Article Excerpt:
TWST: Would you give us a brief historical sketch of the company and a picture of the things you are doing at the present time?Mr. Rohrs: I'll be quite brief in our history, number one, because it's lengthy, but more to the point, my own personal experience is that I've been with the company as CEO now for only about three months and I am not the person who has all of the historical recollection. Fundamentally, Electroglas has been in the business of wafer test for approximately 40 years now, and has been a public company since 1993. So there is a long history of success with Electroglas and a very positive history of satisfying customers in bringing solutions to customers. The wafer test business is rather straightforward. Customers basically need three devices; they need a test head, they need a probe card, and they need a prober. We make probers that precisely position each device on the wafer under the probe card needles for test. Our business is to develop, manufacture, sell, and service probers. The prober market is about an $800 million market, and it's growing about 9% per year, per VLSI Research statistics. Within that market, there are fundamentally three main suppliers. There is Tokyo Electron, there is TSK (or Accretech), and there is Electroglas. So we are one of the three major suppliers working to fundamentally satisfy the prober element of the wafer test system. Just in terms of reference, right now, we are probably at about 25% market share standard at 200mm. And more important, we have reintroduced a next generation 300mm product, which brings very significant and unique value-added contributions to the customers and to the prober marketplace. These tools are now shipping and being evaluated for large orders by a number of different customers. So that's a very brief background of Electroglas.
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