FormFactor Inc. Q3 2009 Earnings Conference Call

  • download
  • Print
  • Recommend
  • 0

2009-10-28 17:24:08.0

Tags: Taiwan, Barclays Plc., Earnings, Adjustment, Formfactor Inc., Seeking Alpha

Question-and-Answer Session

Operator

Thank you very much. (Operator instructions). And first we go to Christopher Muse with Barclays. Christopher?

Christopher Muse - Barclays

First question, in your prepared remarks you talked about market share gains and DRAM and I guess you also focused that its primarily at 6x. So, I was hoping you could expand on that. I'm assuming that you're talking Taiwan and Japan and North Korea?

Mario Ruscev

Absolutely yes. We have also over the last couple of quarters, we have also get market share in Korea. But I would say obviously, I always said its a long road so we are pretty happy with our results. But we still have a way to go and we continue our path on [this one]. This is why we are still more sensitive to what’s happening to Japan and Taiwan where most of activity is still 6x.

Christopher Muse - Barclays

And when you think about 4x, 5x, DDR3 designs, is your competitive advantage really at the 1.6 GHz and above level? Is that when we should start to increased share?

Mario Ruscev

Really, in fact if you look at reality, we have seen market gains in all markets and now we have gained market share in Taiwan even on DDR2 products. Now we are also getting, remember that in DDR3 now most of it was engineering tooling and we have had nice wins, but now we are waiting to concrete that, to get that more concrete one, when the big ramp-up happen.

Christopher Muse - Barclays

Last question from me. Based on the tax rate at or near zero, are you figuring your expectations for losing money throughout all in 2010?

Jean Vernet

No, this is not what we meant. It's really as we said last quarter it really has to do with an accounting adjustment. And as we return in to profitability it will take a few quarters in positive territories before we can build enough history to reverse that adjustments with it. So we didn't make any pronouncements on whether we were going to be positive or negative for 2010. Even whether, if we are in a positive situation we would still have to wait before we can reverse that adjustment.

Christopher Muse - Barclays

Makes sense. Thank you.

Operator

Next we go to Gary Hsueh with Oppenheimer. Gary?

Gary Hsueh - Oppenheimer

Great. Thank you for taking my question. You guys sound pretty positive in terms of order activity. I heard that mentioned a few times. I was wondering if you can kind of help us quantitatively with your visibility. Any way you can give us what your order intake was or at this point with revenue declining in the December quarter, how much backlog you have and be whether or not any orders were canceled at DDR3 given how strong DDR2 pricing is right now?

 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement
Click Here