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These excerpts taken from the PHTN 10-K filed Jan 24, 2008. Research
and Development
Our research and development expenses consist primarily of
salaries, related personnel costs, depreciation, prototype
materials and fees paid to consultants and outside service
providers, all of which relate to the design, development,
testing, pre-manufacturing and improvement of our products.
Our overall research and development spending decreased in
fiscal 2007 as compared to fiscal 2006 in absolute dollars.
Although we had lower spending on Generation 6 and 7 test and
repair product development programs in the current fiscal year
as compared to the prior fiscal year, these savings were offset
by the launch of our Generation 10 product development program
in anticipation of a move to Generation 10 substrate glass by
our customers. In addition, we had savings from decreased
headcount in fiscal 2007.
Our overall research and development spending decreased in
fiscal 2006 as compared to fiscal 2005 in both absolute dollars
and as a percentage of revenue due to lower spending on our
Generation 6 and 7 test, repair and inspection product
development programs and to savings from the restructuring
associated with the closing of our Markham, Canada location.
This decrease in research and development expenses occurred
despite the impact of SFAS No. 123R in fiscal 2006,
for which there were no comparable charges in fiscal 2005.
Table of Contents
We will continue to invest in research and development to
maintain technology leadership in our products. Our customers
must continually improve their display quality performance and
production costs in order to be successful in the display
market. To meet our customers’ needs, we must improve our
product performance in defect detection, repair success, cost of
ownership, ease of use and throughput for each of our product
generations.
Research and Development
Our research and development expenses consist primarily of salaries, related personnel costs, depreciation, prototype materials and fees paid to consultants and outside service providers, all of which relate to the design, development, testing, pre-manufacturing and improvement of our products. Our overall research and development spending decreased in fiscal 2007 as compared to fiscal 2006 in absolute dollars. Although we had lower spending on Generation 6 and 7 test and repair product development programs in the current fiscal year as compared to the prior fiscal year, these savings were offset by the launch of our Generation 10 product development program in anticipation of a move to Generation 10 substrate glass by our customers. In addition, we had savings from decreased headcount in fiscal 2007. Our overall research and development spending decreased in fiscal 2006 as compared to fiscal 2005 in both absolute dollars and as a percentage of revenue due to lower spending on our Generation 6 and 7 test, repair and inspection product development programs and to savings from the restructuring associated with the closing of our Markham, Canada location. This decrease in research and development expenses occurred despite the impact of SFAS No. 123R in fiscal 2006, for which there were no comparable charges in fiscal 2005.
Table of ContentsWe will continue to invest in research and development to maintain technology leadership in our products. Our customers must continually improve their display quality performance and production costs in order to be successful in the display market. To meet our customers’ needs, we must improve our product performance in defect detection, repair success, cost of ownership, ease of use and throughput for each of our product generations. This excerpt taken from the PHTN 10-K filed Dec 14, 2006. Research
and Development
Our research and development expenses consisted primarily of
salaries, related personnel costs, depreciation, prototype
materials and fees paid to consultants and outside service
providers, all of which relate to the design, development,
testing, pre-manufacturing and improvement of our products.
Our overall research and development spending decreased in
fiscal 2006 as compared to fiscal 2005 in both absolute dollars
and as a percentage of revenue due to lower spending on our
Generation 6 and 7 test, repair and inspection product
development programs and to savings from the restructuring
associated with the closing of our Markham, Canada location.
This decrease in research and development expenses occurred
despite the impact of SFAS No. 123R in fiscal 2006,
for which there were no comparable charges in fiscal 2005.
We increased our overall research and development spending in
fiscal 2005 as compared to fiscal 2004 due to more engineering
programs in process to support simultaneous development of
Generation 6 and 7 test and repair products, and our inspection
products. The increased costs related primarily to higher
spending on prototype materials and engineering headcount.
We expect our research and development expenses to increase
slightly in absolute dollars during our first quarter of fiscal
2007 as compared to research and development expenses of
approximately $7.3 million in our
Table of Contents
fourth quarter of fiscal 2006. During fiscal 2007, we will
continue our research and development efforts to address the
following areas:
We will continue to invest in research and development to
maintain technology leadership in our products. Our customers
must continually improve their display quality performance and
production costs in order to be successful in the display
market. To meet our customers’ needs, we must improve our
product performance in defect detection, repair success, cost of
ownership, ease of use and throughput for each of our product
generations.
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