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Nanometrics Inc. (NANO)
14th Annual Pacific Crest Global Leadership Technology Forum Conference
August 13, 2012 3:00 PM ET
Ron Kisling – CFO
PresentationUnidentified Company Representative
All right. Let’s go ahead and get started. So, we have with us today, Ron Kisling, the CFO of Nanometrics to talk about the company.
Nanometrics has been gaining significant share over the couple of years but growth has stalled a little bit this year, with the spending slowdown at Intel, Samsung and Hynix for Nano’s concentrated. The biggest controversies around the company are right now, one, whether Nano will fully recover from a margin hit taken when the customers are pushed for a rapid ramp of new tool this year. Number two, whether Nanometrics will win more foundry business. Number three, whether Nano becomes a takeout target.
So, we’ll have Ron open up with sort of the overview of the company and then we’ll jump right into Q&A. Ron?
Good afternoon, thanks for coming. First up, just real highlight, we’ll be talking a little bit about some forward-looking statements and predictions that we believe that we believe to be accurate, that are guaranteed.
So, talking about our unique strategy, technology changes today are driving an increasing demand in the industry for OCD, which is creating secular growth in our core markets. In addition to that, we’ve expanded our market – assured market through R&D investments as well as strategic acquisitions and I’ll talk a little bit about those and how those are driving our growth. And then lastly, market share gains through competitive wins, particularly with our two largest customers. They are also supplemented by targeted wins at other customers.