That might have been the case had not Kiphart made the recent investment, but the extra cash should be enough to allow Lime to avoid raising significant amounts of money in the open market until they start to show significant increases in earnings from the ramp up of several utility demand management programs.
We see, however, sustained demand from the logic sector as the planned 28 nanometer node strategic build-up to a worldwide capacity of 300, 000 wafer starts per month is expected to be achieved by mid-2013, and as the 22 nanometer logic ramp will start in the second half of next year.