Presentation at 19th Annual Citi Technology Conference
September 6, 2012 8:45 a.m. ET
Tom St. Dennis - CEO
Mike Ludwig - CFO
With us here this morning is FormFactor. From the company is CEO Tom St. Dennis and also CFO Mike Ludwig. We’ve had an exciting event this week. I’m sure you didn’t get a restful Labor Day Weekend. But we’re excited to hear about that. And I think the format this morning will be that Tom will present about a 15-minute presentation. I’ve got a couple of questions, and then I’ll go ahead and allow the audience to also ask questions as well. Tom, welcome.
Tom St. Dennis
Thanks, I appreciate the opportunity. The event that he mentioned was that on Monday of this week we announced that we had signed a definitive agreement with MicroProbe, a private company in the probe card space to acquire them. And a lot of what we have today is to give you some perspective about that, explain where they fit in our product line, and hopefully to get you to see what we think are the outstanding prospects of the combined company and the real opportunities that MicroProbe has currently in their market space.
The two companies are very complementary. There’s really very little product overlap between the two companies. MicroProbe today is focused in the SOC market. This is the highest-growth portion of the overall probe card space. They have been recognized as the number-one supplier in the space by VLSI Research in the last year. Approximately 20% market share on that.