Rink,
I was confused about that part as well. First while I listened, and then I found the same thing in the transcript.
Another thing that I was confused was about starting this:
"You see here the ramp up of that factory and to put a number here, we are currently executing to a 2,000 wafer start per week. We expect essentially to start wafers at 65 nanometer in SP1 in February and we expect to have wafer out some time in Q2 in such a way that we’re going to have full financial benefit as early or as late Q2 and with the full part of the second half of the year."
It is on page 3. Is he talking about being at 2,000 wafer starts in February? That would make sense. But it sounds like February would be the time for the first wafer starts...
I think the correct interpretation is that Spansion is ramping up to 2,000 wpw, and the ramp will reach the 2,000 wpw level in February.
That's not bad, BTW. Spansion mentioned that they will need to have some CapEx in early 2008 to enable it (2k wpw), and after that, te Capex will go down.
Based on this, Q1 will be kind of tough, but things should improve from there. I am hoping that Spansion will convert some of that inventory to cash, so that the cash levels don't go down too much during this Q.
Joe |
