美光科技 (MU) 2002 Q3 法說會逐字稿

Good evening, ladies and

晚上好，女士們和

gentlemen, and welcome to the Micron Technology

先生們，歡迎來到美光科技

third-quarter fiscal year 2002 conference call.

2002財年第三季度電話會議。

At this time, all participants have been placed in

此時，所有參與者已被安排在

a listen-only mode and the floor will be open for

只聽模式和發言權將開放

your questions and comments following the

您的問題和評論如下

presentation.

介紹。

I said now like to turn the floor over to your

我說現在想把地板交給你

host, Kip Bedard. Sir, the floor is yours.

主持人基普·貝達德。先生，地板是你的。

Thank you and I'd like to

謝謝你，我想

welcome to Micron Technology's third-quarter of

歡迎來到美光科技第三季度

fiscal year 2002 conference call. On the call

2002 財年電話會議。通話中

today are Steve Appleton, chairman, CEO and

今天是史蒂夫·阿普爾頓，董事長、首席執行官和

president, Bill Stover, vice president of finance

總裁，比爾斯托弗，財務副總裁

and chief financial officer, and Mike Sadler,

和首席財務官，還有邁克·薩德勒，

vice president of worldwide sales.

全球銷售副總裁。

This conference call, including audio and slides,

本次電話會議，包括音頻和幻燈片，

is also available on Micron's home page on the

也可在 Micron 的主頁上找到

internet at www.Micron.com.

網址為 www.Micron.com。

If you have not had an opportunity to review the

如果您沒有機會查看

earnings press release, it is available on our

收益新聞稿，可在我們的

website at www.Micron.com. Our call will be

網站 www.Micron.com。我們的電話將是

approximately 60 minutes in length. There will be

時長約 60 分鐘。將有

a taped replay of this call available later this

稍後可提供此通話的錄音重播

evening at 5:30 p.m. mountain daylight time. You

晚上 5 點 30 分山白天時間。你

can reach that by dialing 973-341-3080, with a

可以通過撥打 973-341-3080 與

confirmation code of pound 333-6286. This replay

333-6286英鎊的確認碼。本次重播

will run through Thursday, June 27th, 2002, at

將持續到 2002 年 6 月 27 日星期四，在

5:30 p.m., mountain daylight time. The webcast

下午 5 點 30 分，山區白天時間。網絡直播

replay is available through July 2nd, 2002.

重播在 2002 年 7 月 2 日之前可用。

We encourage you to monitor our website at

我們鼓勵您在以下位置監控我們的網站

www.Micron.com throughout the quarter for the most

www.Micron.com 整個季度為最

current information on the company, including

有關公司的當前信息，包括

information on the various financial conferences

各種金融會議的信息

that we will be attending.

我們將參加。

During the course of this call, we may make

在此通話過程中，我們可能會

projections or other forward-looking statements

預測或其他前瞻性陳述

regarding future events or the future financial

關於未來事件或未來財務

performance of the company, and the industry.

公司業績，行業業績。

We wish to caution you that such statements are

我們想提醒您，此類聲明是

predictions and that actual events or results may

預測和實際事件或結果可能

differ materially.

實質上不同。

We refer you to the documents the company files on

我們建議您參考公司存檔的文件

a consolidated basis from time to time with the

不時與

Securities and Exchange Commission. Specifically,

證券交易委員會。具體來說，

the company's most recent Form 10-K and Form 10-Q.

公司最近的 10-K 表格和 10-Q 表格。

These documents contain and identify important

這些文件包含並確定重要的

factors that could cause the actual results for

可能導致實際結果的因素

the company on a consolidated basis to differ

公司在合併的基礎上有所不同

materially from those contained in our projections

主要來自我們預測中的內容

or forward-looking statements.

或前瞻性陳述。

These certain factors can be found on the

這些特定的因素可以在

company's website.

公司的網站。

Although we believe that the expectations

雖然我們相信預期

reflected in the forward-looking statements are

反映在前瞻性陳述中的是

reasonable, we cannot guarantee future results,

合理，我們不能保證未來的結果，

levels of activity, performance, or achievements.

活動、績效或成就的水平。

We are under no duty to update any of the

我們沒有義務更新任何

forward-looking statements after the date of the

日期後的前瞻性陳述

presentation to conform these statements to actual

演示文稿以使這些陳述符合實際

results. And with that, I'd like to turn the call

結果。有了這個，我想打電話

now over to Mr. Bill Stover.

現在交給比爾·斯托弗先生。

Thanks, Kip. Let's run

謝謝，基普。讓我們跑

through the results for the quarter ended

通過結束季度的結果

May 30th.

5 月 30 日。

For our third quarter, sales totaled $771 million,

我們第三季度的銷售額總計 7.71 億美元，

and the company had a loss of 24 million, or 4

公司虧損2400萬，即4

cents per share. For the immediately preceding

每股美分。對於前一個

quarter, sales totaled 646 million, and the

季度，銷售額總計 6.46 億美元，

company recorded a loss of $30 million, or 5 cents

公司錄得 3000 萬美元或 5 美分的虧損

per share.

每股。

Our third fiscal quarter's results covering March,

我們的第三財季業績涵蓋 3 月份，

April and May were noticeably influenced by

4 月和 5 月受到明顯影響

volatile market conditions. Late last calendar

動蕩的市場狀況。遲到的最後一個日曆

year, the semiconductor memory industry

一年，半導體存儲器行業

experienced higher than expected demand, falling

經歷高於預期的需求，下降

inventories, and increasing selling prices. These

庫存增加，銷售價格上漲。這些

conditions continued into late March of this year,

這種情況一直持續到今年3月下旬，

when inventory levels bottomed and pricing peaked.

當庫存水平觸底且價格達到頂峰時。

Since early April, selling prices have fallen

自4月初以來，售價已下跌

appreciably. For instance, the 256 Meg sync,

明顯。例如，256 Meg 同步，

which was selling for about $10 in late March,

3月下旬的售價約為10美元，

sold for approximately $5 in early June. With

6月初以約5美元的價格售出。和

softening in demand for the last half of the

下半年需求疲軟

quarter, we sold approximately 17% less total

季度，我們的總銷售額減少了約 17%

megabits of memory quarter over quarter.

兆比特的內存季度環比。

The footnotes to the financials in the press

報刊上的財務腳註

release point out that the third quarter had a net

發布指出，第三季度淨

realizable value inventory adjustment of

可變現價值存貨調整

$26 million. This inventory write-down is the

2600萬美元。這種庫存減記是

result of the analysis required under generally

一般要求的分析結果

accepted accounting principles. Therein, we

公認的會計原則。其中，我們

evaluated the quantities of products in finished

評估成品中的產品數量

goods and work in process, the estimated period of

貨物和在製品，預計期間

sale and the estimated sales price in the expected

銷售和預期銷售價格

period of sale.

銷售期間。

Absent the $26 million write-down and absent the

沒有 2600 萬美元的減記，也沒有

effects of prior inventory write-downs, cost of

先前庫存減記的影響，成本

goods sold for the third quarter would have been

第三季度銷售的商品將是

higher by an estimated $55 million.

估計高出 5500 萬美元。

Our best estimate of the amount of net realizable

我們對可變現淨額的最佳估計

value adjustments remaining in ending inventory at

期末存貨中剩餘的價值調整

third quarter is $110 million. We expect about

第三季度為 1.1 億美元。我們預計大約

half of this remaining amount to work through the

剩餘金額的一半用於通過

fourth quarter.

第四季度。

Our supply arrangement with tech Singapore had a

我們與新加坡科技公司的供應安排有

significant positive effect on the gross margin in

對毛利率的顯著積極影響

the third quarter. With significant pricing

第三季度。具有顯著的定價

declines occurring since March, it is likely that

自 3 月以來出現下降，很可能是

the gross margin on tech purchases in the fourth

第四季度技術採購的毛利率

quarter will closely approximate the margin on

季度將接近於利潤率

wholly-owned products.

全資產品。

Micron Technology remains very well positioned

美光科技仍然處於非常有利的地位

with cash and liquid investment balances

有現金和流動投資餘額

approximating $1.25 billion. And additionally,

約 12.5 億美元。此外，

the company has approximately 150 million in

公司擁有約1.5億

liquid investments with stated maturities

具有規定期限的流動投資

exceeding one year, which are reported as other

超過一年，報告為其他

long-term assets.

長期資產。

I'll turn the presentation over to Mike.

我會把演示文稿交給邁克。

Thanks, Bill. As

謝謝，比爾。作為

expected, demand for memory from the computer

預期，來自計算機的內存需求

industry softened midway through our fiscal Q3,

行業在我們的第三財季中期走軟，

although Micron and our customers were somewhat

儘管美光和我們的客戶有點

surprised at the extent to which demand dropped.

對需求下降的程度感到驚訝。

As a result, the average selling prices for

因此，平均售價為

Micron's D Ram product offering declined by about

美光的 D Ram 產品供應下降了約

50% from their recent peak in the month of March.

較 3 月份的近期峰值下降了 50%。

I believe that this softening and associated price

我相信這種疲軟和相關的價格

pressure can be attributed principally to two

壓力主要來自兩個

factors: Seasonal weakness in computer demand and

因素：計算機需求的季節性疲軟和

relative leveling of memory content per system.

每個系統的內存內容的相對水平。

Historical data suggests that the demand

歷史數據表明，需求

seasonality issue will result in an uptick in PC

季節性問題將導致 PC 上升

unit demand to occur in the second half of the

單位需求將出現在下半年

calendar year. This has typically resulted in a

公曆年。這通常會導致

17% sequential increase in PC unit growth with

PC 單位增長率環比增長 17%

rallying points around the back-to-school and

返校周圍的集結點和

Christmas selling seasons. I've yet to see strong

聖誕節銷售季節。我還沒有看到強

evidence of a re-acceleration of corporate IT

企業 IT 重新加速發展的證據

spending to supplement this seasonality. Any such

支出以補充這種季節性。任何此類

jump in corporate purchases would undoubtedly

企業採購的猛增無疑會

result in a more robust demand environment.

帶來更強勁的需求環境。

There is no question that our customers became

毫無疑問，我們的客戶成為

concerned with rising memory prices during this

擔心在此期間內存價格上漲

spring and backed off with respect to continuing

彈簧和後退相對於繼續

to ramp memory content per per system. The price

斜坡每個系統的內存內容。價格

declines that have taken hold in the past two to

過去兩年的下跌至

three months are easing the concerns and

三個月緩解了擔憂，

uncertainties about memory supply and pricing. As

內存供應和定價的不確定性。作為

a result, we are observing a re-acceleration of

結果，我們觀察到重新加速

memory content growth and re-emphasis on memory as

記憶內容的增長和重新強調記憶

a selling feature by many of our customers. When

我們的許多客戶的一個賣點。什麼時候

corporate spending does bounce back, I expect a

企業支出確實反彈，我預計

boost in memory content for corporate desktops,

增加企業台式機的內存內容，

which are lagging substantially behind consumer

大大落後於消費者

platforms at the present time.

目前的平台。

I'd like to briefly address two significant

我想簡要談談兩個重要的

transitions that are underway this year. First,

今年正在進行的過渡。第一的，

the chip density move from 128 megabits to 256

芯片密度從 128 兆位移動到 256 兆位

megabits as the primary vehicle for mega bit

兆比特作為兆比特的主要載體

production. Micron is now producing more megabits

生產。美光現在正在生產更多兆比特

on 256 meg versus 128 meg and before the end of

在 256 meg 對 128 meg 和結束之前

the calendar year, we will be producing more

在日曆年，我們將生產更多

actual 256 mega bit units than 128 meg units, and

實際 256 兆位單位比 128 兆單位，和

will have started mass production of a 512 meg

將開始批量生產 512 兆

DRAM as well. While doing this, we are

DRAM也是如此。在這樣做的同時，我們

maintaining stable supply of the lower-density

維持低密度的穩定供應

legacy memory devices that many of our customers

我們許多客戶的傳統存儲設備

in the networking, communications, and consumer

在網絡、通信和消費

space continue to utilize.

空間繼續利用。

The second significant transition is the shift

第二個重要的轉變是轉變

from synchronous DRAM to double data rate

從同步 DRAM 到雙倍數據速率

sychronous DRAM as the primary memory interface

同步 DRAM 作為主存儲器接口

for the PC entry. This transition is occurring

用於 PC 條目。這種轉變正在發生

about as we expected and is seamless from both

與我們預期的差不多，並且兩者都是無縫的

Micron's and our customers' point of view.

美光和我們客戶的觀點。

Outside of the computer area, while we are not

在計算機領域之外，而我們不在

seeing the explosive expansion of a couple of

看到幾個爆炸式的擴張

years ago, we did experience solid sequential

幾年前，我們確實經歷了穩定的順序

growth of our business in the wireless

我們在無線領域的業務增長

communications and data networking segments in the

通信和數據網絡領域

quarter. In the networking space in particular,

四分之一。特別是在網絡領域，

our shipment and revenue performance in fiscal Q3

我們在第三財季的出貨量和收入表現

was the best we have seen in over a year. Our

是我們一年多以來見過的最好的。我們的

broad memory product offering, which is becoming

廣泛的內存產品供應，這正在成為

richer as we move forward with the addition of

隨著我們的加入，我們變得更加豐富

TCAMs, reduced latence DRAMs, and a variety of

TCAM、降低延遲的 DRAM 和各種

other devices puts us in an excellent position to

其他設備使我們處於有利位置

capitalize on the growth and performance demands

充分利用增長和績效需求

in the netcom area as communications

在網通領域作為通訊

infrastructure build-out continues. We continue

基礎設施建設仍在繼續。我們繼續

to enhance our low-cost model through advanced

通過先進的技術增強我們的低成本模式

technology deployment and timely asset

技術部署和及時資產

acquisition. This has and will continue to enable

獲得。這已經並將繼續啟用

Micron to thrive in a fiercely competitive

美光在激烈的競爭中茁壯成長

environment.

環境。

Now we are leveraging that model to further

現在我們正在利用該模型進一步

cost-reduce standard memory products and also

降低成本的標準內存產品，也

bring more innovative products to the market that

為市場帶來更多創新產品

are poised for strong growth.

有望實現強勁增長。

Thank you very much, and with that, I'll turn it

非常感謝，有了這個，我會轉

back to Kip.

回到基普。

Thanks, Mike. What we'd

謝謝，邁克。我們會做什麼

like to do now is take questions from callers.

現在喜歡做的是回答來電者的問題。

Just a reminder, if you're using a speakerphone,

提醒一下，如果您使用的是免提電話，

please pick up the handset when asks questions, so

提問時請拿起聽筒，所以

that we can hear you clearly.

我們可以清楚地聽到你的聲音。

Thank you, sir. Ladies and

謝謝你，先生。女士們

gentlemen, the floor is now open for questions and

先生們，現在可以提問了

comments. If you do have a question or comment,

註釋。如果您有任何問題或意見，

please press the numbers 1 followed by 4 on your

請按數字 1 然後按 4 在您的

keypad. If your question has already been asked

鍵盤。如果您的問題已經被問到

and you would like to remove yourself from the

並且您想將自己從

queue, please press the pound key.

排隊，請按井號鍵。

Our first question comes from Eric Ross. Please

我們的第一個問題來自 Eric Ross。請

announce your affiliation and proceed with your

宣布您的隸屬關係並繼續您的

question, sir.

問題，先生。

Yes. Investech. Maybe if I

是的。投資科技。也許如果我

could get a little more detail on what's going on

可以更詳細地了解正在發生的事情

with the server products, particularly the 512 and

與服務器產品，特別是 512 和

one gig products, what demand you perceive from

一種演出產品，您從中感知到什麼需求

some of your customers over the next couple of

你的一些客戶在接下來的幾個

months.

個月。

You know, Eric, it's

你知道，埃里克，這是

Mike speaking. I - at my fingertips, I don't

邁克說話。我 - 在我的指尖，我不

have a handle on specifically what demand is for

掌握具體的需求

high-density 512 or 1 gig products, but nothing -

高密度 512 或 1 gig 產品，但沒有 -

nothing extraordinary either negative or positive,

沒有什麼特別的，無論是消極的還是積極的，

as far as I can see.

據我所知。

Okay. Thank you.

好的。謝謝你。

Once again, ladies and

再一次，女士們和

gentlemen, if you do have a question or a comment,

先生們，如果您有任何問題或意見，

please press the numbers 1, followed by 4 on your

請按數字 1，然後按 4

keypad.

鍵盤。

Our next question comes from Adam Parker. Please

我們的下一個問題來自亞當帕克。請

announce your affiliation and proceed with your

宣布您的隸屬關係並繼續您的

question, sir.

問題，先生。

Sanford Bernstein.

桑福德伯恩斯坦。

In your 10-Ks in the past, you've broken out the

在你過去的 10-Ks 中，你打破了

percent of refuse view from the JV. Is that

來自合資企業的拒絕視圖百分比。就是它

something you guys can do now? And also, Bill,

你們現在可以做什麼？還有，比爾，

you stated that the JV was a positive influence on

你說合資企業對

the overall results in the quarter. You know,

本季度的總體業績。你知道，

what is your comment imply about pricing in Q4. I

您對第四季度的定價有何評論？我

mean could the JV still be negative in the

意味著合資企業在

quarter?

四分之一？

We have indicated in the

我們已經在

10-Q, in the previously filed 10-Q that the tech

10-Q，在之前提交的 10-Q 中，該技術

semiconductor joint venture was a little more than

半導體合資企業多一點

20% of our product.

我們產品的 20%。

Right.

正確的。

And we have also indicated

而且我們還指出

that the relationship with that joint venture has

與該合資企業的關係

a lagging quarter pricing relationship. So you

滯後的季度定價關係。那麼你

can understand from the recent price decline that

從最近的價格下跌可以理解

there will be an impact in the fourth quarter as

第四季度將產生影響

the purchase of product from the joint venture in

從合資企業購買產品

the fourth quarter will be at higher pricing than

第四季度的價格將高於

existed a number of months ago. Beyond that, I

幾個月前就存在了。除此之外，我

think you'll just have to look to the pricing

認為您只需要查看定價

relationship to do some modeling on your own.

關係自己做一些建模。

Okay. I thought that you had

好的。我以為你有

said that you expected it to be closer to neutral

說你預計它會更接近中性

this quarter and that it was a positive in Q3.

本季度，並且在第三季度是積極的。

In Q3, it definitely was a

在第三季度，這絕對是

positive, as the lagging quarter effect was

積極的，因為滯後季度效應是

working off of pricing which was considerably

處理相當大的定價

lower late last year.

去年底走低。

Okay. Right. All right.

好的。正確的。好的。

Maybe switching gears, another question. I mean,

也許換檔，另一個問題。我是說，

sort of at a higher level, what do you guys at

有點高大上，你們是做什麼的

this point think your competitive advantages are

這一點認為你的競爭優勢是

in the DRAM business and sort of excluding any

在 DRAM 業務中並排除任何

acquisitions, how can you roll market share here

收購，你怎麼能在這裡滾動市場份額

in the next couple of quarters?

在接下來的幾個季度？

Well, I think our

好吧，我認為我們的

objective is to utilize the capacity that we have

目標是利用我們擁有的能力

as most efficiently as possible. Obviously we

盡可能最有效。顯然我們

have the dominion site that we're going to go

有我們要去的統治網站

through a conversion. Clearly, we think we're

通過轉換。顯然，我們認為我們是

still a low-cost producer as a result of our

仍然是低成本的生產商，因為我們的

process efficiency, and obviously we - we have a

流程效率，顯然我們 - 我們有一個

lot of operations around the world to spread out

在世界各地開展大量業務以展開

our R and D costs.

我們的研發成本。

So we think we're in pretty good shape.

所以我們認為我們的狀態非常好。

Okay. That's great. Thanks a

好的。那太棒了。謝謝

lot.

很多。

Thank you, Mr. Parker.

謝謝你，帕克先生。

Our next question of the evening comes from Joe

我們今晚的下一個問題來自喬

OSHA. Please enclose your affiliation and proceed

職業安全與健康管理局。請附上您的隸屬關係並繼續

with your question, sir.

帶著你的問題，先生。

Yeah. Hi, guys. Merrill

是的。嗨，大家好。美林

Lynch. A couple quickies. First, it seems like

林奇。幾個快手。首先，好像

the timetable in terms of the sell-through of

售罄的時間表

written-down inventory has shifted a little bit.

減記的庫存發生了一點變化。

Can y'all give me some sense as to why, you know,

你們能告訴我為什麼嗎，你知道，

more of that appears to be occurring in the future

未來似乎會發生更多

than in the present?

比現在？

Secondly, you know, obviously inventory was up.

其次，你知道，顯然庫存增加了。

Can you give us some sense, you know, late in the

你能不能給我們一些感覺，你知道，在後期

quarter we did start to see a little bit of

季度我們確實開始看到一點點

reversal in spot prices. Have you seen that

現貨價格反轉。你看到了嗎

inventory number begin to move the other direction

庫存數量開始向另一個方向移動

at all?

有嗎？

And then third and finally, can you give us some

然後是第三個，也是最後一個，你能給我們一些嗎

sense, to the extent you can, wafers, you know,

感覺，在你可以的範圍內，晶圓，你知道的，

dye, whatever, into how much additional output the

染料，無論如何，成多少額外的輸出

Toshiba facility is going to add to your company?

東芝工廠將加入貴公司嗎？

Thanks.

謝謝。

To the first part of your

到你的第一部分

question, Joe, at the second-quarter conference

問題，喬，在第二季度的會議上

call, we had indicated that we expected about 50%

電話，我們曾表示我們預計大約 50%

of the then-remaining inventory write-down effect

當時剩餘的存貨減記效應

to pass to the third quarter. We're repeating

傳到第三節。我們在重複

that guidance, actually, now, at the third

那個指導，實際上，現在，在第三

quarter. It does - or it would theoretically

四分之一。它確實 - 或者理論上它會

vary by way of product mix. As we looked at it

因產品組合而異。當我們看著它

today, as we looked at it through the third

今天，當我們通過第三

quarter close, it still looks about 50% of the

季度結束時，它看起來仍然是大約 50%

remaining $110 million will pass through Q4.

剩餘的 1.1 億美元將通過第四季度。

On the inventory piece,

在庫存片上，

Joe - this is Mike speaking - yeah, our

喬 - 這是邁克 - 是的，我們的

inventory did go up throughout the quarter. Since

整個季度的庫存確實增加了。自從

the end of the quarter - actually, in the last

季度末——實際上，在最後一個

couple weeks of the quarter, it basically remained

本季度的幾個星期，它基本上保持不變

flat-ish and since the end of the quarter or since

持平，自本季度末或自

we're three-and-a-half weeks into the new quarter,

我們已經進入新季度三個半星期了，

it's come down slightly. That has coincided with

它略有下降。這恰逢

what I would perceive as a general uptick in

我認為普遍上升

demand, both from the OEM side as well as the spot

來自OEM端和現貨的需求

side. On the spot side, it's resulted in a - in

邊。在現場，它導致了一個-in

a price pickup of in the range of 20 to 30% in the

價格上漲幅度在 20% 到 30% 之間

spot market off the lows of three, four weeks ago.

現貨市場脫離三、四個星期前的低點。

And Joe, this is Kip. I'll

喬，這是基普。患病的

follow up on the wafer outs. Relative to the

跟進晶圓出局。相對於

Manassas facility, we're looking at between 3500

馬納薩斯工廠，我們正在尋找 3500 之間

and 4,000 outs a week.

每周有 4,000 次出局。

And that's what it's doing now

這就是它現在正在做的事情

or that's what it's capable of?

或者這就是它的能力？

Yeah, we're on the lower

是的，我們在低處

end of that today. It's actually capable of

今天結束。它實際上能夠

significantly higher. On prior calls, we've

明顯更高。在之前的電話中，我們已經

talked upwards in the neighborhood of 16 to

在 16 附近向上交談

20,000.

20,000。

Per - okay. Per week?

每 - 好的。每個星期？

In terms of based on the

在基於

square footage that's available there.

那裡可用的平方英尺。

Okay. But it's facilitized to

好的。但它有利於

produce less than that now, right.

現在生產的比這少，對吧。

That's right. It would

這是正確的。它會

have to be - obviously, we would have to

必須——顯然，我們必須

facilitize it for the entire capacity to be

促進它的全部能力

utilized there, and in all likelihood, in the time

在那裡使用，而且很可能在當時使用

frame, it would be 300 millimeter.

框架，它將是 300 毫米。

Okay. So 300-mil could go

好的。所以3億可以去

into that fab?

進那個工廠？

Yes, definitely.

當然是。

Okay. Thank you very much.

好的。非常感謝。

You bet, Joe.

你打賭，喬。

Thank you, Mr. OSHA. Our

謝謝你，OSHA 先生。我們的

next question of the evening comes from John

今晚的下一個問題來自約翰

cross. Please announce your affiliation and

叉。請宣布您的隸屬關係和

proceed with your question, sir.

繼續你的問題，先生。

Morgan Stanley. Thanks.

摩根士丹利。謝謝。

Could you address or maybe talk about, if you

你能解決或談論，如果你

could, kind of the impact of the DOJ antitrust

DOJ 反壟斷的影響

investigation and the other things on the

調查和其他事情

industry, just big-picture, kind of time line, and

行業，只是大圖，一種時間線，以及

in your opinion, does that quell any potential

在您看來，這是否會消除任何潛在的

consolidation and just kind of looking big-picture

整合和看起來大局

where the industry is now, given the demand/supply

鑑於需求/供應，該行業現在在哪裡

situation?

情況？

Well, obviously we're -

好吧，顯然我們是——

this just occurred, so we don't really have

這只是發生了，所以我們真的沒有

anything new to say beyond the press release would

新聞稿之外的任何新內容都會

you like to ask another question, John?

你想問另一個問題嗎，約翰？

Sure. Could you talk a little

當然。你能談談嗎

bit more focused on the inventory side kind of the

更專注於庫存方面的那種

inventory, is that - is inventories at OEMs lean

庫存，是 - 原始設備製造商的庫存是否精益

in the channel? Could you give a sense of kind of

在頻道裡？你能給我一種感覺嗎

where you think overall inventory is, at your

您認為整體庫存在哪裡，在您的

customers and out in the channel?

客戶進出渠道？

Sure. John, I'll

當然。約翰，我會

address that.

解決這個問題。

On the channel side - actually I won't address

在渠道方面 - 實際上我不會解決

the channel side. You'd have to ask our customers

渠道方。你得問我們的客戶

that. I have no idea what they may or may not

那。我不知道他們可能會或可能不會

have in the channels. With respect to what they

有在渠道。關於他們

have in our - the hubs that we operate at the

在我們的 - 我們在

customer sites, very little. We obviously manage

客戶網站，很少。我們顯然管理

that inventory and it's at negligible levels right

那個庫存，它的水平可以忽略不計

now. My perception would be that the amount of

現在。我的看法是

raw DRAM inventory they might be sitting on is

他們可能持有的原始 DRAM 庫存是

negligible, if not zero. The amount of inventory

如果不為零，則可以忽略不計。庫存量

that we have on our shelves is certainly up from

我們貨架上的東西肯定是從

where it was a quarter ago but it's not

一個季度前的地方，但不是

particularly concerning to me. It's significantly

對我來說尤其重要。這是顯著的

lower than it was this time last year. So not -

低於去年這個時候。所以不是——

not too concerned about it.

不太關心它。

Okay. Maybe finally, capex,

好的。也許最後，資本支出，

just an update on spending for this fiscal year

只是本財年支出的更新

and outlook for next?

以及下一步的展望？

Yeah. For fiscal year

是的。財政年度

'02, it will run between 900 million and a

'02，它將運行在 9 億和

billion. That really will fluctuate a little bit

十億。那真的會有點波動

just by timing of equipment deliveries here late

只是設備交付的時間晚了

in the fiscal year.

在財政年度。

For fiscal year '03, it could run at the billion

對於 03 財年，它可能會達到 10 億

dollar levels, you know, pretty consistent with

美元水平，你知道，與

fiscal year '02, or it could run as high as

'02 財政年度，否則它可能會高達

1.5 billion, depending upon just how market

15億，取決於市場如何

conditions shape up late this year.

條件在今年年底形成。

So that would suggest that

所以這表明

there's quite a bit of spending remaining to be

還有相當多的支出

done in the fiscal year, given the three quarters

考慮到三個季度，在本財年完成

to date?

迄今為止？

Yes. The - there's about

是的。 - 關於

400 million which we are anticipating coming

4億，我們期待著到來

through Q4, and as I mentioned, some of that could

到第四季度，正如我所提到的，其中一些可能

slide into the first part of next year.

滑入明年上半年。

Okay. All right. Thanks very

好的。好的。非常感謝

muchsome.

很多。

Thanks, Joe.

謝謝，喬。

Our next question comes from

我們的下一個問題來自

John Joseph. Please announce your affiliation and

約翰約瑟夫。請宣布您的隸屬關係和

proceed with your question.

繼續你的問題。

Yes. Salomon Smith Barney.

是的。所羅門美邦。

Mike, just wanted to flesh out a little bit your

邁克，只是想充實一點你的

outlook on customer demand. Have you begun to see

客戶需求展望。你開始看到了嗎

any back-to-school pickup yet or when would you

任何返校接送，或者你什麼時候會

expect to see that? And are you expecting, you

期待看到嗎？你期待嗎，你

know, a sort of a - the normal seasonal second

知道，一種 - 正常的季節性秒

half that you're talking about, or do you think

你說的一半，或者你認為

it's going to be less than normal?

它會比正常少嗎？

Well, John, I've

好吧，約翰，我已經

seen - if I just take what our customers tell us,

見過 - 如果我只是按照我們的客戶告訴我們的，

I think I could probably generally categorize that

我想我大概可以大致分類

as typical seasonal increase in demand in the

作為典型的季節性需求增長

second half. If we look at the recent take rates

下半場。如果我們看一下最近的利率

or the recent buy rates from our major customers,

或我們主要客戶最近的購買率，

certainly over the past four-week period, they're

當然在過去的四個星期裡，他們

up significantly over the previous four-week

與前四個星期相比顯著上升

period. You know, in the range of greater than

時期。你知道，在大於的範圍內

30% higher in terms of megabit consumption in the

在兆比特消費方面高出 30%

last four weeks versus the preceding four weeks,

過去 4 週與前 4 週相比，

so those are positive signs from my viewpoint.

所以從我的角度來看，這些都是積極的跡象。

I'm not sure if that - that addressed your

我不確定這是否解決了你的問題

question.

問題。

Yeah. Are you beginning to

是的。你開始

see - is this just a little inventory bounce or

看 - 這只是一個小庫存反彈或

is this the beginning of a - of a trend or is it

這是趨勢的開始還是它

just really too early to know?

真的太早知道了嗎？

You know, it's too

你知道，這也是

early to tell. I think - I think I could almost,

早說。我想 - 我想我幾乎可以，

with certainty, say that some of this increase in

可以肯定地說，其中一些增加

demand is due to a re-acceleration of memory

需求是由於記憶的重新加速

content per box. As far as whether this is an

每個盒子的內容。至於這是否是

early buildup of systems for back-to-school

儘早建立返校系統

selling season, I really couldn't say. I think

銷售旺季，我真的說不上來。我認為

you'd probably be better off asking our customers

你最好問問我們的客戶

that question.

那個問題。

Okay. A quick follow-up. The

好的。快速跟進。這

recent uptick in spot market pricing, is that

最近現貨市場價格上漲，是

partly because your sales were down? There's some

部分是因為你的銷售額下降了？有一些

talk about (inaudible) having some manufacturing

談論（聽不清）有一些製造

problems. Do you think there was just less

問題。你認為只有更少

product on the market so prices have ticked up a

市場上的產品，因此價格上漲了

little bit or do you think maybe demand pull or

一點點，或者你認為可能是需求拉動還是

maybe some of both.

也許兩者兼而有之。

I can only speak from our

我只能從我們的

standpoint, and we've had enough inventory to feed

立場，我們有足夠的庫存來餵

into the spot market while prices have been going

在價格上漲的同時進入現貨市場

up, so I don't think there have been a lot of

up，所以我不認為有很多

orders in the spot market that we weren't able to

我們無法在現貨市場上的訂單

fill. So I - the only thing I contribute it to

充滿。所以我——我唯一貢獻的東西

is demand.

是需求。

Okay. Thanks.

好的。謝謝。

Thank you, sir. Our next

謝謝你，先生。我們的下一個

question comes from Bill (inaudible). Please

問題來自比爾（聽不清）。請

announce your affiliation and proceed with your

宣布您的隸屬關係並繼續您的

question, sir.

問題，先生。

Advisors. And I was curious.

顧問。我很好奇。

Relative to dominion, what was the effect in the

相對於統治，在

third quarter - in the third quarter,

第三季度 - 在第三季度，

specifically, and in the Q, you folks identified

具體來說，在 Q 中，你們確定了

the fact that basically that is a cost structure

事實上，基本上這是一個成本結構

equivalent to the current Micron cost structure,

相當於目前的美光成本結構，

and going back to the analysts' meeting, that

回到分析師會議上，那

sounds a little bit different. Can you give us

聽起來有點不同。你能給我們嗎

some perspective there?

那裡有一些觀點？

And then separately, megabit sales or demand, how

然後分別，兆位銷售或需求，如何

would you - what's the percentage change versus

你會 - 百分比變化與

the fiscal Q3 of '01, so the year-ago level? You

'01 的財政 Q3，那麼一年前的水平？你

talked about a 17% sequential decline, looking for

談到環比下降 17%，尋找

year-over-year change also, please.

也請逐年變化。

On the Manassas operation,

在馬納薩斯行動中，

or the dominion facility, until we have our

或統治設施，直到我們擁有我們的

process technology and ramp the facility to a

工藝技術和坡道設施

noticeably higher volume, we aren't going to get

明顯更高的音量，我們不會得到

the benefit of the, if you will, fairly cheap

如果你願意的話，它的好處相當便宜

purchase price. So I think we indicated at -

購買價格。所以我認為我們在 -

early in the year, at the analysts' conference

今年年初，在分析師會議上

that ultimately we would expect to enjoy a

最終我們希望享受

noticeable benefit by way of the reduced purchase

通過減少購買獲得顯著收益

price, but that really will not be enjoyed until

價格，但這真的不會享受，直到

we can get the process technology and the ramp

我們可以得到工藝技術和坡道

completed.

完全的。

Bill, on the second

比爾，在第二

part of your question, I don't have those numbers

你問題的一部分，我沒有這些數字

at my fingertips but I'm happy to follow up with

觸手可及，但我很高興跟進

you after the call.

你打電話後。

Our next question comes from

我們的下一個問題來自

David Wu. Please announce your affiliation and

吳大衛。請宣布您的隸屬關係和

proceed with your question, David.

繼續你的問題，大衛。

Yes, Wedbush Morgan

是的，韋德布什摩根

securities. Gentlemen, what was the production -

證券。先生們，什麼是生產-

I know what the shipments were. What were the

我知道貨物是什麼。是什麼

production ramp in the third quarter and what are

第三季度的產量增長以及什麼是

your plans for Q4?

Q4的計劃？

David, we were up

大衛，我們起來了

about - approximately 30% sequential bit growth

大約 - 大約 30% 的連續位增長

production and we're looking at about high teens

生產，我們正在研究高青少年

for our fiscal Q4 over fiscal Q3.

對於我們的第四財季第三財季。

Do you expect inventory to be

你期望庫存是

down?

下？

I can't make any

我什麼都做不了

prediction on what direction inventories are going

預測庫存的走向

to go. Obviously that's going to depend on what

去。顯然這將取決於什麼

we see in terms of back to school and box loading.

我們在返校和裝箱方面看到。

Okay. Thanks.

好的。謝謝。

Thank you, Mr. Wu.

謝謝吳先生。

Our next question comes from Dan Niles. Please

我們的下一個問題來自 Dan Niles。請

enclose your affiliation and proceed with your

附上您的隸屬關係並繼續您的

question.

問題。

Lehman Brothers. Steve, maybe

雷曼兄弟。史蒂夫，也許

this is for you, you know, when - as you look at

這是給你的，你知道的，當你看的時候

how pricing sort of gets set in the DRAM industry,

DRAM 行業如何定價，

you know, now with less players relative to, you

你知道，現在相對於你的玩家更少了

know, how it was sort of getting set four or five

知道，它是如何設置四五

years ago when there were more players, it doesn't

幾年前，當有更多的玩家時，它並沒有

seem as though there's a whole lot more stability

似乎有更多的穩定性

right now or that it's, you know, getting set in

現在或者是，你知道，開始

any particularly different way than it was four or

任何特別不同的方式，而不是四個或

five years ago, in terms of supply and demand

五年前，在供需方面

really driving the pricing levels as opposed to

真正推動定價水平，而不是

something else that's happening out there.

那裡正在發生的其他事情。

I mean, what's your kind of take on where pricing

我的意思是，你對哪裡的定價有什麼看法

is and, you know, how that's moving around and

是，你知道，它是如何四處移動的

fluctuating?

波動？

Well, there's still a

嗯，還有一個

lot of players in the industry, so supply and

該行業的參與者很多，因此供應和

demand, as far as we can tell, still dictates what

據我們所知，需求仍然決定著什麼

happens in the marketplace.

發生在市場上。

Okay. And then how much

好的。然後多少錢

effect do you think things like the natural

效果你覺得像自然的東西嗎

consolidation you're seeing in the industry -

您在行業中看到的整合 -

obviously, you know, you've gone ahead and bought

顯然，你知道，你已經買了

the Manassas facility and obviously there's talks

馬納薩斯工廠，顯然有會談

about what Heinicks will or will not be able to

關於 Heinicks 將或不能做什麼

going forward. You know, sort of how do you see

往前走。你知道，你怎麼看

that having influenced pricing over the last, you

過去影響了定價，您

know, quarter or two and, you know, what kind of

知道，四分之一或兩個，你知道，什麼樣的

impact, if any, do you sees that kind of as we go

影響，如果有的話，你有沒有看到我們去的那種

through the rest of this year, given some of the

在今年剩下的時間裡，考慮到一些

public statements made by the Koreans in terms of

韓國人公開聲明

their plans to, you know, do something with

他們計劃，你知道，做某事

Heinicks or not.

海尼克斯與否。

Well, I don't have any

嗯，我沒有

input on historical impact and maybe this is an

對歷史影響的投入，也許這是一個

opportunity just to give you a quick update on

機會只是給你一個快速更新

Heinicks. We don't have any ongoing discussions

海尼克斯。我們沒有任何正在進行的討論

with them right now and I think it's obvious that

現在和他們在一起，我認為很明顯

Heinicks has their own set of challenges to go

海尼克斯有自己的挑戰要走

through before they ultimately decide what happens

在他們最終決定會發生什麼之前通過

with that company between the creditors. The

與債權人之間的該公司。這

shareholders of the company and so forth. So we

公司股東等。所以我們

are somewhat just in a neutral position right now

現在有點中立

with no engagement.

沒有訂婚。

Okay. And then maybe Mike,

好的。然後也許邁克，

this is for you. Two things that seem to be

這是給您的。似乎是兩件事

happening. It seems as though DDR demand has

正在發生。似乎 DDR 需求已

picked up pretty rapidly, and could you now talk

恢復得很快，你現在能談談嗎

about, you know, the inventory of DDR that you

關於，你知道的，你知道的 DDR 庫存

actually have available, you know, relative to the

實際上有可用的，你知道的，相對於

SDRAM stuff and the trends you're seeing there,

SDRAM 的東西和你在那裡看到的趨勢，

because it seems, at least from my vantage point,

因為看起來，至少從我的角度來看，

that DDR production, from a global basis, is maybe

從全球範圍來看，DDR 的生產可能是

not been ramped as hard as need be, given some of

考慮到一些

the demand that we're seeing out there from the PC

我們從 PC 看到的需求

vendors.

供應商。

And the second thing is, in terms of commercial PC

第二件事是，就商用 PC 而言

memory per box, it's about 177, I think, with

每盒內存，我想大約是 177

consumer around 275, and that's a pretty big

消費者大約 275，這是一個相當大的

difference between the two. Can you kind of talk

兩者的區別。你能談談嗎

about, you know, why you think it's so wide right

關於，你知道，為什麼你認為它這麼寬是對的

now, and then where you think that gap might be by

現在，然後你認為差距可能在哪裡

the end of this year or early next year?

今年年底還是明年初？

Okay. On the - the

好的。在 - 上

first question, I probably would have answered it

第一個問題，我可能會回答

differently, had you asked me a month ago. I

不同的是，你一個月前問過我嗎？我

think we - I can't speak for our competitors but

認為我們 - 我不能代表我們的競爭對手，但

I think we were ahead of the curve in terms of

我認為我們在曲線方面處於領先地位

ramping our DDR production more rapidly than the

提升我們的 DDR 生產速度比

market was willing to take or was able to take,

市場願意接受或能夠接受，

and that's changed quite a bit in the last 30

在過去的 30 年裡，情況發生了很大變化

days, Dan. As you - as you mentioned, DDR demand

天，丹。正如你所提到的，DDR 需求

has picked up quite a bit. I would presume that's

已經回升了不少。我想那是

tied to the chip set support of DDR that happens

與發生的 DDR 的芯片組支持有關

to be available in the market for some

可以在市場上買到一些

high-performance P4 systems, and our inventory

高性能 P4 系統和我們的庫存

levels, I don't have the - the numbers -

水平，我沒有 - 數字 -

specific numbers at my fingertips but they have

我觸手可及的具體數字，但他們有

come down, specifically oDDR in the past - in the

下來，特別是過去的 oDDR - 在

past 30 days or so, and I think we're - we're

過去 30 天左右，我認為我們是 - 我們是

poised for a pretty - pretty steep ramp here of

準備在這裡進行一個相當陡峭的斜坡

DDR penetration through the second half of the

DDR滲透到下半年

year.

年。

So generally, about as we have been depicting,

所以一般來說，就像我們一直在描述的那樣，

although we did get ahead of the curve a little

儘管我們確實領先了一點

bit on DDR production in the spring time. At

關於春季DDR生產的一些信息。在

least ahead of what the market was able to digest.

至少領先於市場能夠消化的東西。

But I don't think that's the case at this point

但我認為目前情況並非如此

anymore.

了。

On the consumer versus commercial PC, you're

在消費者與商用 PC 上，您是

correct. There is a very significant disparity

正確的。存在非常顯著的差異

with respect to - at least according to the

關於 - 至少根據

third-party sources that monitor this memory

監控此內存的第三方來源

content per system.

每個系統的內容。

I think it's on the order of a hundred and

我覺得大概一百多

seventy, a hundred and eighty megabits for a

七十，一百八十兆比特

commercial desktop versus 270 for a consumer PC.

商用台式機與消費 PC 的 270 相比。

I think the principal reason for the disparity is

我認為造成差距的主要原因是

due to the high attach rate of Windows XP for the

由於 Windows XP 的高附加率

consumer platforms. If I'm not mistaken, it's

消費平台。如果我沒記錯的話是

very close to a hundred percent. And most of

非常接近百分之一百。而且大部分

those systems are either demanding or being loaded

這些系統要么要求高要么正在加載

with 256 megabytes of memory. At least 256

具有 256 兆字節的內存。至少 256

megabytes of memory.

兆字節的內存。

I would attribute the lag on commercial desktop -

我會將延遲歸因於商業桌面 -

which, by the way, is relatively unprecedented.

順便說一句，這是相對史無前例的。

This has not been the case, with the exception of

情況並非如此，除了

the last year. I would attribute it to lackluster

去年。我將其歸因於乏善可陳

demand for - on the commercial side, hesitance of

需求 - 在商業方面，猶豫不決

corporations to do spending for IT equipment, and

企業為 IT 設備進行支出，以及

as a result, very low penetration rates of Windows

因此，Windows 的滲透率非常低

XP in the commercial space.

XP 在商業領域。

If we - I would presume, based on my own

如果我們 - 我會假設，基於我自己的

knowledge as well as what customers are telling

知識以及客戶所說的

us, that when we do see an uptick in spending for

我們，當我們確實看到支出增加時

IT equipment from corporations, an increase in

來自企業的 IT 設備，增加

memory content per box will accompany that. But

每個盒子的內存內容將伴隨著它。但

we've yet to see it to date.

迄今為止，我們還沒有看到它。

I guess is there any reason in

我想有什麼理由

the future where - why those two numbers - and

未來在哪裡 - 為什麼這兩個數字 - 和

maybe it's not six months, maybe it's more like 12

也許不是六個月，也許更像是 12

months. That when you get that upgrade cycle on

個月。當您啟動升級週期時

the commercial side, that the commercial box

商業方，即商業箱

loading numbers won't get close to the consumer

加載數字不會接近消費者

stuff? Obviously, you've got things like graphics

東西？顯然，你有圖形之類的東西

Ram and stuff that's higher on the consumer side

內存和消費端更高的東西

but -

但 -

That's correct.

這是正確的。

Typically a consumer PC will have a higher content

通常，消費類 PC 將具有更高的內容

of graphics memory but if you look at historical

圖形內存，但如果你看歷史

data, which we obviously track pretty closely,

數據，我們顯然非常密切地跟踪，

typically the commercial PC is a leading indicator

通常商用 PC 是領先指標

or actually higher memory content per system than

或者實際上每個系統的內存內容高於

the consumer PC, and I am not aware of any reason

消費PC，我不知道任何原因

that those two won't be closely aligned here, once

這兩個不會在這裡緊密對齊，一次

the market normalizes somewhat.

市場有所恢復正常。

Great. Well, thank you very

偉大的。嗯，非常感謝

much.

很多。

Sure.

當然。

Our next question comes from

我們的下一個問題來自

Charles Boshear. Please announce your affiliation

查爾斯·博希爾。請公佈您的隸屬關係

and proceed with your question, sir.

繼續你的問題，先生。

It's Bear Stearns, and just a

這是貝爾斯登，只是一個

couple of follow-up questions to earlier ones.

幾個後續問題到較早的問題。

First, could you roughly break out what your

首先，你能大致打破你的

percentage of DDR wafer starts are today, and just

DDR 晶圓開始的百分比是今天，而且只是

was wondering if you could provide a little color

想知道你能不能提供一點顏色

on how the quarter developed. With a 17% decline

關於本季度的發展情況。下降 17%

in bits shipped, was that something that was

在運送的比特中，那是什麼

fairly weak throughout the quarter or did things

整個季度相當疲軟或做了一些事情

take more of a sharp downturn in the last month or

在上個月經歷更多的急劇下滑或

so?

所以？

Charles, I'll take the

查爾斯，我來

first part of that. This is Kip. We're running

第一部分。這是基普。我們在奔跑

today approximately 30 to 35% of our wafer outside

今天大約 30% 到 35% 的晶圓在外面

on DDR. The sales guys have - have that

在 DDR 上。銷售人員有 - 有那個

increasing to around 40% in our fiscal Q4 and then

在我們的第四財季增加到 40% 左右，然後

over 50% as we get into the fall time frame.

當我們進入秋季時間框架時，超過 50%。

On the - the

在 - 上

uniformity of the demand, if you will, throughout

需求的一致性，如果你願意的話，貫穿始終

the quarter, we saw things start to deteriorate or

本季度，我們看到情況開始惡化或

start to soften in the first month of the quarter.

在本季度的第一個月開始走軟。

If I'm not mistaken, our - probably our weakest

如果我沒記錯的話，我們的——可能是我們最弱的

shipment month in terms of megabits, was the

以兆比特計的出貨月份，是

middle month of the quarter, but we saw things

本季度的中月，但我們看到了一些事情

start to weaken pretty quickly in the quarter and

本季度開始迅速減弱，並且

the prices actually started to degrade towards the

價格實際上開始下降

end of the first month.

第一個月末。

Okay. And you - you have

好的。而你——你有

seen a pickup in the last 30 days in terms of bit

過去 30 天的比特率有所回升

shipments and prices and inventories have started

出貨和價格和庫存已經開始

to - the needle is starting to move back the

to - 針開始向後移動

other way a little bit is what it sounds like. Is

聽起來有點像其他方式。是

that correct?

對嗎？

We absolutely have.

我們絕對有。

We're three-and-a-half weeks into a new quarter,

我們進入新季度已經三個半星期了，

and the - you know, whatever metric you choose,

和 - 你知道，無論你選擇什麼指標，

whether it's the average selling price or the

無論是平均售價還是

megabit shipments or the DDR take rate, things

兆位出貨量或 DDR 佔用率，事情

have definitely improved in the last

最近肯定有所改善

three-and-a-half weeks.

三個半星期。

And when - last question is:

什麼時候 - 最後一個問題是：

When do you expect to see your first increase in

你預計什麼時候會看到你的第一次增長

output from the Manassas facility?

馬納薩斯工廠的輸出？

Right now, the - the

現在，

manufacturing plan is to keep it in that 3500 to

製造計劃是將其保持在 3500 到

4,000 wafer outs. We get it transitioned over to

4,000 個晶圓輸出。我們讓它過渡到

our technology sometime towards the end of the

我們的技術在某個時候接近尾聲

year and after that, the market will kind of

一年之後，市場將

determine, Charles, how we ramp.

確定，查爾斯，我們如何坡道。

Okay. Great. Thanks very

好的。偉大的。非常感謝

much.

很多。

You bet.

你打賭。

Our next question comes from

我們的下一個問題來自

Hans Mosesmon. Please announce your affiliation

漢斯·摩西蒙。請公佈您的隸屬關係

and proceed with your question, sir.

繼續你的問題，先生。

Yes. Prudential. A question

是的。審慎。一個問題

regarding the mix of your DRAMs by technology

關於您的 DRAM 的技術組合

node. Thanks.

節點。謝謝。

Sure. Do you have anything

當然。你有什麼東西嗎

specific or do you want me to just to run through

具體還是你想讓我只是跑一遍

them real quickly?

他們真的很快嗎？

Yeah. .13, .15, what

是的。 .13, .15, 什麼

percentage of your wafer outs -

您的晶圓輸出百分比 -

Sure, sure. In Q3,

一定一定。在第三季度，

question ran about 30% of our output at .18.

問題在 0.18 處占我們輸出的大約 30%。

We're over 60% at .15. And we're high single

我們在 0.15 時超過 60%。我們是高單身

digits on the .13. And that's starting to move up

.13 上的數字。這開始上升了

pretty rapidly here in the next couple of

在接下來的幾個

quarters. We're still on target to have the sites

宿舍。我們仍然有目標擁有這些網站

worldwide converted to our .13 technology sometime

全球有時會轉換為我們的 .13 技術

early next year. Calendar year.

明年初。公曆年。

That's it. Thanks a lot.

而已。非常感謝。

You bet, Hans.

你打賭，漢斯。

Our next question comes from

我們的下一個問題來自

Nema (inaudible). Please announce your

尼瑪（聽不清）。請公佈你的

affiliation and proceed with your question.

隸屬關係並繼續處理您的問題。

Mr. (inaudible), your line is live.

先生（聽不清），您的電話正在直播。

Our next question comes from Dan Scovel. Please

我們的下一個問題來自 Dan Scovel。請

announce your affiliation and proceed with your

宣布您的隸屬關係並繼續您的

question, sir

問題，先生

Yes. Needham and Company.

是的。尼達姆公司。

Can you comment on your mix of spot market

你能評論一下你的現貨市場組合嗎

business and - and the prices as they sort of

業務和 - 以及它們的價格

unfolded throughout the quarter and where they're

在整個季度以及他們所在的地方展開

at now?

現在？

Yes. Today - let me

是的。今天——讓我

answer the last part first. Today they're in the

先回答最後一部分。今天他們在

range of around 2, 250 from one megabit equivalent

範圍約為 2, 250，相當於 1 兆比特

and that would be the same for DDR or SDRAM and

這對於 DDR 或 SDRAM 和

throughout the quarter, they went down. I think

整個季度，他們都在倒下。我認為

probably in the quarter that we're talking about,

可能在我們正在談論的那個季度，

the lowest price is probably the price on the last

最低的價格可能是最後的價格

day, if I'm not mistaken, and our mix of business

一天，如果我沒記錯的話，我們的業務組合

was - we put approximately 15 to 20% of our

是 - 我們投入了大約 15% 到 20% 的

material in the spot market in the quarter.

本季度現貨市場的材料。

Is - has that going - is

是 - 有沒有 - 是

that trending upward now or is that staying pretty

現在呈上升趨勢還是保持漂亮

steady.

穩定的。

You mean since the end

你是說從頭到尾

of the quarter?

本季度？

Yes.

是的。

It - I don't have that

它 - 我沒有那個

data at my fingertips.

數據觸手可及。

You earlier mentioned 300-mil.

您之前提到了 3 億。

What is your current plans of looking at the

你目前的計劃是什麼？

300-mil conversion?

3億轉換？

I pretty much on track with

我幾乎步入正軌

what we had announced before. You've probably

我們之前宣布的。你可能已經

seen some orders being released for

看到一些訂單被釋放

300-millimeter. Those are headed into the

300 毫米。那些正進入

Virginia facility. We expect those to land there

弗吉尼亞設施。我們希望那些降落在那裡

sometime this fall, and then again, a lot of that

今年秋天的某個時候，然後再一次，很多

is how we ramp the 300-millimeter just depends on

是我們如何傾斜 300 毫米取決於

market conditions and the cost competitiveness of

市場條件和成本競爭力

300-millimeter versus 200.

300 毫米與 200 毫米。

Okay.

好的。

And our next question comes

我們的下一個問題來了

as a follow-up from Joe OSHA. Your line is life,

作為喬 OSHA 的後續行動。你的線就是生命，

sir.

先生。

Okay. Thanks. Just to go

好的。謝謝。只是去

back to the - the inventory situation a little

回到——庫存情況有點

bit, do you - are you able to form a sense, you

比特，你——你能形成一種感覺嗎，你

know, maybe not looking at distributors, per se,

知道，也許不看分銷商本身，

but whether there was an inventory build earlier

但是之前是否有庫存構建

in your quarter at - you know, at your customers

在您所在的季度-您知道，在您的客戶那裡

that attenuated as the quarter progressed, or do

隨著季度的進展而減弱，或者確實

you have any sense that have at all?

你有什麼感覺嗎？

I think - again, this

我想——再一次，這

would just be my opinion I've formed through

只是我的意見，我已經形成了

looking at a variety of data, Joe.

看著各種數據，喬。

I believe that some of our customers probably

我相信我們的一些客戶可能

built some inventory in the first month of our

在我們的第一個月建立了一些庫存

fiscal quarter, which would have been March,

財政季度，本應是三月，

because they had concerns about price movement as

因為他們擔心價格變動

well as concerns about just strictly supply

以及對嚴格供應的擔憂

through the second quarter, and I think they were

通過第二季度，我認為他們是

somewhat surprised by some weakness in demand for

對一些需求疲軟感到有些意外

systems, and as a result, they bled off inventory

系統，因此，他們流失了庫存

throughout our quarter. My perception would be

整個我們的季度。我的看法是

that they don't have inventory today.

他們今天沒有庫存。

Okay. And then also, I - you

好的。還有，我——你

may have commented on this. I'm sorry if you

可能對此發表了評論。對不起，如果你

missed it. Or if I missed it. Are you still

錯過了。或者如果我錯過了。你是否還在

seeing 256 meg versus 128 meg premium in per bit

看到每比特 256 兆和 128 兆的溢價

terms, and if you are, what's driving that?

條款，如果你是，是什麼推動了這一點？

They are today selling

他們今天在賣

at virtual bit - price per bit parity.

在虛擬位 - 每位奇偶價格。

Okay. There had been some

好的。曾經有一些

speculation that there was unusual weakness in the

推測存在異常弱點

notebook market. Does the 128 versus 256 pricing

筆記本市場。 128 對 256 的定價

give you any insight into that, or do you have

給你任何洞察力，或者你有

anything - any observation to offer there?

任何東西 - 有什麼可以提供的觀察嗎？

With respect to your

關於你的

comment, it's a little surprised. You know, if

評論，有點意外。你知道，如果

there were one particular item that were - I

有一個特定的項目是 - 我

would characterize it being in very high demand,

將表徵它的需求量非常大，

it would be the particular configuration of a 256

這將是 256 的特定配置

megabit DRAM that's used for a notebook module.

用於筆記本模塊的兆位 DRAM。

The 16 megabit by 16 DRAM. But, no, I - no

16 兆位 x 16 DRAM。但是，不，我——不

comment other than that.

除此之外的評論。

Okay. Thanks a lot.

好的。非常感謝。

Thank you, Mr. OSHA. Our

謝謝你，OSHA 先生。我們的

next question of the evening comes from ma nearby

晚上的下一個問題來自附近的ma

guy yeah. Employee's announce your affiliation

伙計，是的。員工宣布您的隸屬關係

and employee with your question, sir.

先生，還有您的問題的員工。

Yeah. (inaudible). Could you

是的。 （聽不清）。您可以...嗎

please talk about what was the sequential bit

請談談順序位是什麼

production growth during the quarter?

本季度產量增長？

Yeah, ma nearby, this is

是的，附近的媽媽，這是

Kip. Yeah, we were up approximately 30% in our

基普。是的，我們的股價上漲了大約 30%

fiscal Q3 over Q2 for production.

財政 Q3 超過 Q2 的生產。

And could you talk about the

你能談談

cost per bit or just the cost of a part, where you

每比特成本或只是零件的成本，您在哪裡

are for 256 meg part?

是 256 兆的部分嗎？

We don't want to give out

我們不想放棄

any specifics on that, as we know that most of our

任何細節，因為我們知道我們的大多數

competitors are probably listening to us, but I

競爭對手可能在聽我們的，但我

can tell you that based on where we are in terms

可以告訴你，根據我們在哪裡

of wafer outs per week and where we are in terms

每週的晶圓出貨量以及我們所處的位置

of beginning the transition to .13, our costs are

開始過渡到 .13 時，我們的成本是

roughly equal to where we were a couple of

大致相當於我們幾個

quarters ago. And as I mentioned earlier, we have

幾個季度前。正如我之前提到的，我們有

some pretty - some pretty big moves going to .13

一些漂亮 - 一些相當大的動作將達到 0.13

here and with the Manassas facility on and we'll

在這里和馬納薩斯設施，我們將

have three months of that, then we should be able

有三個月的時間，那麼我們應該可以

to have a couple quarters here of reducing cost

在這裡有幾個季度可以降低成本

per bit.

每比特。

So on an average, did your

所以平均而言，你的

cost for a 128 meg part or 256 meg part decline

128 meg 部分或 256 meg 部分下降的成本

sequentially?

依次？

Well we're not going again

好吧，我們不會再去了

answer any specific questions on that.

回答任何具體問題。

I see. Now, if - once you

我懂了。現在，如果 - 一旦你

include the Toshiba factory in your next quarter,

在你的下個季度包括東芝工廠，

do you think the cost of part on an average will

你認為零件的平均成本會

decline? Despite the benefit in Boise, do you

衰退？儘管博伊西有好處，你有沒有

think the Toshiba facttory alone will carry higher

認為僅東芝工廠將承載更高

cost. Do you think on a what of average will it

成本。你認為它的平均水平是多少？

be a wash or do you think on an average your costs

洗個澡還是你平均認為你的成本

will improve.

會改善。

I just don't want to goes

我只是不想去

into making any predictions really at this time,

在這個時候真正做出任何預測，

Maneesh. Sorry.

馬尼什。對不起。

Thank you.

謝謝你。

Our next question comes from

我們的下一個問題來自

Ty Nguyen. Please announce your proceeds and

泰阮。請公佈您的收益和

proceed with your question.

繼續你的問題。

Yeah, Robertson Stevens. I

是的，羅伯遜史蒂文斯。我

have a question. Do you see any pickup in demand

有一個問題。您是否看到任何需求回升

in the wireless -

在無線 -

We're having a tough time

我們過得很艱難

hearing you. If you wouldn't mind speaking up for

聽你的。如果你不介意為

us.

我們。

Sorry about that. Yeah. Do

對於那個很抱歉。是的。做

you see any demand improvement in the wireless in

您會看到無線網絡的任何需求改善

the handset for your SRAM in the flash business?

閃存業務中的 SRAM 手機？

We have seen some

我們已經看到了一些

steady improvement in the wireless business.

無線業務穩步提升。

Nothing to get too excited about, but demand has

沒什麼可太興奮的，但需求已經

gotten better from our perspective, at any rate.

無論如何，從我們的角度來看，它變得更好了。

In the past couple of quarters.

在過去的幾個季度。

And what percentage of your

你的百分比是多少

wafer out or your megabit sell contributed to

晶圓出局或您的兆比特銷售促成了

flash and SRAM?

閃存和SRAM？

It's in the single

它在單曲中

digits. 5%. Slightly less than that, possibly.

位數。 5%。可能比那個少一點。

Okay. And one last question.

好的。最後一個問題。

What is your capex for this quarter?

本季度您的資本支出是多少？

The capex? We're

資本支出？是

sorry. We didn't quite catch that.

對不起。我們沒有完全明白這一點。

For this quarter. What was

對於本季度。什麼是

your number for capex.

您的資本支出號碼。

Oh, for Q3.

哦，對於第三季度。

For Q3, question.

對於 Q3，問題。

I think it was just over

我想剛剛結束

200 million in Q3 and as we indicated, it could

第三季度達到 2 億，正如我們所指出的，它可以

run 400 million in Q4.

第四季度運行 4 億。

In Q4. Okay. Great. All

在第四季度。好的。偉大的。全部

right. Thank you.

正確的。謝謝你。

Our next question comes from

我們的下一個問題來自

Don Moriarity. Please announce your affiliation

唐·莫里亞蒂。請公佈您的隸屬關係

and proceed with your question, sir.

繼續你的問題，先生。

My question has been answered,

我的問題已經回答了

thank you.

謝謝你。

Thanks, do not, next

謝謝，不要，下一個

question please.

請提問。

Our next question comes from

我們的下一個問題來自

Ben Lynch. Please notify your affiliation and

本·林奇。請通知您的隸屬關係和

proceed with your question.

繼續你的問題。

Yeah. Ben Lynch with Deutsche

是的。本·林奇與德意志銀行

Banc. I just wanted to go back to another

銀行。我只是想回到另一個

question. Could I confirm that there was no

問題。我可以確認沒有

contribution at all from dominion in these

統治在這些方面的貢獻

results?

結果？

In terms of contribution,

在貢獻方面，

you mean -

你的意思是 -

In terms of sales or inventory

在銷售或庫存方面

change or pro - yeah, anything in the reported

改變或親 - 是的，報告中的任何內容

accounts.

帳戶。

We picked up the results

我們拿起了結果

of consolidation for dominion for - I'll have to

為統治合併 - 我必須

double-check. I can't think whether it's nine

再檢查一遍。我想不出是不是九

weeks. I'll have to double-check the number of

週。我將不得不仔細檢查數量

weeks in this quarter. But, yes, the Manassas

本季度的幾週。但是，是的，馬納薩斯

operation is part of the results. Kip had

操作是結果的一部分。基普有

indicated earlier that it has run 3500 to 4,000

早些時候表示它已經運行了 3500 到 4,000

wafer outs for the number of weeks, and

晶圓出廠數週，以及

(inaudible).

（聽不清）。

So the 30% Q on Q production

所以 Q 產量的 30% Q

growth includes nine weeks of dominion and the -

成長包括九週的統治和 -

I think the 19% change - sorry if I don't - I

我認為 19% 的變化 - 對不起，如果我不這樣做 - 我

don't worry about the number, but the change in

不要擔心數字，但變化

your bits shipped also includes contribution from

您運送的比特還包括來自

dominion and the change in inventories also

支配權和存貨的變化也

includes contribution from dominion. Could you

包括來自統治的貢獻。您可以...嗎

sort of give us a feel for on each one of these

讓我們對其中的每一個都有一種感覺

how much - the first one you've done. On the

多少錢——你做的第一個。在

other two, how much is coming from dominion,

另外兩個，有多少來自統治，

please.

請。

I'll double-check the

我會仔細檢查

number of weeks of dominion output that's in this

在這個中的統治輸出的周數

quarter and we'll clarify that before the end of

季度，我們將在結束前澄清這一點

the call.

通話。

And your second question was that - the amount of

你的第二個問題是 - 數量

increased inventory?

增加庫存？

Yes. Please.

是的。請。

We'll come back for those.

我們會回來的。

Yeah. One way to look at

是的。一種查看方式

that, if you'd like is we're - as an entire

那，如果你願意的話，我們是——作為一個整體

manufacturing organization, we're running mid-to

製造組織，我們正在中途運行

upper 40,000 wafer outs a week, and so if you put

每週超過 40,000 個晶圓，所以如果你把

that in reference to the 3500 to the 4,000, that

參考 3500 到 4,000，

will get you pretty close.

會讓你非常接近。

Okay. Great. So, yeah, that

好的。偉大的。所以，是的，那個

was the first question.

是第一個問題。

Also, you didn't know for sure how the contracts

另外，您不確定合同是如何執行的

(inaudible) mix had been in the first part of this

（聽不清）混音已經在這個的第一部分

quarter. Given that coming out of the last

四分之一。鑑於過去的

quarter, you were basically selling nothing on the

季度，你基本上什麼都沒賣

spot market and this was sort of explaining why

現貨市場，這有點解釋為什麼

there was this big delta between spot prices and

現貨價格和

contract prices, what would be your expectations

合同價格，您的期望是什麼

for the current quarter? Is the spot percentage

本季度？是現貨百分比

likely to increase further or do you think it's

可能會進一步增加還是你認為

sort of settled in the sort of 15, 20% range?

有點穩定在 15% 到 20% 的範圍內？

I think that's going to

我認為那會

be a function of demand. You know, now that spot

是需求的函數。你知道，現在那個地方

prices are either at parity or higher than OEM

價格與 OEM 持平或高於 OEM

prices, certainly our OEM customers are not

價格，當然我們的 OEM 客戶不是

compelled to dabble in the spot market, so that

被迫涉足現貨市場，因此

may have a dampening effect on demand in the spot

可能對現貨需求產生抑製作用

market. But, you know, it's - I've given up

市場。但是，你知道，這是-我已經放棄了

trying to predict what's going to happen in the

試圖預測未來會發生什麼

spot market here in the short-term.

現貨市場在短期內。

Okay. Yeah, I wasn't

好的。是的，我不是

necessarily trying to predict what happens with

必然試圖預測會發生什麼

spot prices. More just is the looseness - is the

現貨價格。更公正的是鬆散——是

market loosening to an extent that, you know,

市場鬆動到一定程度，你知道，

there is going to be more stuff flowing through

會有更多的東西流過

spot rather than contract pricing, but . . . No

現貨而不是合同定價，但是。 . .不

view, no view.

視圖，沒有視圖。

I think that's difficult to

我認為這很難

predict right now.

現在預測。

Okay. Also the question which

好的。還有那個問題

was posed on the Department of Justice and you not

被提交給司法部，而你沒有

really having anything new to say, if I tried a

真的有什麼新東西要說，如果我嘗試了

more specific question, could we give that a shot?

更具體的問題，我們可以試一試嗎？

You can always ask.

你可以隨時問。

I'll try anyway. Could you at

反正我會試試的。你能在

least identify the sort of period that they're

至少確定他們所處的時期

investigating? Is it the period during which

調查？是不是那個時期

prices fell precipitously or is it the period

價格急劇下跌還是這個時期

during which prices rose surprisingly?

哪些時期房價上漲驚人？

Yeah. Unfortunately we

是的。不幸的是我們

won't be able to answer that question either.

也無法回答這個問題。

Sorry about that.

對於那個很抱歉。

Okay. And the last question I

好的。最後一個問題我

have is, the one to one point five billion capex

有的是，一對一的 50 億資本支出

number, is the delta there likely to be 300-mil

數字，三角洲有可能是 3 億

investment or 200-mil.

投資或2億。

It's probably more market

這可能是更多的市場

condition-based. We will continue to go through

基於條件。我們將繼續通過

an analysis of the cost competitiveness of both of

雙方成本競爭力分析

those, but throughout the year, it's really

那些，但一年四季，真的

probably more market based.

可能更基於市場。

Yeah. One moment that

是的。那一刻

is, I think, relevant to that question is that in

我認為，與這個問題相關的是

a very short period of time, all of the

在很短的時間內，所有的

200-millimeter equipment that you buy will be

您購買的 200 毫米設備將是

300-millimeter capable as well, either with a

也有 300 毫米的能力，無論是

chamber change or something to that effect. So as

腔室變化或類似的東西。這樣

we go through time over the next 12 months,

我們在接下來的 12 個月裡經歷了一段時間，

obviously we have some specific 300-millimeter

顯然我們有一些特定的 300 毫米

equipment we're buying, but in general, you should

我們正在購買的設備，但總的來說，您應該

be able to - you should expect that the

能夠 - 你應該期望

200-millimeter equipment will be very similar or

200 毫米設備將非常相似或

the same as 300-millimeter equipment and it can

與300毫米設備相同，它可以

run either one, depending on what conversion you

運行任何一個，具體取決於您的轉換

want to do.

想要做。

Okay. Great. Okay. Kip,

好的。偉大的。好的。基普，

I'll probably just check become with you at a

我可能會和你一起檢查一下

later stage on this dominion, just clarifying

在這個領域的後期階段，只是澄清

compe the contribution from dominion.

競爭來自統治的貢獻。

We can update - had I

我們可以更新 - 如果我

made a reference to the nine weeks. I was off a

提到了九個星期。我離開了

month there. It's five - excuse me. It's a

那裡一個月。現在是五點 - 對不起。它是

little more than five weeks of production or

生產時間不超過五週或

output from dominion that's included in these

包含在這些中的統治的輸出

consolidated results.

綜合結果。

With regard to increase in inventory, work in

關於增加庫存，在

process and finished goods, it's only a few

過程和成品，只是少數

percentage points effect of dominion.

統治的百分點效應。

Great. Thank you very much.

偉大的。非常感謝。

Thank you. Our next

謝謝你。我們的下一個

question comes from Doug Lee. Please announce

問題來自Doug Lee。請宣布

your affiliation and proceed with your question.

您的隸屬關係並繼續您的問題。

Hi. Banc of America

你好。美國銀行

Securities. Kip, I was wondering if you can give

證券。基普，我想知道你能不能給

a rundown of what the current wafer start is by

當前晶圓開始的概要

product density and then a quick follow-up for

產品密度，然後快速跟進

Mike.

麥克風。

Well, I can give you a

嗯，我可以給你一個

little bit by - by product density, we're well

一點點-按產品密度，我們很好

over 50% of our wafer outs now are 256 meg. The

我們現在超過 50% 的晶圓產量為 256 兆。這

64 meg is more maintenance mode and it's been

64 兆是更多的維護模式，它一直

hanging right around kind of the 8% range.

徘徊在8％的範圍內。

We have now some starts on the 512 and then the

我們現在在 512 上有一些開始，然後是

balance would primarily be 128 meg.

餘額主要為 128 兆。

Okay. Terrific. And then

好的。了不起。接著

Mike, you mentioned - you made some comment that

邁克，你提到 - 你發表了一些評論

spot prices are at or above OEM prices. Is

現貨價格等於或高於 OEM 價格。是

that - did I hear that right?

那——我沒聽錯嗎？

That is correct.

那是對的。

Okay. Any chance you guys can

好的。任何機會你們都可以

give us a - maybe just a range of where contracts

給我們一個——也許只是一個合同範圍

are being signed at right now?

現在正在簽署嗎？

In the - on the 128

在 - 上 128

meg equivalent basis in the 2 to 250 range.

在 2 到 250 範圍內的兆當量基礎。

Okay. Terrific. Thank you

好的。了不起。謝謝

very much.

非常。

Thanks, Doug.

謝謝，道格。

Thank you, Mr. Lee. Our

謝謝你，李先生。我們的

next question of the evening comes from Scott

今晚的下一個問題來自斯科特

Randall. Please notify your affiliation and

蘭德爾。請通知您的隸屬關係和

proceed with your question, sir.

繼續你的問題，先生。

Yeah. Hi. Thanks.

是的。你好。謝謝。

Soundview. Bill, I wonder if I can circle back to

聲景。比爾，我想知道我是否可以轉回

the cost line. I want to reconcile a little bit

成本線。我想和解一點

the comment relative to kind of the $55 million

關於 5500 萬美元的評論

that you sort of add back - simple math here -

你有點加回來 - 簡單的數學 -

simplified math, rather, does that get me roughly

簡化的數學，而是讓我大致了解

to a - you know, kind of a steady state cost in

到 - 你知道，一種穩定的狀態成本

sort of looking at manufacturing margin, maybe.

有點看製造利潤，也許。

Well, the intent of our

好吧，我們的意圖

disclosure there is to indeed allow you to take

披露確實允許您採取

out the effect of NRV adjustments from this and

從這個和 NRV 調整的影響

all prior periods, so the 55 million-ish would be

所有之前的時期，所以 5500 萬左右將是

what you would add back to however you were

不管你是什麼，你會加回什麼

otherwise modeling, if that was your question.

否則建模，如果那是你的問題。

Correct. And that's a pretty

正確的。這是一個漂亮的

close approximation at this point?

在這一點上接近近似？

That is our best

那是我們最好的

calculation of the effect in Q3, correct.

計算第三季度的影響，正確。

Okay. Thanks. Then secondly,

好的。謝謝。然後其次，

wondering, as you folks look at the market and I'm

想知道，當你們看市場時，我

not sure this might be for Mike or - or Kip

不確定這可能是給 Mike 或 - 或 Kip

maybe, but relative to the market share that you

也許，但相對於你的市場份額

think you had during the quarter, would you

認為你在本季度有，你會

suggest that you - you gained market share, held

建議你——你獲得了市場份額，持有

market share? Any really noticeable change there

市場份額？那裡有任何真正明顯的變化

expected that you had?

期望你有？

Scott, you know, we haven't

斯科特，你知道，我們沒有

seen any of the independent tracking data yet, so

還沒有看到任何獨立的跟踪數據，所以

we - we don't know yet at this point.

我們——我們現在還不知道。

Okay. I mean, anecdotally,

好的。我的意思是，軼事，

talking to customers, is there any reason to

與客戶交談，有什麼理由

believe that you - you could have lost share in

相信你——你可能已經失去了份額

any, you know, given density or segment or just

任何，你知道，給定密度或分段，或者只是

too tough to say?

太難說了？

No.

不。

Okay. And then finally, I

好的。然後最後，我

know you normally don't break out inventory by -

知道您通常不會通過以下方式分解庫存 -

by segmentation, but I know in the press release,

通過細分，但我在新聞稿中知道，

it talks about a significant increase in finished

它談到了成品的顯著增加

goods. Any chance I could get those numbers

商品。任何機會我都能得到這些數字

before you, ahead of the 10-Q.

在你之前，在 10-Q 之前。

We won't be able to

我們將無法

provide a detailed breakout of that growth, no.

提供該增長的詳細突破，沒有。

Is it safe to say that the

可以肯定地說

majority of the dollar increase was in - was in

美元增長的大部分發生在 - 發生在

finished?

完成的？

I'm sorry, I couldn't hear

對不起，我聽不見

the last part of the question.

問題的最後一部分。

Yeah. Just wondering if it's

是的。只是想知道是不是

safe to say that the majority of the dollar

可以肯定地說，大部分美元

increase was in finished goods.

增加的是製成品。

Actually, that would not

其實那不會

be a good assumption, Scott. If you remember, we

是一個很好的假設，斯科特。如果你還記得，我們

ran, on average - if you just look at (inaudible)

平均而言，如果您只看（聽不清）

itself, you were running high 30,000 wafer outs a

就其本身而言，您的晶圓產量高達 30,000 個

week and as we indicated we're now mid-to upper

一周，正如我們所指出的，我們現在處於中上層

40,000, so that's a big part of your delta in

40,000，所以這是你的增量的很大一部分

dollars as well.

美元也是如此。

Got it. Okay. Great. Thank

知道了。好的。偉大的。感謝

you.

你。

Our press release comment

我們的新聞稿評論

was with regard to fin significant increase in

是關於鰭顯著增加

finished good.

完成得很好。

And Mike has given some

邁克給了一些

characterization of how that level has changed

描述該級別如何變化的特徵

after quarter end.

季度結束後。

Thank you. Our next

謝謝你。我們的下一個

question comes from Larry Bergman. Please

問題來自拉里伯格曼。請

announce your affiliation and proceed with your

宣布您的隸屬關係並繼續您的

question, sir.

問題，先生。

Cantor Weiss. I just want to

康托爾·韋斯。我只想

clarify the average selling price during the

明確期間的平均售價

quarter for both 128 and 256, and if you could

128 和 256 的四分之一，如果可以的話

compare it with the prior quarter as well.

也將其與上一季度進行比較。

The information we have

我們掌握的信息

provided in the press release indicated on per

在每顯示的新聞稿中提供

megabit basis the average in Q3 was 44% higher

以兆比特為基礎，第三季度的平均值高出 44%

than Q2. A couple reference points for you. 128

比第二季度。給你幾個參考點。 128

meg sync that we had indicated in Q2 was about

我們在第二季度指出的兆同步大約是

250, moved to between 450 and $5 in Q3. DDR just

250 美元，在第三季度升至 450 美元至 5 美元之間。 DDR只是

increased modestly on the 128 meg. We had already

在 128 兆時略有增加。我們已經

indicated that on the 256 meg sync, our Q2 was a

表示在 256 兆同步時，我們的 Q2 是

little less than 6 bucks, Q3 close to 10 bucks,

不到 6 塊錢，Q3 接近 10 塊錢，

and on the DDR, just about 8 bucks in Q2, and

在 DDR 上，第二季度只需大約 8 美元，並且

about 9 bucks in Q3.

第三季度大約 9 美元。

Thank you.

謝謝你。

You bet and with that, we'd

你打賭，我們會

like to thank everyone for participating on the

感謝大家參與

call today. Full please bear with me, I need to

今天打電話。滿請多多包涵，我需要

repeat the safe harbor protection language.

重複安全港保護語言。

During the course of this call, we may have made

在本次通話過程中，我們可能已經

forward-looking statements regarding the company

關於公司的前瞻性陳述

and the industry. These particular

和行業。這些特別

forward-looking statements and all other

前瞻性陳述和所有其他

statements that may have been made on this call

可能已在本次電話會議上發表的聲明

that are not historical facts are subject to a

那些不是歷史事實的

number of risks and uncertainties and actual

風險和不確定性的數量和實際

results may differ materially. For information on

結果可能大不相同。有關信息

the important factors that may cause actual

可能導致實際發生的重要因素

results to differ materially, please refer to your

結果大不相同，請參閱您的

filing - to our filings with the SEC, including

歸檔 - 我們向美國證券交易委員會提交的文件，包括

the company's most recent 10-Q and 10-Ks. Thank

公司最近的 10-Q 和 10-Ks。感謝

you.

你。

Ladies and gentlemen, we do

女士們先生們，我們願意

thank you for your participation in today's audio

感謝您參與今天的音頻

teleconference. Please disconnect your lines at

電話會議。請斷開您的線路

this time, and have a pleasant evening.

這一次，度過一個愉快的夜晚。