Question-and-Answer Session
Operator
Your first question comes from Satya Kumar from Credit Suisse.
Analyst - Credit Suisse
This is [inaudible] for Satya Kumar. Going back to the SHI offer, is there something holding back Axcelis from this, or is primarily a pricing issue?
Mary Puma
I’ve already addressed this in my prepared remarks, and there is really nothing further for me to comment on in this matter. Do you have any other questions that relate to operations?
Analyst- Credit Suisse
You talked about Optima XE. What gives you the confidence about this one? Are you able to maintain share in this in the high-energy space?
Matthew Flynn
The Optima XE is our newest offering in the high-energy space. We have dominated the high-energy segment for a number of years, and the Optima XE is the single wafer evolution of that industry-leading RF Linac technology. We fully expect our competitive advantages to continue. The ease of transferability of customer’s production processes is a key feature, and we are engaged with a number of new and existing customers. We have shipped our first tool to a customer and we are very confident that we are going to continue to lead that market segment.
Operator
The next question comes from Jim Covello with Goldman Sachs.
Jim Covello- Goldman Sachs & Company
Mary, just one quick question that you didn’t seem to anxious to chat about. Can you answer what valuation metric the board and you are using to think about the fairness of an offer?
Mary Puma
As I have said, I have already said what I am going to say in my prepared remarks. At this point I am not going to respond to that question.
Jim Covello- Goldman Sachs & Company
Can I ask why? What is wrong with us understanding which valuation metric you are using?
Mary Puma
It’s not something I am going to discuss on this call. If you would like to call us back after the call we would be happy to chat with you further, although again that is something that we are not going to disclose.
Jim Covello- Goldman Sachs & Company
On the operations of the business; obviously we are on a tough cycle and it is difficult to gain a share back in a cycle. What metrics and timelines are you setting to achieve those metrics to know that you are back on the right track? Obviously you believe you have the right technology. The market needs to adopt that technology in a big way. What timelines or metrics are you setting internally for the company to achieve those share gains in order for you to be happy with the progress the company is making?
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