TSEL ends Q1 2010 Debt Free with Healthy Balance Sheet and no distressed Assets
Tuesday, March 30, 2010
Consulting from an impartial position of strength has ensured TSEL continues to grow in Q1 2010
Consulting on long term equipment capacity growth for leading manufacturers of semiconductors by sourcing high quality used equipment from non publicly available sources has enabled TSEL's clients to successfully complete capacity expansion plans.
TSEL has links to a large number of alternative asset sources that are typically not announced to the market place. This allows TSEL to efficiently review potential tools for compatibility with it's client's requirements ahead of tool purchase for capacity expansions, significantly reducing technical and financial risk, and optimises production capacity planning.
Additionally in Q1 2010 TSEL has increased its work in both leading edge front and backend 300mm tool sales. With consultancy agreements for advising in the sale of tools from the world's leading 300mm facilities along with confidential and discreet advise to world leading banks and finance institutions.
Unlike many small and large semiconductor equipment resale companies that have balance sheets still bloated with over valued distressed assets and high debt positions TSEL feels strongly placed with a strategy of helping it's traditional customers to find high quality assets, some of which are from suppliers with the afore mentioned balance sheet and debt difficulties.
With no compromising assets on its balance sheet or any debt TSEL feels that it can provide reliable, impartial advice and consulting to leading wafer fabs across the world, and expects further growth in the remainder of 2010 for this portion of its business