3 would be similar to Q2. However, Greg then went on to say that Q4 is shaping to be a "very good" quarter. If that's true then their booking in Q3 should be alot higher than Q2.....I plan to follow up with the company on this.
As far as production capacity...if they get some big orders...they have enough capacity to support $80 mill worth of etch orders, and over $300mill of PVD/CVD orders.
Overall, I wasn't swayed either way by the call....in my opinion the general tone of the call was slightly negative. However, this was the first time the company actually came out and said that they see a strong quarter coming up. Hopefully that will be translated to indicate a turnaround.
There was alots of info in the press release too...which I didn't post here.
biz.yahoo.com
dave |
