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Kulicke and Soffa Industries, Inc. Message Board

  • crosscourtforehand crosscourtforehand Jan 29, 2013 11:35 AM Flag

    question on call re cash

    The conference call is pretty much useless to read since every third word is inaudible, but here's what CFO said about use of cash.

    Tom Duley - D.A. Davidson
    All right. Obviously, when you look at the cash, cash continues to pick up here, 6.50 a share, so well over half your market capital it looks like right now. When you look at the cash, is there a certain level that you think is sufficient to obtain the external growth that you’re targeting or is it, you know, are we ever going to get to a point when you think you have sufficient cash and look at some other options?

    Jonathan Chou - SVP and CFO
    Sorry, [inaudible]. The use of cash question, [inaudible]?

    Tom Duley - D.A. Davidson
    Yeah, I’m just kind of curious what it’s going to take to do something like share repurchasing or you know, other use of the cash besides just holding onto it for external acquisitions?

    Jonathan Chou - SVP and CFO
    Right, I mean, [inaudible] look at the composition that actually comes up very frequently with our team at a board level. We just feel that in this point in time it is actually better for us, for our [inaudible] to basically [inaudible] for external opportunities. Really, find opportunities that [inaudible] and the confidence that we have within the company. I would say that with the compositional progress will shift as we go through the buying process. But at [inaudible], basically our organic growth [inaudible].

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KLIC
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