{
  "docId": "019dd923-622c-750b-8b9a-0f4bec37392f",
  "docSlug": "f982379e2e48",
  "documentTitle": "Lasertec Corporation (6920)",
  "authorId": "58_Scorpion_Capital",
  "authorName": "Scorpion Capital",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2024-06-05 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 168,
  "pageCount": 334,
  "prevPage": 167,
  "nextPage": 169,
  "slideType": "villain_critique",
  "function": "name_villain",
  "density": "sparse",
  "nDataPoints": 0,
  "notes": "This slide serves as a direct attack on the company's market positioning and investor perception.",
  "elementsJson": [
    "paragraph"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9a-0f4bec37392f/168",
  "deckHref": "/decks/019dd923-622c-750b-8b9a-0f4bec37392f",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-0f4bec37392f.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-0f4bec37392f#slide-168",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "It is not - and will never be - a serious, credible player in EUV lithography/inspection, and investors who perceive it as “Japan’s ASML” are misguided.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-78b6-764f-bc84-c45b79ee14de",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.243,
        "w": 0.852,
        "x": 0.074,
        "y": 0.077
      },
      "kind": "paragraph",
      "text": "5. Lasertec’s EUV ambitions have always been vaporous given the impossibility of developing an EUV light source without investing USD billions. It is not - and will never be - a serious, credible player in EUV lithography/inspection, and investors who perceive it as “Japan’s ASML” are misguided.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "17bb6024-624f-43a4-95a6-7822f8a854a5",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [
    {
      "name": "antagonist-introduction",
      "slug": null,
      "matchId": "54c169d3-e158-4b5d-8b63-5f13860ef4b2",
      "evidence": "The slide explicitly frames Lasertec as an incapable, 'vaporous' competitor to ASML.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}