Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Nicolas Gaudois - UBS.
Nicolas Gaudois - UBS
First questions is a clarification; on over 25 immersion tools in backlog, how much is new and how much is refurbished; and if you could remember or recall for us what it was for 19 in Q4?
A follow-up question is, where we look at your at least EUR 400 million to EUR 500 million from these quarter run rate at some point and its true that the orders at hand for immersion, plus refurbished business non-immersion, plus refurbished revenues basically should secure you about EUR 400 million per quarter of revenues in Q3, Q4.
I guess anything incremental from here into Q3 could be incremental and effectively give revenues towards the higher side or one could say about the lower end for at least 400 to 500. I assume that quite comparatively any orders coming there would be effectively offset by push-outs. So if you could comment on that, then of course you may clarify back for immersion. Thank you.
Peter Wennink
Yes, 25 immersion tools are split between 23 new tools and two refurbs.
Eric Meurice
And then I think your question was, should we go under 400 or would there be tons in Q2 that we would materialize in Q3. At this moment, we do not expect at all any push out. We understand of course every of those key projects for Q3 and Q4, so we are pretty solid as to above 400 and yes, we are expecting certain numbers of tons, but we do not know how many, which is why we’ve guided between 400 and 500. Those tons mean some orders which would be received into Q2 and into Q3, for deliveries in Q3 and Q4.
Nicolas Gaudois – UBS
Okay. I guess the reasonable vagueness of what you said on revenues, is basically a timing issue moreover than anything else on these things coming back and whatever done in Q3, Q4, that potentially slipped in Q1.
Eric Meurice
Yes. Again, in the mobilization of flights that we have, we see no real possibility for customers to delay those ramps. You know what I’m talking about when I say leaders already converted in 55 nanometer DRAM, which means the second payers definitively have to be in the business of 55 nanometer this year. We would not expect significant slips into Q1 of these things, but again we’ve brushed a guidance between 400 and 500 to have some levy into what it could, but we’ll be highly surprised; in fact we do not expect it to be lower than that.
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