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Aehr Test Systems Reports Operating Results (10-K)

August 27, 2010 | About:
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10qk

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Aehr Test Systems (AEHR) filed Annual Report for the period ended 2010-05-31.

Aehr Test Systems has a market cap of $10.5 million; its shares were traded at around $1.23 with and P/S ratio of 0.9. AEHR is in the portfolios of Jim Simons of Renaissance Technologies LLC.

Highlight of Business Operations:

The full wafer contact systems product category accounted for

approximately 65%, 82% and 86% of the Company's net sales in fiscal 2010, 2009

and 2008, respectively.



This packaged part systems product category accounted for approximately

35%, 17% and 12% of the Company's net sales in fiscal 2010, 2009 and 2008,

respectively.



Sales to the Company's five largest customers accounted for approximately

85%, 95%, and 98% of its net sales in fiscal 2010, 2009 and 2008,

respectively. During fiscal 2010, Spansion Inc., Micronas Semiconductor

Holding AG and Texas Instruments Incorporated accounted for approximately 55%,

12% and 11%, respectively, of the Company's net sales. During fiscal 2009 and

2008, one customer, Spansion Inc., or Spansion, accounted for approximately

80% of the Company's net sales. No other customers accounted for more than

10% of the Company's net sales for any of these periods. The Company expects

that sales of its products to a limited number of customers will continue to

account for a high percentage of net sales for the foreseeable future. In

addition, sales to particular customers may fluctuate significantly from

quarter to quarter. Such fluctuations may result in changes in utilization of

the Company's facilities



The semiconductor manufacturing industry is highly concentrated, with a

relatively small number of large semiconductor manufacturers and contract

assemblers accounting for a substantial portion of the purchases of

semiconductor equipment. Sales to the Company's five largest customers

accounted for approximately 85% and 95% of its net sales in fiscal 2010 and

2009, respectively. During fiscal 2010, Spansion, Micronas Semiconductor

Holding AG





and Texas Instruments Incorporated accounted for approximately 55%, 12% and

11%, respectively, of the Company's net sales. During fiscal 2009, one

customer, Spansion, accounted for approximately 80% of the Company's net

sales. No other customers represented more than 10% of the Company's net

sales for either fiscal 2010 or fiscal 2009.



Read the The complete Report

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10qk
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