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TWST: Please begin with a brief historical sketch of the company and a
picture of the things you're doing at the present time.
Mr. Bertelli: I am the CEO and Founder of the company. We actually
started back in 1983 and started shipping product in the 1984/1985
timeframe. The company has always been focused on high-performance
computing, able to provide typically unmatched floating-point
performance for real-time applications in a number of markets. In the
defense market, this might be for high-end radar systems, for example,
or for signals intelligence. In the life sciences market, our solutions
are used in medical diagnostic imaging systems such as CT (computed
tomography), MRI (magnetic resonance imaging), PET (positron emission
tomography), digital angiography, etc. And we are now also moving into
3D imaging and visualization for hospital radiology work. In the
semiconductor business, we enable our customers to achieve higher levels
of quality in the manufacturing process as they inspect the wafers, find
defects, improve the manufacturing process ' it all requires a
tremendous amount of compute power. These three markets are currently
the major generators of revenue for us. They have been for a number of
years, and I suspect they will continue to be our main markets for some
time, although we certainly are uncovering new opportunities, primarily
as a result of new technology. One of the things you see, if you look at
the history of our business, is that whenever there is what I'd call a
major inflection point ' in terms of new, available technology that
better enables applications to be computerized ' there are always
certain requirements in terms of power consumption and packaging and
economic constraints that accompany any application. So within a couple
of years of these inflection points, Mercury has, in the past,
experienced rapid growth It takes a couple of years because in the OEM
business, there is a time lapse between when you get a design win, when
a customer starts to incorporate it in their products, and when they
deliver it to the marketplace. This is true whether it is a commercial
customer or a defense contractor. So we are looking now at future growth
based in part upon the IBM Cell BE Processor, which we were able to
deliver in prototype systems over the last several months to customers
in both the defense and commercial markets. We would expect that a
number of these will find their way into the next generation products
that our customers will deliver. These systems represent a technological
breakthrough, we believe, in terms of putting multicomputer systems
together that are meeting and exceeding performance requirements within
constraints that for us are typical ' constraints like cost, weight,
size and power consumption.
Tickers included in this excerpt: MRCY
For more information call (212) 952 7433. The
Wall Street Transcript does not endorse any of the comments made by interviewees, and does
not make stock recommendations.
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