ASML Holding's Management Presents At Morgan Stanley 11th Annual Technology, Media & Telecoms Conference (Transcript)

ASML Holding N.V. (ASML)

Morgan Stanley 11th Annual Technology, Media & Telecoms Conference

November 18, 2012 2:05 AM ET


Franki D'Hoore – Investor Relations

Peter Wennink – Executive Vice President and Chief Financial Officer


Franki D'Hoore

Good morning. Thanks for waking up early this morning. I know it’s a little bit difficult this slot on a Friday. Thanks Peter for being with. Maybe we should sum up for you a quick recap of the Q3 with us some actually, but more importantly your view on Q4 and there maybe what you think could happen in 2012 as a generic view of the litho market?

Peter Wennink

Yeah, I think on the Q3 basically, a recap on what we said about a month and a half ago. No major changes. I think it’s more relevant is what I said at the conference a couple of months ago where I was somewhat concerned between let’s say the difference what the customers were telling us and what customers were doing.

And so they gave us a quite a good, an in-depth view of what they needed for 2012. But when we said, where are the orders, then those people held back you could argue that that was Q3 so why would they and then the budgets were not set yet. We were in many instances talking to them with respect to our volume purchase agreements. So, you could also say there was no basis for them to give us the orders now, that gap that is closing.

I mean, currently now few customers indeed doing what they are telling us which is good, as also part of the order guidance that we had in Q3, we said Q4 is going to be a level up as compared to Q3 and we are standing by our guidance. Please.

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