ASML Holding's Management Presents At Barclays Capital Global Technology Conference (Transcript)

ASML Holding N.V. ( ASML)

Barclays Capital Global Technology Conference Call

December 8, 2011 07:00 pm ET

Executives

Franki D'Hoore - IR

Analysts

Andrew Gardiner - Barclays Capital

Presentation

Andrew Gardiner - Barclays Capital

Good afternoon everybody. My name is Andrew Gardiner on the Technology Research team for Bar Cap in London and thank you all for coming. One of the last sessions of the conference and it’s my pleasure to have ASML with us this afternoon. Franki D'Hoore from Investor Relations. We are just going to do a fireside chat. I will ask a few questions and I think we will have hopefully some time at the end for any questions you guys may have as well.

So Frankie, if we can kick off maybe you can give us a brief update as to how ASML is seeing the market at the moment. The third quarter was certainly at a low point in terms of bookings, you guys have guided quickly slightly higher in the fourth quarter, but how are things going?

Franki D'Hoore

Thank you Andrew and yes thank you for being so brave to be bright and late instead of bright and early. What we observe is the following. We did observe in the second half of 2010 and first half of 2011, a real strong capacity buying environment by customers. And almost in all sectors, meaning very strong in foundry, pretty strong in NAND, no longer very strong in DRAM and we all know that.

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