Question-and-Answer Session
Operator
(Operator instructions) Your first question comes from Satya Kumar, Credit Suisse.
Satya Kumar – Credit Suisse
Yes, can you hear me?
Rick Hill
Yes.
Satya Kumar – Credit Suisse
Hi Rick thanks for taking my question. I am curious as to why you are able to maintain your guidance despite the weakness in the market, are you gaining market share in the semi business or is the strength coming from the industrial or is there some operating spend that you are seeing from other customers that you are able to maintain the guidance?
Rick Hill
I think that (a) when we began the quarter we had forecasted certain technology wins that we would achieve. We’ve highlighted the transition of memory from aluminum to copper. I think this is helping us and while the weakening in Japan and Korea and Singapore was not announced based on our forecasting we had factor that into our overall guidance.
Satya Kumar – Credit Suisse
As a follow up in terms of the weakness you are seeing in flash, are these push outs that you are seeing, I presume these are order push out that you are seeing. Can you give some clarity on if they are getting pushed out of the second half for orders into the first next year orders something that getting pushed out further into ’09 and on the non-memories is there something to talk about particularly on some of the hire in terms of what you are seeing for demand?
Rick Hill
I think that the answer to your first question relative to the push out, the only one I can comment on is because it was publicly announced that the IM Flash Technologies that pushed out until the end of 2009 potentially earlier 2010. The other push outs that we’re seeing, the other weakening in demand are not publicly announced, so I cannot say anything about those and the second part of the question was?
Satya Kumar – Credit Suisse
Is there anything to talk about in terms of non-memory demand particularly for a high-end logic chips like microprocessors and the like?
Rick Hill
I think you’ve seen the recent announcements of both Intel and Dell and HP with there strong PC demand and so certainly for all the indications we have and you have from publicly available market information. That demand continues to be robust, hence it give us hope that the excess capacity that has been in the DRAM market and also the Flash market will begin to slowly be eroded and resulted in a favorable rebound in the industry and then not just in future. Thank you.
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