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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: sixty2nds who wrote (29204)	3/9/2006 2:48:51 PM
From: sixty2nds	Respond to of 95757

14:07 NSM National Semi earnings call summary (27.19 -0.84) -Update- Co noted gross margin increase was due to richer mix of analog products, which is giving the co upwards movement in their ASPs. Co's discipline have kept inventories in the channel low. Book to bill was greater than one. Upside in revs noted to be due to higher turns orders from distrbutors. Fab utilization rates were in the high 80% range during the qtr based on wafer starts. Opening backlog noted to be higher than what it was in the beginning of Q3. Co expects disti resale rates to be healthy in Q4. Gross margins for Q4 expected to increase slightly and follow are more normal seasonal pattern. R.O.I.C. was nearly 28% during the qtr. During Q&A, co noted they are taking great pains to make sure they are not part of the problems sometimes at distis when they overswing demand. Co notes they are seeing good, steady, stable demand for their products.