paltek · 0.5 1.5 2.5 3.5 inventory s/t loans ... • pld solutions ... yoshio sakurai business:...
TRANSCRIPT
PALTEK CORPORATION (OTC: 7587)
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PALTEK CORPORATIONFY2001 Second Quarter/First Half Results August 10, 2001
PALTEK(OTC:7587)
Results Explanatory Meeting
Fiscal Year 2001Second Quarter, First Half
PALTEK CORPORATIONFY2001 Second Quarter/First Half Results August 10, 2001
Agenda
• Semiconductor Market Overview
• First Half Results
• PALTEK Business Conditions (Parent)
• Subsidiaries & New Business Developments
• Year End Projections
PALTEK CORPORATION (OTC: 7587)
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PALTEK CORPORATIONFY2001 Second Quarter/First Half Results August 10, 2001
0
10,000
20,000
30,000
40,000
50,000
60,000
97Q1
97Q2
97Q3
97Q4
98Q1
98Q2
98Q3
98Q4
99Q1
99Q2
99Q3
99Q4
00Q1
00Q2
00Q3
00Q4
01Q1
01Q2
Source: WSTS
0
200
400
600
800
1,000
1,200
1,400
1,600
Total Semiconductor
MOS Memory
MOS FieldProgrammable LogicMOS Gate Array
Worldwide SemiconductorsWorldwide SemiconductorsWorldwide SemiconductorsWorldwide SemiconductorsTotal Semiconductor,MOS Memory
FPL, G/A Unit: Dollars in Millions
PALTEK CORPORATIONFY2001 Second Quarter/First Half Results August 10, 2001
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
97Q197Q
297Q
397Q
498Q
198Q
298Q
398Q
499Q
199Q
299Q
399Q
400Q
100Q
200Q
300Q
401Q
101Q
2
Source: WSTS
0
200
400
600
800
1000
1200
Total Semiconductor
MOS Memory
MOS FieldProgrammable LogicMOS Gate Array
Americas SemiconductorsAmericas SemiconductorsAmericas SemiconductorsAmericas SemiconductorsTotal Semiconductor,MOS Memory FPL, G/A Unit: Dollars in Millions
PALTEK CORPORATION (OTC: 7587)
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PALTEK CORPORATIONFY2001 Second Quarter/First Half Results August 10, 2001
0
2,000
4,000
6,000
8,000
10,000
12,000
97Q1
97Q2
97Q3
97Q4
98Q1
98Q2
98Q3
98Q4
99Q1
99Q2
99Q3
99Q4
00Q1
00Q2
00Q3
00Q4
01Q1
01Q2
Source: WSTS
0
50
100
150
200
250
300
350
400
450
500
Total Semiconductor
MOS Memory
MOS FieldProgrammable Logic
MOS Gate Array
Japan SemiconductorsJapan SemiconductorsJapan SemiconductorsJapan SemiconductorsTotal Semiconductor,MOS Memory
FPL, G/A Unit: Dollars in Millions
PALTEK CORPORATIONFY2001 Second Quarter/First Half Results August 10, 2001
First Half Results
• Consolidated Sales : ¥10,079 Million– Annual Growth (+24%)
• Non-Consolidated Sales : ¥8,171 Million– Annual Growth (+12%)
PALTEK CORPORATION (OTC: 7587)
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PALTEK CORPORATIONFY2001 Second Quarter/First Half Results August 10, 2001
Sales
Operating Profit
Recurring Profit
10,079
518
454
24%
△52%
△60%
Annual Growth
Net Profit 63 △91%
First Half Results
Consolidated Results
Unit: Million Yen
PALTEK CORPORATIONFY2001 Second Quarter/First Half Results August 10, 2001
Sales
Operating Profit
Recurring Profit
8,171
919
846
12%
△15%
△26%
Net Profit 500 △28%
First Half Results
Non-Consolidated Results
Unit: Million Yen Annual Growth
PALTEK CORPORATION (OTC: 7587)
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PALTEK CORPORATIONFY2001 Second Quarter/First Half Results August 10, 2001
Inventory & Short-term Borrowings
3,3683,696
2,987
2,250
3,450
2,450
3.02.72.4
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
06/00 12/00 06月01日-0.5
0.5
1.5
2.5
3.5
Inventory
S/T Loans
InventoryTurnover/Mo
Non-Consolidated
PALTEK CORPORATIONFY2001 Second Quarter/First Half Results August 10, 2001
0
1,000
2,000
3,000
4,000
5,000
1999 2,940 3,199 2,841 3,5072000 3,333 3,941 4,237 4,7442001 4,169 4,002
Q1 Q2 Q3 Q4
Sales by Quarter / Non-Consolidated
Annual Growth25% 2%
(Million Yen)
6,977(Est.)
PALTEK CORPORATION (OTC: 7587)
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PALTEK CORPORATIONFY2001 Second Quarter/First Half Results August 10, 2001
Sales Breakdown (First-Half)
• PLD Solutions 81% (Annual Growth 6%)
• NETWORK Solutions 19% (Annual Growth 60%)
Non-Consolidated
PALTEK CORPORATIONFY2001 Second Quarter/First Half Results August 10, 2001
Sales to Customers Breakdown
0000
1,0001,0001,0001,000
2,0002,0002,0002,000
3,0003,0003,0003,000
4,0004,0004,0004,000
5,0005,0005,0005,000
6,0006,0006,0006,000
7,0007,0007,0007,000
8,0008,0008,0008,000
9,0009,0009,0009,000
98-H198-H198-H198-H1 99-H199-H199-H199-H1 00-H100-H100-H100-H1 01-H101-H101-H101-H1
Top 4Top 4Top 4Top 4
OthersOthersOthersOthers
(Unit: Million Yen)
61%
39% 48%
48% 43%
52%
52%57%
Non-Consolidated
PALTEK CORPORATION (OTC: 7587)
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PALTEK CORPORATIONFY2001 Second Quarter/First Half Results August 10, 2001
Top 4 Customers Breakdown
0%0%0%0%
5%5%5%5%
10%10%10%10%
15%15%15%15%
20%20%20%20%
25%25%25%25%
30%30%30%30%
35%35%35%35%
40%40%40%40%
45%45%45%45%
50%50%50%50%
1998
1998
1998
1998
1999
1999
1999
1999
2000
2000
2000
2000
2001/
Q1
2001/
Q1
2001/
Q1
2001/
Q1
2001
/Q2
2001
/Q2
2001
/Q2
2001
/Q2
NECNECNECNEC
ANRITSUANRITSUANRITSUANRITSU
SONYSONYSONYSONY
OKIOKIOKIOKI
(34%)
(15%)
(5%)
(4%)
(H1 Top4)Non-Consolidated
PALTEK CORPORATIONFY2001 Second Quarter/First Half Results August 10, 2001
PLD - Product Category Mix
0%0%0%0%
10%10%10%10%
20%20%20%20%
30%30%30%30%
40%40%40%40%
50%50%50%50%
60%60%60%60%
70%70%70%70%
80%80%80%80%
90%90%90%90%
100%100%100%100%
00/Q1 00/Q2 00/Q3 00/Q4 01/Q1 01/Q2
MATURE & OTHERS• Low-end MAX/FLEX• Tools & IPs
MAINSTREAM• High-end MAX/FLEX• Low-end APEX
NEW• APEX Families• Excalibur• Mercury• ACEX• Nios IP
PALTEK CORPORATION (OTC: 7587)
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PALTEK CORPORATIONFY2001 Second Quarter/First Half Results August 10, 2001
RNC/MSCRNC/MSCRNC/MSCRNC/MSCRNC/MSCRNC/MSCRNC/MSCRNC/MSCBTSBTSBTSBTSBTSBTSBTSBTS
BTSBTSBTSBTSBTSBTSBTSBTS
DSLAMDSLAMDSLAMDSLAMDSLAMDSLAMDSLAMDSLAM
W-CDMAW-CDMAW-CDMAW-CDMAW-CDMAW-CDMAW-CDMAW-CDMAW-CDMAW-CDMAW-CDMAW-CDMA
xDSLxDSLxDSLxDSLxDSLxDSLxDSLxDSLxDSLxDSLxDSLxDSL
FWAFWAFWAFWAFWAFWAFWAFWAFWAFWAFWAFWA
FTTHFTTHFTTHFTTHFTTHFTTHFTTHFTTHFTTHFTTHFTTHFTTH
ServerServerServerServerServerServerServerServer
Network Server/Network Server/Network Server/Network Server/Gate KeeperGate KeeperGate KeeperGate Keeper
Network Server/Network Server/Network Server/Network Server/Network Server/Network Server/Network Server/Network Server/Gate KeeperGate KeeperGate KeeperGate KeeperGate KeeperGate KeeperGate KeeperGate Keeper
OLTOLTOLTOLTOLTOLTOLTOLTONUONUONUONUONUONUONUONU
Intelligent Internet
Mobile Internet Broadband Internet
AccessAccessAccessAccessAccessAccessAccessAccessAccessAccessAccessAccess
RouterRouterRouterRouterRouterRouterRouterRouter
EdgeEdgeEdgeEdgeEdgeEdgeEdgeEdgeRouterRouterRouterRouterRouterRouterRouterRouter
EdgeEdgeEdgeEdgeEdgeEdgeEdgeEdgeEdgeEdgeEdgeEdge
EdgeEdgeEdgeEdgeEdgeEdgeEdgeEdgeRouterRouterRouterRouterRouterRouterRouterRouter
SwitchSwitchSwitchSwitchSwitchSwitchSwitchSwitch
PBXPBXPBXPBXPBXPBXPBXPBX
Applications - Access
AccessAccessAccessAccessAccessAccessAccessAccessAccessAccessAccessAccess
AccessAccessAccessAccessAccessAccessAccessAccessAccessAccessAccessAccess
WDMWDMWDMWDMWDMWDMWDMWDM
CoreCoreCoreCoreCoreCoreCoreCoreRouterRouterRouterRouterRouterRouterRouterRouter
CoreCoreCoreCoreCoreCoreCoreCoreRouterRouterRouterRouterRouterRouterRouterRouter
CoreCoreCoreCoreCoreCoreCoreCoreRouterRouterRouterRouterRouterRouterRouterRouter
CoreCoreCoreCoreCoreCoreCoreCore
RouterRouterRouterRouterRouterRouterRouterRouterMetro RingMetro RingMetro RingMetro RingMetro RingMetro RingMetro RingMetro Ring
PALTEK CORPORATIONFY2001 Second Quarter/First Half Results August 10, 2001
Plans to sign on various distributor contracts with Plans to sign on various distributor contracts with Plans to sign on various distributor contracts with Plans to sign on various distributor contracts with suppliers of FTTH, optical and suppliers of FTTH, optical and suppliers of FTTH, optical and suppliers of FTTH, optical and InfiniBand InfiniBand InfiniBand InfiniBand technologiestechnologiestechnologiestechnologies
axelec CorporationName: axelec CorporationEstablished: June 1, 2001Headquarters: 2-3-12 Shin-Yokohama Kouhoku-ku, Yokohama 222-0033 JAPANCapital: 10 Million Yen President: Yoshio SakuraiBusiness: Provides Total Solutions that develop and enable the Broadband Network ・・・・Offerings include Hardware, Software, Support, Consulting Services - SAN (Storage Area Network) Technologies - Storage Router Technologies - Residential Gateway Technologies - Home Networking Technologies
PALTEK CORPORATION (OTC: 7587)
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PALTEK CORPORATIONFY2001 Second Quarter/First Half Results August 10, 2001
axelec Corporation
• Executive Biography, Yoshio Sakurai
– 1967 Joined NEC Corporation– 1995 Assistant General Manager, Switching Division– 1995 General Manager, Access Systems Division– 1998 General Manager, Engineering Division, NEC Communication Systems Co., Ltd.– 1999 Vice President, NEC Communication Systems
Kyushu Co., Ltd.– 2001 Joined PALTEK Corporation– 2001 Established axelec Corporation, President&CEO
PALTEK CORPORATIONFY2001 Second Quarter/First Half Results August 10, 2001
Company: PLX Technology, Inc.Website: www.plxtech.comFounded: 1986Located: Sunnyvale, CaliforniaListed: Nasdaq: PLXTRevenues: $65 Million in 2000Solutions: High-speed interconnect silicon & software,
for PCI-based designs (Industry standard)(PCI - Peripheral Component Interconnect)
Customers: Communication Equipment Makers(Cisco, Lucent, Nortel, etc.)
axelec Corporation
PALTEK CORPORATION (OTC: 7587)
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PALTEK CORPORATIONFY2001 Second Quarter/First Half Results August 10, 2001
Company: NETsilicon, Inc.Website: www.netsilicon.comFounded: 1984Located: Waltham, MassachusettsListed: Nasdaq: NSILRevenues: $38 Million in 2000 (est.)Solutions: Ethernet Microprocessing Solutions Package
Ethernet Interface (ARM + Ethernet) Connecting equipment to Network/Ethernet
Customers: Nortel Networks, NEC, Kyocera, Ricoh, Sharp,Mitsubishi Electric, Minolta, Konica, etc.
axelec Corporation
PALTEK CORPORATIONFY2001 Second Quarter/First Half Results August 10, 2001
http://www.cygnetinc.comTechnologies offered by Cygnet– VDSL(Very High Bit-Rate Digital Subscriber Line)
• Over 10Mbps
– HPNA 2.0 (Home Phoneline Networking Alliance)• Less than 10Mbps
– Gigabit Ethernet
Technology Tie-up with Novell,Joint Development Contract
Novell “BrainShare” Conference Participant(http://www.paltek.co.jp/corp/cygnet/index.htm)
PALTEK CORPORATION (OTC: 7587)
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PALTEK CORPORATIONFY2001 Second Quarter/First Half Results August 10, 2001
Bridge Remote Unit Access Concentrator
Cygnet Software
http://www.cygnetinc.com
PALTEK CORPORATIONFY2001 Second Quarter/First Half Results August 10, 2001
MDU/MTUMDU/MTUMDU/MTUMDU/MTUEquipmentEquipmentEquipmentEquipmentProvided byProvided byProvided byProvided byCygnetCygnetCygnetCygnetTechnologiesTechnologiesTechnologiesTechnologies
ServiceServiceServiceServiceProviderProviderProviderProvider
Telephone lineTelephone lineTelephone lineTelephone line
Cygnet ProductCygnet ProductCygnet ProductCygnet Product
RouterRouterRouterRouter
#1 #2
#3 #4
#n-1 #n
Data lineData lineData lineData line
Bldg. Owners Property Service Provider Property
DSU or ONUDSU or ONUDSU or ONUDSU or ONU
Bridge Remote Unit
Access
Concentrator
Telephone line
MainDistribution
Frame (MDF) CygnetCygnetCygnetCygnet ProductProductProductProduct
http://www.cygnetinc.com
PALTEK CORPORATION (OTC: 7587)
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PALTEK CORPORATIONFY2001 Second Quarter/First Half Results August 10, 2001
HYPER-PALTEK
• First Accredited BQTF (Bluetooth Qualification Test Facility)Worldwide, and in North America
• One of four accredited laboratory facilities worldwide– HYPER is the only one in North America
• HYPER-PALTEK targets becoming a BQTF by year end 2001
Worldwide Bluetooth Qualified Products (BQB): 200~300 items– In Japan: 10% of Worldwide– HYPER-PALTEK already has 20 qualifications in processHYPER-PALTEK takes majority share of Qualifications in Japan
http://www.hyper-paltek.com
PALTEK CORPORATIONFY2001 Second Quarter/First Half Results August 10, 2001
Best Platform: PLDs
SoC Design
-- Chef, KitchenChef, Kitchen
-- Design Engineers
EDA TOOLS-- Cooking ToolsCooking Tools-- 3rd Party EDA ToolsIP
IP
Spinnaker Systemshttp://www.spinnaker.co.jp
-- RecipeRecipe
Various IPs
1111T-SRAM memory
SoCSoCSoCSoC/SLI/SLI/SLI/SLIIP
IP1111T-SRAM memory
-- Design Center, Lab
PALTEK CORPORATION (OTC: 7587)
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PALTEK CORPORATIONFY2001 Second Quarter/First Half Results August 10, 2001
MoSys - The SoC Embedded Memory
1111T-SRAM memory
1111T-SRAM memory
http://www.mosysinc.comMonolithic System Technology, Inc.NASDAQ: (MOSY) IPO on June 28, 2001
1111T-SRAM memory
1T-SRAM: Revolutionary Memory Technology Two to three times as dense as traditional SRAMs & consumes significantly less power 1) High Density 2) Low Power Consumption 3) High Speed 4) Low CostProduct: 1) IP (License) -- Fit large memory into SoC design 2) Semiconductor (Memory) -- For Volume ShipmentsCustomers: Tier One Electronics, Semiconductor,
and Foundry CompaniesMarkets: Communications Consumer Electronics
PALTEK CORPORATIONFY2001 Second Quarter/First Half Results August 10, 2001
Announced Partners
Foundry Companies :Our foundry partners enable us toprovide silicon proven 1T-SRAMtechnology in the most popularprocesses to fabless semiconductorcompanies. Partners like Spinnaker :Other partnerships enable MoSys toprovide the 1T-SRAM technology in theform of memory compilers.Development of SoC/SystemLSI
Through partnerships, MoSys is expanding the availability of the1T-SRAM technology throughout the semiconductor market
http://www.mosysinc.com
PALTEK CORPORATION (OTC: 7587)
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PALTEK CORPORATIONFY2001 Second Quarter/First Half Results August 10, 2001
Announced Licensees
MoSys licenses its 1T-SRAM memorytechnology intellectual property tosemiconductor and systems companiesincluding those on this page for thedevelopment of Systems On Chips(SOCs).
These SOCs cover a wide range ofapplications in the communications andconsumer electronics markets.
Next Generation SoCs for Communications/Electronics Markethttp://www.mosysinc.com
PALTEK CORPORATIONFY2001 Second Quarter/First Half Results August 10, 2001
http://www.alpha-denshi.co.jp
Alpha Electronics
• First Half Sales: ¥1,667 Mil (59%)• Year End Sales: ¥3,353 Mil (41%)
• Strong digital consumer demand,customers like SANYO
PALTEK CORPORATION (OTC: 7587)
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PALTEK CORPORATIONFY2001 Second Quarter/First Half Results August 10, 2001
Year End Projections
Sales
Operating Profit
Recurring Profit
18,947
654
576
1%
△69%
△73%
Net Profit 72 △94%
Annual Growth
Consolidated Results
Unit: Million Yen
PALTEK CORPORATIONFY2001 Second Quarter/First Half Results August 10, 2001
Sales
Operating Profit
Recurring Profit
15,148
1,142
1,064
△7%
△49%
△54%
Net Profit 627 △53%
Year End Projections
Annual Growth
Non-Consolidated Results
Unit: Million Yen
PALTEK CORPORATION (OTC: 7587)
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PALTEK CORPORATIONFY2001 Second Quarter/First Half Results August 10, 2001
Safe Harbor Disclaimer
This presentation may provide projections or otherforward-looking statements regarding future events and/orfuture financial performance. We wish to caution youthat such statements are just predictions and that actualevents or results may differ materially due to changes inthe market and/or other business conditions.
PALTEK CORPORATIONFY2001 Second Quarter/First Half Results August 10, 2001
IR ContactFor Inquiries, please contact:
Daniel BrandtManagerBusiness Development & Investor Relations
PALTEK Corporation2-3-12 Shin-Yokohama, Kouhoku-ku,Yokohama 222-0033 Japan
TEL: +81-45-477-2016FAX: +81-45-477-2012E-mail: [email protected]