Joseph Elgindy – Investor Relations & Strategic Planning Bruno Guilmart – President and CEO Jonathan Chou – SVP and CFO.
Tom Diffely – D.A. Davidson Mohit Khanna – Value Investment Principals Ltd Albert Sebastian – Prospect Capital Advisors David Duley – Steelhead.
Greetings and welcome to the Kulicke & Soffa Fourth Fiscal Quarter 2014 Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. (Operator Instructions) As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Joseph Elgindy, Director of Investor Relations and Strategic Planning for Kulicke & Soffa. Thank you. You may begin..
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Jonathan Chou:.
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Thank you. At this time we will be conducting a question-and-answer session. (Operator Instructions) Our first question is coming from the line of Tom Diffely with D.A. Davidson. Please proceed with your question..
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Thank you. (Operator Instructions) Our next question is coming from the line of Mohit Khanna with Value Investments. Please proceed with your question..
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Thank you. Our next question is coming from the line of [Andy Scholnick] (ph), a private investor. Please proceed with your question..
Jonathan, in the absence of having the 10-K available at this time, I'm going to ask you just fill in a couple of numbers for me.
What was the net cash flow from operations in the fiscal fourth quarter?.
Jonathan Chou:.
Yes. Well probably another one that you may not have readily available.
I was wondering if you could give us a free cash flow calculation in terms of fiscal 2014?.
Jonathan Chou:.
Well, I think the only other thing I am curious about is whether or not you have any kind of sense of what’s the penetration of the bonder market has been from the copper bonders over the past few years?.
Bruno Guilmart:.
Do you have any estimate of how far you've penetrated the market for copper bonders?.
Bruno Guilmart:.
Jonathan, can I come back to you? I want to be sure I did understand what you said about the share repurchase program.
Did you repurchase $628,000 worth of common stock at $14.40 per share in the fourth quarter?.
Jonathan Chou:.
And what was the 6.8 million that you referenced, that $13.27 per share?.
Bruno Guilmart:.
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That’s it for me, unless you have that net cash flow from operations or when the 10-K will be filed?.
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Thank you. Our next question is coming from the line of Albert Sebastian with Prospect Advisors. Please proceed with your question..
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Thank you. Our next question is from the line of David Duley with Steelhead. Please proceed with your question..
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So you are definitely demonstrating that your customer side is a much more stable process and a higher units per hour?.
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Last question from me is, the year-over-year guidance for December is up versus last year as you pointed out.
Is that almost, is that the wedge bonder business being strong year-over-year most of the [Multiple Speakers]?.
Bruno Guilmart:.
Thank you. We have reached the end of our question-and-answer session. I would now like to turn the floor back over to Mr. Elgindy for any additional concluding comments..
Joseph Elgindy:.
Thank you. Ladies and gentlemen, this does conclude today’s teleconference. We thank you for your participation and you may disconnect your lines at this time..