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  "documentTitle": "Lasertec Corporation (6920)",
  "authorId": "58_Scorpion_Capital",
  "authorName": "Scorpion Capital",
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  "sourceTypeSlug": "short_seller",
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  "presentationDate": "2024-06-05 00:00:00",
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  "notes": "The slide details allegations of inflated inventory, aggressive discounting (up to 75%), and questionable product lifecycle management (A150 to A300 transition).",
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      "text": "この申し出から伺えるのは、新商品の「販促促進に必死」という姿でなく、投資家をごまかそうとしている姿勢だ。",
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      "text": "マーベル・テクノロジーの上席従業員から聞いた逸話により、レーザーテックが増加しつづける極端紫外線装置の在庫を解消するのに必死である、この事実が浮き彫りになる。また、製品不良と低い稼働率に対して高まっている、顧客の不満を緩和することにも総力を投じている。",
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      "text": "マーベル・テクノロジーの幹部がレーザーテックの本社を訪問したとき、A300が話題になった。「発売直後に購入台数をなるべく多くしたいために、場合によってA150と値段を割り引いたA300の交換を考えてもいい、と言いました。」この申し出から伺えるのは、新商品の“販促促進に必死”という姿だけでなく、投資家をごまかそうとしている姿勢だ。",
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      "text": "取材に応じた数社の関係者はレーザーテックの本社を訪問した際、装置の在庫が増えつづけていて、それを証明する光景を見たと伝える。マーベル・テクノロジーの上席従業員はそのひとりだ。",
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      "text": "第7部 最近、レーザーテックの本社を訪問した企業の幹部たちは、滞留している完成品の在庫を目撃したと語る（続）",
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      "text": "「先方はさらにA150装置を買わないか、と売り込んでいました。当社の競合他社が一旦購入しかけたけれど、あとになって『やっぱり要らない』と言ったため、余っているようです。当社がA150を追加で買えば、大きく値下げして売ってもらえる、とのことでした。」 — Marvell Technology employee",
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