Question-and-Answer Session
Operator
Thank you. (Operator instructions) Your first question will come from Gary Hsueh with Oppenheimer.
Gary Hsueh – Oppenheimer
Hi. Thanks for taking my question. You know just looking at semi cap equipment group, most people are coming above the high end or at the high-end for revenue and shipments and clearly you guys are at sort of the bottom end of the shipment or revenue guidance, just wondering what the deviation is between you and your peers? I know that you guys have historically lagged because you're a little bit more capacity driven, but I guess your explanation for that deviation, that would be great? And I have got a couple of follow ups.
Dave Dutton
Sure. I think Gary a couple of things. One is I think our low end was pretty aggressive so we were up 40% quarter on quarter which on a percentage basis versus others I think we are actually in line or higher than some on a quarter on quarter basis from a percentage standpoint. And you're right, we talked about in the past, strip has typically been capacity dominant, RTP is somewhere in between, and then at the other side of the equation, things like litho and long lead items start first. And I think as we have seen, litho is just starting to experience technology buys us we started the second quarter and we are seeing others start to move forward. And so our core business we are expecting is typically where it is lacking, we're expecting to see that in the future. So I think what's key is what we have really seen in strength is some of our new products, where they are positioned at the leading edge, express their etch products and they're helping us actually come up a little quicker and on a percentage basis be in line with the rest of the industry.
Gary Hsueh – Oppenheimer
Okay great. And just specific to some of these new products and future growth, relative to your etch product placement, have we recognized all the revenue now in Q2 in terms of your installed etch equipment tools?
Dave Dutton
No, we have not.
Gary Hsueh – Oppenheimer
Okay, great. And specific to your win here with the Helios and RTP and your logic and foundry sector moving out of memory, is that a evaluation tool that will eventually show up on your inventory book in Q3 or is that potentially for revenue recognition in Q3, I wasn't quite clear?
- To read the full transcript on Seeking Alpha, click here »
