"Capex will go up when our customers see the potential of the market. It will go down when it's not there."
This is a "fair" statement and I can live with it...
UPDATE 1-ASML sees industry capex rising in 2011 -CFO
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ASML Holding N.V.
ASML.AS
€24.79
+0.67+2.78%
12:00am PST
ASML Holding N.V.
ASML.O
$34.69
+1.80+5.47%
12:00am PST
NIKON CORPORATION
7731.T
¥1,703
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Fri Nov 19, 2010 3:58am EST
* Talks with customers give positive capex indications
* ASML sees no major acquisition targets at the moment
* ASML shares up 1.5 pct, vs 0.2 pct rise in sector index (Adds quotes, detail, shares, background)
AMSTERDAM, Nov 19 (Reuters) - Dutch chip equipment maker ASML (ASML.AS)(ASML.O) expects industry capital expenditure to rise rather than fall in 2011, alongside growth in most of its markets, its chief financial officer said on Friday.
"Capex will go up when our customers see the potential of the market. It will go down when it's not there. Every discussion we've had with customers indicates capex will not go down (next year)," Chief Financial Officer Peter Wennink said.
"Our feeling, our vision at the moment is that capex will go up," he added on a conference broadcast live over the Internet.
Wennink also said 2011 would be a bigger year for NAND than in 2010, but added that Dram sales would be lower in 2011 than in 2010. Logic and Foundry, however, would grow strongly in 2011, Wennink said.
Speaking at the Morgan Stanley annual TMT conference in Barcelona, Wennink added that the company did not see any major acquisition possibilities and that any cash returns to shareholders would be made via dividends or share buybacks.
The CFO said ASML would provide more detail on its dividend and share buyback policy with its fourth-quarter results announcement.
Shares in ASML were up 1.5 percent at 24.485 euros at 0843 GMT, outperforming a 0.2 percent rise in STOXX Europe 600 Technology Index .SX8P.
ASML is the world's largest maker of semiconductor lithography machines, which map out electronic circuits on silicon wafers. It competes with Japan's Nikon Corp (7731.T) and Canon Inc (7751.T).
ASML's customers include the world's largest chip maker Intel Corp (INTC.O) and Taiwan Semiconductor Manufacturing (2330.TW), the world's largest contract chip maker. (Reporting by Aaron Gray-Block; Editing by Will Waterman) |
