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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (16362)	10/21/2005 3:36:22 PM
From: Return to Sender	Read Replies (2) \| Respond to of 25522

Wow! What a great link. Transcripts from recent CC's can be found here: chipstockblog.com; Thanks, Brian for sharing it. RtS

To: Proud_Infidel who wrote (16362)	10/21/2005 10:32:27 PM
From: etchmeister	Read Replies (1) \| Respond to of 25522

Capex / bookings / billings I never liked SAB 101 but I suppose we (small fish investors) have to live with it. From NVLS transcript: it's about two quarters before bookings turn into $$$ billings and in addition it depends on the mix (well established products vs new products) So one has to be very careful when the pundits are quoting their Capex projections (= billings) because they more or less extrapolating from existing bookings although they "pretend" looking into the future A – Bill: First of all the bookings as you know right, turn into shipments and then shipments turn into accepted revenue. Q: Right yeah. A – Bill: It is about on average a two-quarter process. There are timing differences that are depended on the way the acceptance is are either zero or 100 or they are bifurcated so there is variation when the mix changes, but as a general rule of thumb, there is about a two-quarter process. I also wanted to make a comment on our point about our operating model and our financial model. Because I think it’s important for all of you to understand what we are communicating here. As we’ve look at the company’s financial performance and compare it to current performance to our desired target model there are two areas that jump off the page. One is gross margin we have talked quite a bit about that. We know what we need to do to improve that and second is R&D productivity, and that is the other reason we mentioned our strategic plan process. We are also looking at everything else on the income statement as well as the balance sheet to improve but those are the two that have the clearest indications to us that we want to see improvement as we move our business forward.