Credence Systems Corporation Co-Presidents David Ranhoff and Dennis Wolf talk to The Wall Street Transcript.NEW YORK--(BUSINESS WIRE)--Aug. 3, 1999-- The Wall Street Transcript has published an in-depth interview with David A. Ranhoff and Dennis P. Wolf of Credence Systems Credence Systems Corporation (NASDAQ: CMOS), is a manufacturer of test and analytical equipment for the global semiconductor industry. Founded in 1978, it is publicly traded on the Nasdaq stock market under the symbol CMOS. Corporation (Nasdaq:CMOS (Complementary Metal Oxide Semiconductor) Pronounced "c-moss." The most widely used integrated circuit design. It is found in almost every electronic product from handheld devices to mainframes. ), in which they talk at length about their company's future. Ranhoff says, "We shipped our first product in 1985. We were founded as a company focused on providing semiconductor test solutions for the industry, specifically developing automatic test equipment for the semiconductor industry for digital, mixed signal and memory integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. ." Ranhoff continues, "Some of our larger customers include Lucent Technology, LSI LSI: see integrated circuit. (Large Scale Integration) Between 3,000 and 100,000 transistors on a chip. See SSI, MSI, VLSI and ULSI. Logic, Philips, Samsung and AMD (Advanced Micro Devices, Inc., Sunnyvale, CA, www.amd.com) A major manufacturer of semiconductor devices including x86-compatible CPUs, embedded processors, flash memories, programmable logic devices and networking chips. . We are also the clear market share leader in the subcontract sub·con·tract n. A contract that assigns some of the obligations of a prior contract to another party. intr. & tr.v. sub·con·tract·ed, sub·con·tract·ing, sub·con·tracts assembly marketplace with about a 60 percent installed base share." Wolf asserts, "One of the areas that we have been exceedingly strong in is in Asia, which makes sense being that we are the value standard. We are the low cost solution for the consumer environment and that is really where a lot of it is happening, primarily in Taiwan. We have approximately 60% of the installed market share of the Asian test house marketplace which is a very nice place to be right now." Looking forward, Ranhoff states, "We focused the company on the fastest growing IC segments, specifically things like the multimedia expansion, the Internet expansion, and therefore products that are dealing with local and wide area network - digital camera, set top box, digital video disk - a lot of the consumer type product is the sweet spot of our business. As we see that business grow and continue to grow, we believe we're in a position to take significant share. So both Dennis and I are very encouraged about the company's prospects." To read the complete interview, go to http://www.twst.com/ceos.htm. The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations. Read hundreds of free excerpts from our Q&A Interviews of analysts from top brokerage houses, money managers and CEOs at http://www.twst.com. The Wall Street Transcript is a premier weekly investment publication serving serious long-term investors Long-term investor A person who makes investments for a period of at least five years in order to finance his or her long-term goals. for over 35 years. For recent analyst and money manager recommendations, visit http://www.twst.com/newspage.html For subscription information call (800) 246 -7673. |
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