This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Kulicke & Soffa Industries' CEO Discusses F2Q12 Results - Earnings Call Transcript

Stocks in this article: KLIC

During the March quarter, we experienced an improvement in our equipment business which was largely driven by a higher ball bonder demand. The increase in ball bonder volumes was largely due to a rebound in demand from OSAT customers. 84.8% of wire bonders sold during this quarter were to OSAT customers, an increase from the prior quarter.

Demand from copper-capable wire bonders continues to remain strong. Approximately 17.4% of our wire bonders were sold as copper-capable. We estimate around 25% of bonder in the field are copper-capable. This implies that we’re still at the early stages of the broadening transition.

We anticipate the trim copper capacity in the field is dramatically lower than the approximately 70% of integrated circuits that make (inaudible) to copper. Considering this future capacity need in addition to our (inaudible) product offering strong OSAT share and sustain on investments, we believe the copper foundation will continue to be a meaningful demand driver for years to come.

Over 8% of our ball bonder store were configured to the LED market. We continue to work with LED customers where our products are technically best suited and where we have a competitive advantage.

Turning to wedge bonders, our volumes were soft in the March quarter compared to the December quarter due to lower demand in all markets and segments including power semiconductors, automotive and industrial. However we have started to see an improvement in demand and we anticipate rapid volumes to increase in the coming months.

In summary, we are pleased with our business performance in the March quarter. We continue to drive revenue margin and operational improvements. At the same time our focus remains on expanding our technology and market leadership while pursuing growth areas that can reduce the uncertainty of our business.

Read the rest of this transcript for free on seekingalpha.com

3 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs