TowerJazz is progressing step by step. 2010 was a great year and 2011 onwards will be even better. There is a strong management team that plan a head, follow this 3-5 years plan and results show that now more than ever the outcome is worthwhile. Yes, there are issues ( mainly surrounding the balance sheet, debt etc ) however there is not even one aspect that the company didn't;t make a significant improvement. While working on the financial issues, financing etc there is a huge emphasis on growth, customers, contracts, increase of manufacturing capabilities and so for the longs amongst us, patience will yield.
Couple of days back the CEO held investor conference in which he provided his and the company guidelines for the coming 3 years and in short, the forecast is to reach 1B USD sales in 2013 while growing double than the industry rate during 2011.
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TowerJazz is progressing step by step. 2010 was a great year and 2011 onwards will be even better. There is a strong management team that plan a head, follow this 3-5 years plan and results show that now more than ever the outcome is worthwhile. Yes, there are issues ( mainly surrounding the balance sheet, debt etc ) however there is not even one aspect that the company didn't;t make a significant improvement. While working on the financial issues, financing etc there is a huge emphasis on growth, customers, contracts, increase of manufacturing capabilities and so for the longs amongst us, patience will yield.
Couple of days back the CEO held investor conference in which he provided his and the company guidelines for the coming 3 years and in short, the forecast is to reach 1B USD sales in 2013 while growing double than the industry rate during 2011.
Best of luck to all
Guy
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This company is on the cusp of greatness imho.
Please find the list of companies that employ TSEM expertise below:
From corp website; "TowerJazz currently serves leading semiconductor companies including: Atheros Communications, Conexant, DRS Technologies, Fairchild Semiconductor, International Rectifier, Ikanos, Intersil, Marvell Technology Group, National Semiconductor, Freescale Semiconductor, NXP, Microtune, Mindspeed Technologies, On Semiconductor, Panavision, RF Micro Devices, SiTime Corporation, Skyworks Solutions, Toshiba, Vishay - Siliconix, , Teledyne Scientific and Imaging, Texas Instruments, VIA Technologies and Zoran Corporationact"
Anyone else been following MSPD, SWKS lately? well TSEM supplies them.
40%
That is very impressive given the industry average of 7%.
Info from slide #4 of the presentation at Neeham conference Thursday 01/13/2011.
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