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  "documentTitle": "Lasertec Corporation (6920)",
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      "text": "The offer suggests not only desperation but an attempt to mislead investors by essentially fabricating sales of the “new” A300, which is simply the A150 with a different light source and a new name in an attempt to cover up a defective light source.",
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      "text": "The Marvell executive who recently visited Lasertec’s headquarters in Japan indicated that Lasertec was desperate to offload its ACTIS EUV inventory, offering up to ~75% discounts on the A150.",
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      "text": "Marvell told us that a senior executive visited Lasertec in December, and that Lasertec offered an arrangement where they would actually swap out the A150 that we have with an A300 at a discounted price.",
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      "text": "Marvell also recently visited Lasertec’s headquarters and reported seeing an unusual level of machine inventory... and indicated skepticism of Lasertec’s inventory valuation.",
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      "text": "The details that Marvell provided suggest that Lasertec is desperate to offload bloated EUV inventory: they made a multitude of offers to try to get us to basically purchase more equipment.",
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      "text": "I can tell you right off the bat...they haven't taken any impairments against their balance sheet, so they're probably over-valuing their inventory far greater than it's actually worth...a lot of these companies are sitting on so much inventory.... — Marvell executive",
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