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Technology Stocks : Pericom Semiconductor PSEM -- Ignore unavailable to you. Want to Upgrade?

To: Sultan who wrote (509)	7/26/2000 8:37:38 PM
From: Yamakita	Read Replies (1) \| Respond to of 532

Conference all with Alex Hui and CFO Patrick Brannan * VERY optimistic into fy2001 earnings up 183% from prev. year net income up 61% sequential quarterly completed secondary of 2.2 million shares was added to Russell 2000, effective July 1 domestic 57% of biz int'l 43% (Asia 27%, Japan 7%, Europe 9%) inventory went down to 70 days productivity way up $531,000 per employee (up 25% from last q) 140 million cash (that's 21% of our market cap, folks) 10th anniversary this weekend very strong demand for products across all sectors * fourth consec. q of double digit sequential earnings growth Cisco is only customer accounting for more than 10% of biz Europe will grow to 15% of biz within two years * record backlog * yet more record rev and profits expected for q1 fy2001 (at least 50%) servers, networking, and telecom lead the demand for PSEM products tons of design wins (too many and too esoteric for me to keep track of, especially in Hui's rather thick Chinese accent) Very, very pleased with the entire biz * Strong book to bill for new products, affirms strategy of focusing on telecom infrastructure and mobile systems * margins WILL go up as higher value-added products make up an increasingly larger percent of revs * can sustain similar growth in years ahead, both top and bottom lines All questions in the Q&A started with hearty congrats on the outstanding q My overall impression of Hui: Hyper informed and confident. Only down is his speaking style: Thickly accented with far too many "you know"s. He should think about getting someone else to join in to lead the cc's, IMO. Brannan, too, was confident and sure-footed. This one is a keeper. I see no reason why it won't grow into a much, much larger market cap over the next few years.