LTX-Credence Corporation (LTXC)

BarCap Global Technology Conference

December 08, 2011 03:30 pm ET

Executives

Rich Yerganian - Director, IR

Analysts

CJ Muse - Barclays Capital

Presentation

CJ Muse - Barclays Capital

My name is CJ Muse with Barclays Capital. I guess welcome to one of the last sessions of our conference. It my pleasure to introduce Rich Yerganian, Director of Investor Relations with LTX-Credence. And with that, I will turn it over.

Rich Yerganian

Okay. Thank you CJ. I am here with David Grace too. He is the Vice President of Financial [Group], he is responsible for managing our relationship with our partners, Spirox in Taiwan and China. So, he will available for answering questions following the presentation as well.

Certainly, you know, Safe Harbor statement, in these times, these are very helpful statements. Because it’s very difficult to know where the industry is going, or business is going, and I encourage you all to familiarize yourselves with the risks associated with investing in our industry, our business, our company.

Okay, on to the more interesting things. So, you know, what I’ll start out with is just a little bit of an overview. First question on everyone’s minds, what do we think is going on with the industry, from a industry perspective in our last conference call, just a couple of weeks ago. We felt that our January quarter represents, what we think will be the bottom for the industry. As we’ve said in on some of our customers or semiconductor presentations over the last day or two. They’ve been basically calling the bottom, although, not sure where we go from here and I think that’s pretty consistent from our perspective. We believe that we are at the bottom of the cycle, given our expectations for the January quarter and what is unclear is, do we go up from there or do we stay at these levels for some period of time.

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