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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (39644)	6/1/2003 3:55:00 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69996

SNK CC Part 2 Q: Why tax rate so low? A: Releasing valuation allowances. Utilizing tax loss carry forwards. Expect next several Q's to be profitable. have been profitable for last 4 Q's. After used up will be back up to 34 perc. Q: ASP decline in Q? Wafers brought in from other facilities. A: ASP down because of migration to higher density products. Reduced differences in price to drive it. Result in 29 perc increase in megabytes shipped. Higher density using more MLC wafers. Q: Why move to drive consumers to higher capacity cards? A: We have a price advantage at higher densities. Q: Written off NOR flash left? A: $500,000 Q: Inventory that is deferred but held in reserve. increased inventory at customers? A: Yes. Q: EPS calculation? A: Add back interest and amortization expenses Q:ASP in current Q? A: 10 to 15 perc for the Q. No more detail. Q: Royalties next Q? A: Slightly lower than what is in Q1. Q; Usually is it not higher? A: No, due one Q lag in payments. Q1 sales usually lower. Q: Obsolete NOR sales amount? 0.7 perc add to GM. A: Yes? Q: Tax 10 perc for rest of year? A: Yes. Q: Q2 GM? Why more than one q to work through? A: GM 26 to 30 perc due to ASP declines and fab transition. In Q2 will have a big shift from 0.16 to 0.13, that will have a big impact on GM in Q2. Will see benefit in transiston in Q3. Long terms our GM will move between 26 to 27 to 34 and 35 perc. Q: Any new licensee? Q: Any increase in $14 to 15 mil in license rev per Q? A: Royalties will decline next Q. Expect it to be in middle of 14 to 15 mil.