BE Semiconductor - 500 Beiträge pro Seite

[filius]

Eine holländische Tochter von Berliner Elektro. Was haltet Ihr von diesem Wert?

[gholzbauer]

Berliner Elektro (BEH) hat den größten Teil ihrer BESI-Beteiligung verkauft, was aber nicht heißen muß, daß BESI keine guten Aussichten hätte. BEH hat schon öfter gewaltig danebengehauen, zum Beispiel läuft die Tochter Schaltbau gnadenlos schlecht und versaut das gesamte Konzern-Ergebnis. BESI ist eventuell ein Übernahmekandidat, Applied Materials, KLA Tencor oder andere Chip-Equipment-Hersteller könnten an BESI zur Abrundung ihrer Produktpalette interessiert sein.

[s0_2011]

BESI sees strong Q2 figs, record backlog
AMSTERDAM, July 6 (Reuters) - BE Semiconductor (NasdaqNM:BESI - news) said on Thursday it expected to report strong financial results in the second quarter of 2000 due to the market conditions for semiconductors.

Earning per share (EPS) for the period are expected to be 0.15 euros, the company said, while net sales are expected to reach 44 million euros.

In addition, the company said the backlog in its order book had reached a record of about 121 million euros as of June 30, an increase of about 11 percent compared to the March 31 figure of 109 million euros.

The company will report second quarter earnings on August 8.

The company`s statement comes amid the strong performance of the chip industry internationally, helped in part by demand from the mobile telephony sector.

[gholzbauer]

Ich frage mich wirklich, warum der Kurs fällt. Das Geschäft läuft bombig.

BE Semiconductor Industries Reports Second Quarter 2000 Results
* Second Quarter 2000 Sales Up 92%, Net Income Up 5.5 million
over Second Quarter 1999 *
* Record Backlog *

Drunen, The Netherlands, August 8, 2000 - BE Semiconductor Industries N.V. (“the Company”) (NASDAQ: BESI; Amsterdam Stock Exchange: BESI; Frankfurt Stock Exchange: BSI), a leading manufacturer of assembly equipment for the semiconductor industry, today announced its financial results for the second quarter ended June 30, 2000 and the first half of 2000.

Net sales for the second quarter of 2000 were 44.3 million, a 91.8% increase compared to net sales in the second quarter of 1999 of 23.1 million and a 17.2% increase compared to net sales of 37.8 in the first quarter of 2000. The Company’s net income was 5.7 million compared to net income of 0.2 million in the comparable 1999 period and 2.3 million in the first quarter of 2000. Net income per share was 0.18 for the second quarter of 2000, compared to net income per share of 0.01 in the comparable quarter of 1999 and 0.09 in the first quarter of 2000.

Commenting on these results, Mr. Richard Blickman, President and Chief Executive Officer, said: “Our company achieved outstanding results for the second quarter of 2000. Second quarter results were positively influenced by higher shipments and higher gross margins reflecting continued strong customer demand for our packaging and plating solutions. Furthermore, our PBE joint venture recorded strong sales in the second quarter of 2000 and realized a significant increase in net income reflecting strong market conditions in its principal Asian markets.”

Net sales for the six months ended June 30, 2000 increased 97.8% to 82.1 million compared to net sales of 41.5 million in the prior year period. The Company’s net income for the first six months of 2000 was 8.0 million, or 0.28 per share, compared to a net loss of 1.6 million, or
0.06 per share, in the first half of 1999.

The Company’s backlog rose by 10.7% to 120.8 million at June 30, 2000 from 109.1 million at March 31, 2000 and by 43.6% from 84.1 million at December 31, 1999. The Company’s book-to-bill ratio was 1.45 for the first half year of 2000, compared to a book-to-bill ratio of 1.44 for the comparable period of 1999. Mr. Blickman continued: “Backlog increased at a very healthy rate, particularly as global semiconductor use continues to expand, driven by communications, Internet-related and consumer products applications. Bookings in the second quarter of 2000 were particularly strong for plating systems. Total bookings for the first half of 2000 amounted to 118.8 million compared to 59.6 million in the first half of 1999. Based on our current backlog and visibility with customers, we anticipate that net sales and results of operations will continue to improve in the second half of 2000 as compared to the first half of the year.”

The Company’s gross margin was 37.6% for the second quarter of 2000, compared to 30.2% in the prior year period and 35.1% in the first quarter of 2000. The gross margin increase as compared to the year-ago quarter was due to increased gross margins for all product lines due to economies of scale related to significantly increased net sales and an improved pricing environment for packaging systems.

The Company’s operating income for the second quarter of 2000 was 4.9 million compared to an operating loss of 1.7 million in the 1999 period and operating income of 2.5 million in the first quarter of 2000. The significant improvement as compared to the second quarter of 1999 was due to improved gross margins and the benefits of economies of scale related to significantly increased net sales levels. Selling, general and administrative expenses were 8.4 million in the second quarter of 2000 as compared to 6.4 million in the comparable 1999 period. As a percentage of net sales, selling, general and administrative expenses decreased to 18.9% in the 2000 second quarter as compared to 27.7% in the comparable period of 1999 and 19.5% in the first quarter of 2000.

The Company increased its research and development spending to 2.7 million in the second quarter of 2000 as compared to 1.6 million in the second quarter of 1999 reflecting increased development efforts focused mainly on systems for chip scale ball grid array applications due to increased market demand.

The Company’s 30% joint venture PBE contributed 2.0 million to the Company’s net income in the second quarter of 2000, as compared to a net income contribution of 0.5 million in the second quarter of 1999 and 0.6 million in the first quarter of 2000. The net income contribution of PBE in the second quarter of 2000 included a one-time gain of 0.6 million relating to the sale of a subsidiary. PBE’s net sales for the second quarter of 2000 increased by 35.5% as compared to the year-ago quarter reflecting significantly increased customer demand for leadframe products.

At June 30, 2000, the Company’s cash totaled 134.9 million and exceeded total debt and capital lease obligations of 12.9 million. At June 30, 2000, shareholders’ equity was 236.9 million. These balances reflect the proceeds received from the sale of a total of 18.4 million of the Company’s ordinary shares in April 2000, of which the Company sold 5.4 million shares and Berliner Elektro Holding AG sold 13 million shares. Gross and net proceeds to the Company in connection with this offering were 97.2 million and 94.0 million, respectively. As a result of the transaction, Berliner Elektro Holding AG reduced its ownership in the Company from approximately 55% of the Company’s ordinary shares to less than 5%.

BE Semiconductor Industries N.V. designs, develops, manufactures, markets and services molding, trim and form, singulation and plating systems for the semiconductor industry’s assembly operations and provides through its joint venture, Possehl BESI Electronics N.V. (“PBE”), leadframes and connector plating services to customers. The Company’s customers consist primarily of leading U.S., European, Asian, Korean and Japanese semiconductor manufacturers and subcontractors.

“Safe Harbor” Statement under the U.S. Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements, such as expectations as to future equipment deliveries and results for future periods that involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the cyclicality of the semiconductor equipment industry, risks related to customer concentration, delays and cancellations of product orders, the impact of the banking and currency difficulties experienced by certain Asia-Pacific countries and general economic conditions in such regions, competitive pressures, general economic conditions and the risk factors detailed in the Company’s periodic reports and registration statements filed with the Securities and Exchange Commission.


For more investor information:

[e-mail]

BE Semiconductor Industries N.V. Consolidated Statements of Operations
(amounts in thousands, except per share data)
(unaudited) Three months
ended June 30, Six months
ended June 30,
1999 2000 1999 2000
Euro Euro Euro Euro
Net sales 23,077 44,260 41,466 82,077
Cost of sales 16,097 27,611 28,575 52,160

Gross profit 6,980 16,649 12,891 29,917

Selling, general and administrative expenses 6,386 8,356 13,065 15,723
Research and development expenses 1,588 2,716 3,130 5,400
Amortization of intangible assets 686 686 1,372 1,372

Total operating expenses 8,660 11,758 17,567 22,495

Operating income (loss) (1,680) 4,891 (4,676) 7,422
Interest expense, net (118) 744 (316) 724
Other income 1,330 - 1,354 -

Income (loss) before taxes and equity
in earnings of affiliated companies (468) 5,635 (3,638) 8,146
Income taxes (benefit) (160) 1,927 (1,301) 2,780
Income (loss) before equity in earnings of affiliated companies (308) 3,708 (2,337) 5,366

Equity in earnings of affiliated companies, net 526 1,968 703 2,605

Net income (loss) 218 5,676 (1,634) 7,971

Earnings per share – basic and diluted 0.01 0.18 (0.06) 0.28

Weighted number of shares – basic 26,394,425 30,766,093 26,394,425 28,580,259
Weighted number of shares – diluted 26,394,425 30,906,012 26,394,425 28,732,354


The financial information of these interim periods has been prepared in accordance with US GAAP.


BE Semiconductor Industries N.V. Consolidated Balance Sheets
(amounts in thousands) Dec. 31, 1999 June 30, 2000
Euro Euro
(unaudited)
ASSETS
Cash and cash equivalents 52,090 134,948
Accounts receivable, net 33,150 38,812
Inventories 26,348 34,196
Advances to affiliated companies 540 542
Other current assets 6,260 8,460

Total current assets 118,388 216,958

Property, plant and equipment 27,325 27,215
Intangible assets 24,138 22,766
Investment in affiliated companies 32,250 35,542
Other non-current assets 188 499

Total assets 202,289 302,980

LIABILITIES AND SHAREHOLDERS’ EQUITY
Notes payable to banks and current portion of long-term debt and capital leases 9,009 1,531
Accounts payable 20,323 22,264
Accrued liabilities 19,794 23,682

Total current liabilities 49,126 47,477

Long-term debt and capital leases 12,123 11,359
Other long-term liabilities 804 875
Deferred income tax liabilities 6,600 6,321

Total non-current liabilities 19,527 18,555

Total shareholders’ equity 133,636 236,948

Total liabilities and shareholders’ equity 202,289 302,980

[s0_2011]

AMSTERDAM, Aug 9 (Reuters) - Morgan Stanley Dean Witter (MSDW) said on Wednesday it had raised its 2000 earnings per share estimate for BE Semiconductor Industries (NasdaqNM:BESI - news) to 0.65 euros from 0.60.

The investment bank added it had left its 2001 EPS forecast ``very conservatively`` at 1.04 euros and reiterated its ``Outperform`` rating of the stock with a 29 euro price target.

``We believe the recent sell-off in semiconductor back end equipment companies ... is overdone and that the current valuation levels are attractive,`` MSDW said in a research report.

[gholzbauer]

2001er KGV von ca. 13.
BESI ist einer der billigsten Hightech-Werte, die ich kenne.
Leute, verkauft eure Infineon, kauft BESI!

[gholzbauer]

Chart:
http://www.siliconinvestor.com/research/chart.gsp?s=BESI

[baley]

Frankfurter über Besi:

Spekulativer, aber ebenfalls interessant:
Die niederländische BE Semiconductor (897 407) zeigt deutlich schwächere Renditekennzahlen, aber dafür auch eine günstigere Bewertung. Die frühere Tochter von Berliner Elektro (heute AdCapital) ist ein Lieferant von Verpackungseinrichtungen für die Chipindustrie. Die operative Marge liegt bei mageren 5,2 %, die Eigenkapitalrendite bei rd. 5,5 %. Damit ist das Unternehmen deutlich schlechter als ASM Lithography. Die Aktie marschierte von 9 bis auf 28 und liegt nunmehr wieder bei 10,50 EUR, was eine Börsenkapitalisierung von 366 Mio. EUR bedeutet. Damit wurde eine Verlangsamung in der Branche mehr als vorweggenommen, denn: Ein gutes Viertel des Marktwertes (rd. 100 Mio. EUR) sind allein bereits durch die bilanzierten Netto-Barmittel abgedeckt. Die schon reduzierte Gewinnschätzung für das Jahr 2001 geht von 0,94 EUR je Aktie aus, was ein KGV von 11,3 bedeutet. Ohne die Netto-Barmittel läge diese Kennziffer sogar bei 8,5. Realistischer erscheint eine Größenordnung von 15 bis 16, was auf ein Kursziel von 15 EUR hinausläuft. Sichern Sie die Position bitte nach erfolgtem Kauf mittels Stop-loss bei 8,95 EUR ab.

[gholzbauer]

Thursday February 15, 3:41 am Eastern Time
BESI warns of sales, profit slowdown
(UPDATE: Adds quotes, details, shares in paras 7-8)

AMSTERDAM, Feb 15 (Reuters) - Dutch semiconductor equipment maker BE Semiconductor NV (NasdaqNM:BESI - news) on Thursday reported a robust rise in 2000 net profit, but warned sales and earnings growth would slow substantially if clients kept cutting back spending.

``...We see evidence in January 2001 of capital expenditure cutbacks and extensions of product delivery dates by our customers and other major global semiconductor producers, which indicates that our backlog is expected to decline in the first half of 2001,`` BESI said in a results statement.

``As a result, we believe that growth in net sales and net income will slow substantially in 2001 compared to 2000 if industry conditions continue to adversely affect new order rates beyond the first half of the year.``

BESI, which is set to be promoted to the Dutch AMX midcap share index in March, was the latest in a string of technology companies to warn of an early-2001 slowdown.

It said 2000 net profit, including a one-time charge related to its buy of U.S. firm RD Automation, increased to 18.5 million euros ($16.99 million) from 2.4 million in 1999.

Excluding the one-off charge, net profit was 25.6 million euros. Analysts polled by Reuters had forecast net profit of 20.2 to 28.4 million euros, with consensus at 25.7 million.

Sales nearly doubled to 198 million euros from 105.6 million in the previous year.

The shares were up 4.8 percent at 9.85 euros after the U.S. Philadelphia semiconductor index (^SOXX - news) jumped nearly eight percent on Wednesday.

BESI shares are slightly above their 12-month low of 8.55 euros touched in December and well below the 29.25 peak seen in February 2000.