Cabot Microelectronics F2Q09 (Qtr End 3/31/09) Earnings Call Transcript

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2009-04-23 16:35:27.0

Tags: Call Transcript, Earnings, Technology, Sales Strategy, Team Management, Sales, Management, Seeking Alpha, Cabot Microelectronics Corp.

Question-and-Answer Session

Operator

Thank you. (Operator Instructions). Your first question comes from Avinash Kant with D.A. Davidson & Co. Please proceed.

Avinash Kant - D.A. Davidson & Co

Good morning. Just a few questions Bill, when you talk about things improving significantly in the month of April, do you mean another 40% kind of increase as you saw in the month of March?

William Johnson

I'd really not describe in terms of particular percentage increase, because it does represent such a limited early look at the quarter. But when we look at the first three weeks of orders, the month of April compared to March, the increase is significant. I don't think I want to characterize any further than that.

Avinash Kant - D.A. Davidson & Co

Okay. And in terms of the pad business of course you've been seen new customers and new business there. Of course, right now things have been tough but how do you see that coming along in the next year or two?

William Noglows

Well, I think in this period of -- that we've been living within last two quarters, our short pad team is being has a mist to be kind of sitting at all four cylinders, they have been working and executing on the plans we established two years ago, and they involve more customer qualifications, working on our productivity and yield improvements, developing and introducing a next generation pad technology and completing the build and the infrastructure build out at TSMC.

Those things have gone exceptionally well and many of which we've executed ahead of schedule. So, we continue to be bullish about our pad opportunity and our pad technology and the value we bring our customers and we think that we will continue to see the kind of growth we've seen earlier and that be prior to the downturn.

Again we are excited, clearly our pad and our pad technology has been validated in the market place. And we see more and more interest around the world to get our pad technology into pads and get them qualified.

William Johnson

Also Avinash, we -- today, are all of our sales and promotional effort is been around a single product the D100 product. We're working on our next generation pads. Over the time frame you described, we would expect a sampling introduction and commercialization and revenue from that next generation pad as well.

 

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