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CUPERTINO, Calif.--(BUSINESS WIRE)--To address market demand in Japan for low-cost testing of cost-sensitive ICs, Verigy (NASDAQ:VRGY - News), a
http://finance.yahoo.com/news/Verigy-to-Showcase-Newest-bw-1102961865.html?x=0&.v=1
Verigy has announced that ISE Labs has expanded its test capabilities with the addition of Verigy's V93000 HSM (High Speed Memory) system.
http://www.tmworld.com/article/358218-Verigy_and_ISE_Labs_collaborate_on_memory.php
Good day ladies and gentlemen, and welcome to the Verigy fourth quarter and fiscal year 2009 earnings conference call. My name is Yvette and I will be your operator for today.(Operator Instructions). I would now like to turn the call over to Ms.
Shares of Verigy Ltd. rose Friday after the maker of chip testing equipment turned in a stronger-than-expected performance in the fourth quarter.
http://news.yahoo.com/s/ap/20091120/ap_on_bi_ge/us_earns_verigy
Total : 27 View more »
CUPERTINO, Calif., Nov 23, 2009 (BUSINESS WIRE) --
To address market demand in Japan for low-cost testing of cost-sensitive ICs, Verigy (NASDAQ:VRGY), a premier semiconductor test company, will hold the Japanese market debut of its V101 test system at the SEMICON Japan trade show, December 2-4, 2009 at the Makuhari Messe in Chiba, Japan.
Recently launched on the global market, the V101 is designed to cost-effectively test microcontrollers and other low-end ICs used in mass-market applications such as consumer electronics and cell phones.
Japan is home to the world's largest producers of microcontrollers. Worldwide production of these devices is forecast to grow at a CAGR of 10 percent to reach approximately 15 billion units by 2012, according to industry analysts.
"It's no surprise that the largest market opportunity for microcontroller testers is in Japan," said Kenji Sato, Vice President of Verigy Ltd. and General Manager of Verigy Japan K.K. in Hachioji-shi, Japan. "We're receiving very positive customer response to the V101 system's high functionality and ability to deliver the industry's lowest cost of test for this market segment."
Capable of testing embedded analog-to-digital converters (ADCs) at clock rates up to 100 MHz, the V101 tester is optimized for wafer sort with direct probing capability. It provides both high throughput and low cost of ownership, including zero footprint and low-power operation.
Along with the V101 tester, Verigy will showcase the company's test solutions for system-on-a-chip (SOC), high-speed memory, DRAM and Flash devices as well as yield analysis software. For a closer look, visit Verigy in booth #8C-701 in Hall 8.
About Verigy
Verigy provides advanced semiconductor test systems and solutions used by leading companies worldwide in design validation, characterization, and high-volume manufacturing test. Verigy offers scalable platforms for a wide range of system-on-chip (SOC) test solutions, and memory test solutions for Flash, DRAM including high-speed memories, as well as multi-chip packages (MCP). Verigy also provides advanced analysis tools that accelerate design debug and yield ramp processes. Additional information about Verigy can be found at www.verigy.com.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6104044&lang=en
SOURCE: Verigy
Verigy Investors: Judy Davies, +1 408-864-7549 VP, Investor Relations and Marketing Communications judy.davies@verigy.com or Local Media Contact during SEMICON Japan: Eve Yin, +886 917-259-809 Field Marketing Programs Manager, Asia and Japan Regions eve.yin@verigy.com
Tags: consumer electronics japan manufacturing market nasdaq president rates semiconductors software trade show yield
Companies: Verigy Ltd (VRGY)
Nov 20, 2009 (Wall Street Horizon via COMTEX) --
Verigy, Ltd. (VRGY)
Expected next earnings release: Announcement date: 2/18/2010 - After Market Earnings Quarter: Q1 Announcement Status: Unconfirmed
Expected next investor conference call information: Conference Call Date: 11/19/2009 Conference Call Time (ET): 4:30 PM Conference Call URL: http://investor.verigy.com/events.cfm
Tags: conference corporate earnings market
Companies: Verigy Ltd (VRGY)
Nov 20, 2009 (SmarTrend(R) Spotlight via COMTEX) --
Verigy (NASDAQ:VRGY) reiterated Buy at Soleil. The stock closed yesterday at $9.00 on volume of 1,864,200 shares, above average daily volume of 811,851.
Verigy is currently below its 50-day moving average of $10.78 and below its 200-day moving average of $10.36.
SmarTrend is bearish on shares of VRGY and our subscribers received a Downtrend alert on October 05, 2009 at $10.54, which has returned 14.6% to date.
Write to Chip Brian at cbrian@tradethetrend.com
---------------------------------------------------------------------------------------------
SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.
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Tags: market nasdaq securities
Companies: Verigy Ltd (VRGY)
CUPERTINO, Calif., Nov 19, 2009 (BUSINESS WIRE) --
Verigy Ltd. (NASDAQ:VRGY), a premier semiconductor test company, today reported financial results for its fourth quarter and fiscal year ended Oct. 31, 2009.
Total revenue for the fourth quarter was $97 million, a sequential increase of 11 percent from $87 million in the previous quarter. For fiscal year 2009, total revenue was $323 million, a year-over-year decrease of 53 percent from $691 million in 2008.
Net loss for the fourth quarter was $12 million, or ($0.20) per share, compared to a net loss of $21 million, or ($0.36) per share, in the prior quarter, and a net loss of $36 million, or ($0.60) per share, in last year's comparable quarter.
The results for the fourth quarter included approximately $3 million of charges related to the company's restructuring and manufacturing transition actions and $1.6 million of impairment charges on its investments. After excluding the impact of these charges, Verigy reported a non-GAAP net loss of $7 million, or ($0.12) per share, for its fourth quarter of fiscal 2009.
For fiscal year 2009, net loss was $127 million, or ($2.17) per share, compared to last year's net income of $28 million, or $0.47 per share. On a non-GAAP basis, the company reported full year net loss of $87 million, or ($1.49) per share, compared to last year's non-GAAP net income of $71 million, or $1.18 per share. A reconciliation of the company's GAAP to non-GAAP results is included in the tables accompanying this press release.
Orders for the fourth quarter were $109 million, a sequential increase of approximately 17 percent and represented a book-to-bill ratio of 1.12. For fiscal year 2009, orders totaled $323 million, a decrease of approximately 48 percent from last year, and represented a book-to-bill ratio of 1.00 for the year.
"We ended the fiscal year with a clearly improving business environment," said Keith Barnes, Verigy's chairman, chief executive officer and president. "We are feeling increasingly optimistic about both the SOC and memory markets and we expect to see significant revenue growth in 2010. After a very challenging 2009 we believe that our investments in new and innovative products will enable continued share gain."
"While we are coming off a low base, we are encouraged by the improved demand that we are seeing from customers with revenue increasing for the third consecutive quarter," said Bob Nikl, Verigy's chief financial officer. "As we enter the new fiscal year, we can expect improvements in our operating leverage as a result of the significant benefits from our restructuring programs."
Outlook for Q1 2010
For the first quarter ending Jan. 31, 2010, the company is providing the following guidance:
-- Revenue is expected to be in the range of $105 million to $115 million.
-- Loss per share on a GAAP basis is expected to be in the range of ($0.13) to ($0.06).
-- After excluding restructuring and manufacturing transition-related charges, loss per share on a non-GAAP basis is expected to be in the range of ($0.09) to ($0.02).
-- Share based compensation expense is expected to be between $5 million to $5.2 million.
-- Weighted average shares outstanding is expected to be approximately 59.4 million.
Conference Call and Webcast
Verigy's management will present details of its fourth quarter and fiscal year 2009 financial results on a conference call with investors today beginning at 1:30 p.m. (Pacific). This event will be webcast live in listen-only mode. Listeners may log on at http://investor.verigy.com and select "Q4 and Fiscal Year 2009 Verigy Earnings Conference Call" in the "Webcasts & Presentations" section. The webcast will remain available on the company's web site for fourteen days.
A telephone replay of the conference call will be available from 4:30 p.m. (Pacific) today through December 3, 2009. The replay number is +1 888-286-8010 toll-free, or international callers may dial +1 617-801-6888; enter pass code 26622810.
About Verigy
Verigy provides advanced semiconductor test systems and solutions used by leading companies worldwide in design validation, characterization, and high-volume manufacturing test. Verigy offers scalable platforms for a wide range of system-on-chip (SOC) test solutions, and memory test solutions for Flash, DRAM including high-speed memories, as well as multi-chip packages (MCP). Verigy also provides advanced analysis tools that accelerate design debug and yield ramp processes. Additional information about Verigy can be found at www.verigy.com.
Forward-Looking Statements
This earnings release contains forward-looking statements, including statements about expenses and our expected revenue and loss per share. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. The risks and uncertainties include, but are not limited to, uncertainty surrounding the timing and strength of the global economic recovery and the impact on our industry, the strength of our customers' businesses and unforeseen changes in the demand for current and new products and technologies. Additional factors that may cause results to differ materially from those in the forward-looking statements are discussed in our most recent periodic reports filed with the SEC. In those filings you will find descriptions of risk factors that could affect our future results. These forward-looking statements are only valid as of this date, and Verigy undertakes no duty to update any forward-looking statements.
Information About Non-GAAP Measures
Verigy is supplementing its financial results presented on a GAAP basis by providing non-GAAP measures to evaluate the operating performance of the company. Non-GAAP net loss for the quarter ended October 31, 2009, excludes the effects of charges for the company's previously announced restructuring actions and manufacturing transition, and impairment charges on its investments. Non-GAAP net loss for the year ended October 31, 2009, also excludes additional items, as set forth in the attached tables. Since management finds the non-GAAP information to be useful, the company believes that its investors may also benefit from seeing the company's results "through the eyes" of management in addition to seeing its GAAP results. This information also facilitates management's internal comparisons to historical operating results as well as to the operating results of its competitors. A reconciliation between the company's GAAP and non-GAAP results is provided in the attached tables. Readers are reminded that non-GAAP numbers are merely a supplement to, and not a replacement for, GAAP financial measures. They should be read in conjunction with the GAAP financial measures.
VERIGY LTD.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except share and per share amounts)
(Unaudited)
Three Months Ended Twelve Months Ended
October 31, October 31,
2009 2008 2009 2008
Net revenue:
Products $ 68 $ 108 $ 201 $ 531
Services 29 42 122 160
Total net revenue 97 150 323 691
Cost of sales:
Cost of products (*) 35 68 133 270
Cost of services (*) 20 28 82 114
Total cost of sales 55 96 215 384
Operating expenses:
Research and development (*) 22 25 92 103
Selling, general and administrative (*) 29 38 117 154
Restructuring charges 1 1 8 2
Total operating expenses 52 64 217 259
(Loss) income from operations (10 ) (10 ) (109 ) 48
Interest income and other - 6 4 23
Impairment of Investments (2 ) (29 ) (18 ) (31 )
(Loss) income before income taxes (12 ) (33 ) (123 ) 40
Provision for income taxes - 3 4 12
Net (loss) income $ (12 ) $ (36 ) $ (127 ) $ 28
Net (loss) income per share- basic: $ (0.20 ) $ (0.60 ) $ (2.17 ) $ 0.48
Net (loss) income per share- diluted: $ (0.20 ) $ (0.60 ) $ (2.17 ) $ 0.47
Weighted average shares (presented in thousands) used in computing
net (loss) income per share:
Basic 58,823 58,416 58,437 59,574
Diluted 58,823 58,416 58,437 60,360
* Share-based compensation expense by function:
Cost of products $ 0.6 $ 0.6 $ 2.2 $ 2.2
Cost of services $ 0.3 $ 0.2 $ 1.2 $ 0.9
Research and development $ 0.5 $ 0.5 $ 2.1 $ 2.0
Selling, general and administrative $ 3.5 $ 3.1 $ 13.5 $ 11.7
VERIGY LTD.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions, except share amounts)
(Unaudited)
October 31, July 31, October 31,
2009 2009 2008
ASSETS
Current assets:
Cash and cash equivalents $ 197 $ 281 $ 144
Short-term marketable securities 167 104 196
Trade accounts receivable, net 54 35 74
Inventory 55 64 78
Other current assets 40 43 46
Total current assets 513 527 538
Property, plant and equipment, net 41 40 42
Long-term marketable securities 75 57 71
Goodwill and other intangibles, net 20 20 18
Other long-term assets 62 61 65
Total assets $ 711 $ 705 $ 734
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 40 $ 36 $ 65
Employee compensation and benefits 32 28 41
Deferred revenue, current 26 26 53
Income taxes and other taxes payable 3 3 3
Other current liabilities 22 17 34
Total current liabilities 123 110 196
Long-term liabilities:
Convertible senior notes 138 138 -
Income taxes payable 15 14 13
Other long-term liabilities 33 41 36
Total liabilities 309 303 245
Shareholders' equity
Ordinary shares, no par value, 58,841,248, 58,727,123 and
57,822,242 issued
and outstanding at October 31, 2009, July
31, 2009 and October 31, 2008, respectively
Additional paid in capital 429 424 406
(Accumulated deficit) retained earnings (23 ) (11 ) 105
Accumulated other comprehensive loss (4 ) (11 ) (22 )
Total shareholders' equity 402 402 489
Total liabilities and shareholders' equity $ 711 $ 705 $ 734
VERIGY LTD.
RECONCILIATION OF GAAP NET (LOSS) INCOME TO NON-GAAP NET (LOSS)
INCOME
(In millions, except per share amounts)
(Unaudited)
Three Months Ended Twelve Months Ended
October 31, 2009 EPS October 31, 2009 EPS
GAAP net loss $ (12 ) $ (0.20 ) $ (127 ) $ (2.17 )
Non-GAAP adjustments:
Restructuring charges in cost of sales 0.9 0.01 5.5 0.09
Restructuring charges in operating expenses 0.8 0.01 8.2 0.14
Impairment of auction rate securities 1.6 0.03 10.8 0.19
Impairment of cost method investment - 0 6.2 0.11
Non-Recurring operating expenses (0.3 ) 0 2.4 0.04
Acquisition related charges in cost of sales 0.1 0 0.3 0.01
Acquisition related charges in operating expenses 0.0 0 4.1 0.07
Transition related charges in cost of sales 1.7 0.03 2.3 0.04
Transition related charges in operating expenses 0.1 0 0.2 -
Tax impact for transfer of intellectual property - 0 1.2 0.02
Tax impact related to acquisition - 0 (1.5 ) (0.03 )
Non-GAAP net loss $ (7 ) $ (0.12 ) $ (87 ) $ (1.49 )
Three Months Ended Twelve Months Ended
October 31, 2008 EPS October 31, 2008 EPS
GAAP net (loss) income $ (36 ) $ (0.60 ) $ 28 $ 0.47
Non-GAAP adjustments:
Incremental excess and obsolescence inventory charges in cost of 14.7 0.25 14.7 0.25
sales *
Impairment of auction rate securities and money market investments 18.1 0.31 18.1 0.30
Impairment of cost method investments in other (expense) income, net 11.1 0.19 11.1 0.18
Related tax impacted (0.6 ) (0.01 ) (0.6 ) (0.01 )
Restructuring charges in cost of sales - - 0.2 -
Restructuring charges in operating expenses - 1.1 0.02
Separation related costs in cost of sales - - 0.1 -
Acquisition related charges in cost of sales - - 0.6 0.01
Acquisition related charges in operating expenses - - - -
FX gain relating to remeasurement of taxes - - (2.4 ) (0.04 )
Non-recurring operating expenses - - (0.1 ) -
Non-GAAP net income $ 8 $ 0.14 $ 71 $ 1.18
* Total excess and obsolete inventory write-downs included in cost of
sales for the three and twelve months ended October 31, 2008 were
$19 million and $27 million, respectively, of which $4 million and
$12 million were considered to be consistent with our historical run
rate and thus have not been included in the non-GAAP adjustment. The
balance of $14.7 million represents incremental inventory
write-downs recorded in the fourth quarter that resulted from the
extraordinary drop in memory tester demand in general as well as the
impact of the introduction of our new V6000 series product on our
inventory of earlier generation products.
SOURCE: Verigy Ltd.
Verigy Ltd. Judy Davies, +1-408-864-7549 VP, Investor Relations and Marketing Communications judy.davies@verigy.com
Tags: acquisition book business conference deficit earnings environment eps equity financial results gaap investment manufacturing market money nasdaq plant president products property research and development restructuring revenue sales securities semiconductors tax taxes technology trade web yield
Companies: Verigy Ltd (VRGY)
Total : 838 View more »
Inovys Customer Login Company Resources Support Products Inovys structural test solutions cut time, costs and effort for design debug, production test and failure analysis - See Inovys at SEMICON West - Verigy Shortens SoC Manufacturers' Time to Yield with Inovys Silicon Debug Solution for V93000 -
Software will take on a growing importance as a key differentiator in semiconductor-test solutions. That’s the view of Debbora Ahlgren, who today joins OptimalTest as VP of sales and marketing (see related article).
http://www.edn.com/index.asp?layout=blogpostPrint&blog_post_id=760039076
Results of a small sample of DDR2 DRAM components tested using Agilent 93000 Tester and Vector Network Analyzer*. This list now includes 667MHz x4 DRAM for use on FBDIMM.
SITEMAP | PRIVACY STATEMENT | TERMS OF USE | CONTACT WEBMASTER | CONTACT VERIGY | © VERIGY LTD.
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Verigy provides advanced test systems and solutions for the semiconductor industry enabling designers and manufacturers to lower cost-of-test and improve their competitiveness.
The material on this website may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities ...
Verigy Limited (Verigy) reiterated its 3Q 09 revenue and gross margin guidance on 08 July 2009. The company does not expect revenues from recently acquired Touchdown Technologies ...
Equity Research, Business, Finance, Research Oracle, Verigy Limited, NASDAQ:VRGY, VM8.BE
CUPERTINO, Calif. - March 12, 2007 - Verigy (NASDAQ: VRGY), a premier semiconductor test company, has issued the call-for-papers for VOICE 2007, the second annual conference for Verigy customers and partners using the V93000 SOC Series and the V5000 Series of memory testers.
CUPERTINO, Calif. - March 10, 2008- Verigy (NASDAQ: VRGY), a premier semiconductor test company, has issued the call-for-papers for VOICE 2008, the third annual conference for Verigy customers and partners using the V93000 SOC Series and the V5000 Series of memory testers.
International Microwave Symposium 2008 Verigy has been invited to deliver a presentation discussing ATE Signal Integrity challenges in the “Applications and Misapplications of Measurement Uncertainty” Workshop at the International Microwave Symposium 2008.
https://www.verigy.com/portal/page/portal/13CA43AED84C59AEE040100A863A7801
The new tool enables handling of conventional tester oriented vectors as device oriented vectors without paying attention to tester cycle boundaries. Using a table-based GUI, vectors comprising different X-modes can be browsed and edited on a time series together with execution errors.