UMS Holdings

[l0nEr]

Applied Materials Q4 earnings transcript.
http://seekingalpha.com/article/1012621-...ipt?page=1

"In Q4 FY12, SSG orders were down 36% to $741 million, driven primarily by a lower foundry and NAND bookings, partially offset by logic. Net sales decreased 44% to $870 million, in line with our outlook, with declines across foundry, memory and logic customers. SSG's non-GAAP operating margin was 10.9%."

Management forecast is a little downbeat also...although dont see much visibility in H2 FY13

"if we look at our seasonality picture that we've seen now for 2 years in a row, we start to see orders grow for SSG products in Q1. We believe that's what we're seeing today. It is not -- we don't believe it will be as accentuated as it was last year with such a high peak in Q2 and dropping in Q3. A little hard to tell right now, but maybe a little more muted trend than we saw last year."

Relative more bullish on the 20-nanometer stuff.... does UMS make such stuff????
""our SSG revenue will follow wafer fab equipment, plus whatever share gains that we have. And we feel quite bullish about 20-nanometer. But 20-nanometer is going to be maybe 25,000 or 30,000 wafer starts in 2013."

Backlog for SSG is also low... but the management tries to play down the impact.

Interesting read... but i guess not much growth for UMS next year, i thought maintaining the dividend should be fine?