BNET Industries

Market Cap:$63.2M
Last Fiscal Year Sales:$74.0M
  • Public
  • US
Dow Jones Description

We analyze our customers integrated circuit, or IC design and manufacturing processes to identify, quantify, and correct the issues that cause yield loss to improve our customers profitability by improving time-to-market, increasing yield and reducing total design and manufacturing costs. We package our solutions in various ways to meet our customers specific business and budgetary needs, each of which provides us various revenue streams. We receive a mix of fixed fees and variable, performance-based fees for the vast majority of our Integrated Yield Ramp offerings. The fixed fees are typically reflective of the length of time and the resources needed to characterize a customers manufacturing process and receive preliminary results of proposed yield improvement suggestions. The variable fee, or what we call gainshare performance incentives, usually depends on our achieving certain yield targets by a deadline. Variable fees are currently typically tied to wafer volume on the node size of the manufacturing facility where we performed the yield improvement. We receive license fees and service fees for related installation, integration, training, and maintenance and support services for our software that we license on a stand-alone basis.

Chief Executive Officer, President and DirectorJohn K. Kibarian
Number of Employees 375
Contact Information

333 W San Carlos St # 700

San Jose, California 95110

www.pdf.com

(408) 280-7900

NAICS Code Custom Computer Programming Services: 541511

Recent Events

  • GRNB, HDIX, PVSA, PDFS, HBNC, RCKY Expected To Be Lower Leading Up To Next Earnings...

    6/25/09 - Joint Venture / Alliance - View Story

  • PDF Solutions PDFS Reports Q1 Adj-Loss of $0.20, Misses by 3c

    4/28/09 - Financial Announcement - View Story

  • PDF Solutionsr Announces First Fiscal Quarter 2009 Financial Results Release Date

    4/10/09 - Financial Announcement - View Story

  • 'Logic bricks' proposed as simpler IC design elements

    4/08/09 - Joint Venture / Alliance - View Story

  • SAN JOSE, CA -- MARKET WIRE -- Feb 26, 2009 -- IBM (NYSE: IBM) and...

    2/28/09 - Joint Venture / Alliance - View Story

  • PDF warns on fourth quarter estimates

    1/14/09 - Financial Announcement - View Story

News & Analysis

pdf solutions inc. - All News and Analysis

Additional Resources

Decision Makers

Name (plus bio) Position
John K. Kibarian Chief Executive Officer, President and Director
Andrzej Strojwas Chief Technologist
David A. Joseph Chief Strategy Officer
Joy E Leo Chief Administration Officer
Keith A. Jones Chief Financial Officer, Vice President, Finance & Administration
P. Steven Melman Chief Financial Officer
Andre Hawit Vice President and General Manager, Yield Management Solutions
Becky Baybrook Vice President, Human Resources
Bruce J. Hansen Vice President, Products & Methods
Cees Hartgring Vice President, Client Services and Sales
Cornelis Hartgring Vice President&Gm Manu.Process Solutions
James D Jensen Vice President, Business Dev
Jim T. Jensen Vice President, Business Development
Kevin MacLean Vice President, Marketing & Dev
Kimon Michaels Vice President, General Manager, Design for Manufacturability and Director
Rebecca Baybrook Vice President, Human Resources
Richard Butts Vice President of Human Resources
Richard Mousties Vice President and General Manager, Process Control Solutions
Robecca Baybrook Vice President & HR
Steve Morstad Vice President, Business Operations
Zia Malik Vice President, Sales
Donald L. Lucas Founding Partner
Robert H Smith Director, Cirrus Logic, Epicor Software, Plx Techn
Taz Tally Consultant
Tom Caulfield Semiconductor Industry Executive
Peter Cohn Secretary

Board of Directors

Name (plus bio) Position
Lucio L. Lanza Chairman of the Board and Chairman of the Nominating and Corporate Governance Committee
R. Stephen Heinrichs Chair
Albert Y. C. Yu Board of Directors
B. J. Cassin Board of Directors
Duane S Boning Board of Directors
Marco Iansiti Board of Directors
Stephen R. Heinrichs Board of Directors

Kibarian has served as president of PDF Solutions since founding the company in 1991. He was appointed CEO in 2000. Before launching the company, Dr. Kibarian was a researcher at Carnegie Mellon University's SEMATECH Center for Rapid Yield Learning. While there, he developed algorithms for diagnosing process variations based on electrical test data, and for yield maximization based on circuit optimization and statistical process and device simulation. He holds a B.S. and an M.S. in Electrical Engineering and a Ph.D. in Computer Engineering, all from Carnegie Mellon University.

Organization Position Status
PDF Solutions Inc. Chief Executive Officer, President and Director Current
PDF Solutions Inc. Chief Executive Officer, President, Co-Founder Current
PDF Solutions Inc. Board of Directors Current
Capital Inc. Controller Former
Carnegie Mellon University Ph.D. In Computer Engineering Former
Carnegie Mellon University M.S. In Electrical Engineering Former
Carnegie Mellon University B.S. Former

Strojwas has served as a technical advisor to PDF since the company's founding, and was named its chief technologist in 1997. A Keithley Professor of Electrical and Computer Engineering at Carnegie Mellon University, Dr. Strojwas has held senior technical positions at Harris Semiconductor Co., AT&T Bell Labs, Texas Instruments, NEC, Hitachi, SEMATECH, and KLA-Tencor. In addition, Strojwas has consulted for semiconductor companies, equipment vendors, and electronic design automation companies in the area of statistically based CAD/CIM of VLSI circuits. He holds an M.S. in Electronic Engineering from Warsaw Technical University and a Ph.D. in Electrical Engineering from Carnegie Mellon University.

Organization Position Status
PDF Solutions Inc. Chief Technologist Current
Extreme Da Professor Current
Extreme Da Board of Directors Current
Carnegie Mellon University Ph.D. In Electrical Engineering Former
Carnegie Mellon University M.S. In Electronic Engineering Former

Joseph was appointed chief strategy officer in 2003. Since joining PDF in 1999, he has served as executive vice president of sales, marketing, and business development; vice-president of product and methods; and vice-president of business development. Before joining PDF, he was vice president of strategic alliances at KLA-Tencor, where he had previously held management positions in engineering and marketing; was the Japan business manager; and was the general manager of the yield analysis business unit. Joseph holds a B.S. in Mathematical Sciences from Stanford University.

Organization Position Status
PDF Solutions Inc. Chief Strategy Officer Current
PDF Solutions Inc. Executive Vice President, Sales, Marketing, Business Development Former
KLA-Tencor Corporation vice president of strategic alliances Former
Stanford University B.S. In Mathematical Science Former

Leo has more than twenty-five years of financial and corporate management experience with leading electronics companies. Prior to joining PDF Solutions, Leo was senior vice president, chief financial officer and secretary for Credence Systems Corporations. Leo served as vice president of finance and administration, chief financial officer and secretary for Artisan Components, Inc., now known as ARM Holdings PLC. During her tenure at Artisan, she successfully guided the company to year-over-year net income growth and significantly improved operational efficiency. Leo also served as vice president of finance and administration and chief financial officer for IMP, Inc.; vice president of finance, operations and administration at Innomedia Incorporated; and vice president and chief financial officer for Philips Components, a multi-billion dollar division of Royal Philips Electronics N.V. Leo holds a bachelor's degree in business administration and finance from the University of Utah.

Organization Position Status
PDF Solutions Inc. Chief Administration Officer Current
Artisan Components, Inc. Chief Financial Officer Former
Artisan Components, Inc. Vice President of Finance and Administration Former
Artisan Components, Inc. Secretary Former
University of Utah B.A. In Business Administration and Finance Former

Jones was named vice-president and Chief Financial Officer of PDF Solutions in 2006. He served as the company's director of Finance and SEC Compliance since joining the company in 2003. Before that, Mr. Jones was the assistant controller for Interwoven, Inc., controller for eTime Capital, Inc., and was an audit manager for Deloitte & Touche LLP. Mr. Jones received a B.S. in Business Administration from California State University, Fresno and is a Certified Public Accountant.

Organization Position Status
PDF Solutions Inc. Chief Financial Officer, Vice President, Finance & Administration Current
Deloitte Touche Tohmatsu audit manager Former
California State University B.S. In Business Administration Former
California State University Degree Former
Organization Position Status
PDF Solutions Inc. Chief Financial Officer Current
PDF Solutions Inc. Vice President, Investor Relations & Strategic Initiatives Current
PDF Solutions Inc. Board of Directors Current
Business Resource Group Chief Financial Officer Former
Business Resource Group Vice President, Finance Former
Schlumberger Limited Former
Apple Inc. Former
Boston University B.S. In Business Administration Former

Andre Hawit has served as Vice President, Volume Manufacturing Solutions since July 2008. Mr. Hawit served as Vice President, Yield Manufacturing Systems from January 2006 through June 2008, and as Vice President, Software Development from September 2003 through December 2005. Prior to joining PDF, Mr. Hawit was the founder of IDS Software Systems Inc. ("IDS"), a yield management systems software and solutions company. He also held various positions within IDS including President and Chief Executive Officer, and most recently Chief Technology Officer. Mr. Hawit received a B.S. in Electronics and Computer Engineering from San Francisco State University and an M.B.A. from National University School of Business.

Organization Position Status
PDF Solutions Inc. Vice President and General Manager, Yield Management Solutions Current
Ddrnet, Inc Chairman of the Board Current
Integrated Digital Systems CTO Former
National University M.B.A. Former
San Francisco State University B.S. In Electronics and Computer Engineering Former
Organization Position Status
PDF Solutions Inc. Vice President, Human Resources Current
Com Corporation Hr Director Former
University of South Florida Ph.D. In Industrial Former
Westmont College B.A. In Psychology Former
Organization Position Status
PDF Solutions Inc. Vice President, Products & Methods Current

Hartgring joined PDF in 2002 as vice president of business development and sales. Before that, he served as CEO of TriMedia Technologies, a fabless semiconductor IP company spun out from Philips Semiconductors. Previously, he was a vice president at Philips, andbefore that, he formed and led the silicon division of Silicon & Software Systems. Hartgring has a Ph.D. in Electrical Engineering and Computer Science from the University of California, Berkeley. He holds 11 patents in VLSI design and semiconductor devices.

Organization Position Status
PDF Solutions Inc. Vice President, Client Services and Sales Current
TriMedia Technologies, Inc. CEO Former
TriMedia Technologies, Inc. President Former
Philip's &Co Vice President Former
University of California, Berkeley Ph.D. In Electrical Engineering and Computer Science Former
Organization Position Status
PDF Solutions Inc. Vice President&Gm Manu.Process Solutions Current
Organization Position Status
PDF Solutions Inc. Vice President, Business Dev Current
Manufacturing Process Solutions, Inc. Vice President, Engineering Services Former
Siliconsystems, Inc. Operations Director Former
Purdue University M.S. In Management Former
University of Utah B.S. In Physics Former
Organization Position Status
Savage Industries Inc. Executive Vice President, Corporate Secretary, General Counsel Current
PDF Solutions Inc. Vice President, Business Development Current
Savage.Com General Counsel Current
Zions Bank Board of Directors Current
PDF Solutions Inc. President, Engineering Services Former
Manufacturing Process Solutions, Inc. Vice President, Engineering Services Former
Texas Instruments Incorporated general manager Former
Jensen Law Offices Partner Former
Siliconsystems, Inc. Operations Director Former
University of Utah Doctorate degree Former
Purdue University M.S. In Management Former
University of Utah B.S. In Physics Former
Organization Position Status
PDF Solutions Inc. Vice President, Marketing & Dev Current
Cadence Design Systems, Inc. general manager of DFM Former

A founder of PDF, Michaels has served as vice-president, integration practice, and as CFO. He has been a company director since 1995. Michaels has a B.S. in Electrical Engineering and an M.S. and Ph.D. in Electronics and Computer Engineering, all from Carnegie Mellon University.

Organization Position Status
PDF Solutions Inc. Vice President, General Manager, Design for Manufacturability and Director Current
PDF Solutions Inc. Director Current
PDF Solutions Inc. President Former
Manufacturing Process Solutions, Inc. Vice President, Field Operations Former
Carnegie Mellon University Ph.D. in Electronics and Computer Engineering Former

Rebecca Baybrook, Ph.D. , has served as Vice President, Human Resources since May 2002. Prior to joining PDF, from September 2001 to April 2002, Ms. Baybrook served as Sr. Director, Human Resources for Vitria Technologies, an integrated software company. From October 1999 to July 2001 she served as Director, Human Resources for 3Com, a telecommunications company. From January 1986 to September 1999, Ms. Baybrook served as Assistant Vice President of Human Resources for Knight Ridder, Inc., a publishing company. Ms. Baybrook received a B.A. degree from Westmont College and a Ph.D. in Organizational Psychology from University of South Florida.

Organization Position Status
PDF Solutions Inc. Vice President, Human Resources Current
Knight-Ridder, Inc. Assistant Vice President of Human Resources Former
University of South Florida Ph.D. In Organizational Psychology Former
Westmont College B.A. Degree Former
Organization Position Status
PDF Solutions Inc. Vice President of Human Resources Current

Mousties became General Manager for the Process Control Solutions division in October 2006, when PDF Solutions acquired Si Automation. He co-founded Si Automation with Thierry Raymond in 1987. He was CEO of the company, which was providing supervision solutions for wet and diffusion processes. In 1999, on the strength of the experience acquired and R&D results, Richard Mousties successfully positioned the company in Data Collection for Advance Process Control. In 5 years Si Automation became a leading supplier of sophisticated software solutions for Fault Detection & Classification for the semiconductor industry. Before that, Richard Mousties started his career as Instrumentation Engineer at Semy Engineering in Montpellier, France.

Organization Position Status
PDF Solutions Inc. Vice President and General Manager, Process Control Solutions Current
Organization Position Status
PDF Solutions Inc. Vice President & HR Current

Morstad has served as vice president of business operations since 2001, after joining PDF on its IPO team in 2000. Before that, he was a principal for nine years in the business consultancy of Montgomery Morstad Inc., serving its clients TSMC, KLA-Tencor, Texas Instruments, and SEMATECH. Before that, Morstad served in government and law, including at the firm of Foley & Lardner. He earned his B.A. and J.D. from Marquette University.

Organization Position Status
PDF Solutions Inc. Vice President, Business Operations Current
KLA-Tencor Corporation Former
Sematech Former
Marquette University J.D. Former
Marquette University B.A. Former
Organization Position Status
PDF Solutions Inc. Vice President, Sales Current
National Semiconductor Corporation senior director Former
University of Phoenix MBA Former
University of Karachi M.S. In Chemistry Former
University of Phoenix B.S. Former
University of Karachi B.S. Former
Organization Position Status
PDF Solutions Inc. Founding Partner Current
Turin Networks Inc. Current
DexCom, Inc. Chairman Current
Theranos, Inc Chairman of the Board Current
Completexrm, Inc. Chairman of the Board Current
51job, Inc. Chairman Current
PDF Solutions Inc. Board Member Current
Stanford Institute for Economic Policy Research Board Member Current
Spansion Inc. Board of Directors Current
Macromedia, Inc. Board Member Current
51job, Inc. Board of Directors Current
Transcend Services, Inc. Director Current
Cadence Design Systems, Inc. Board of Directors Current
Santa Clara University Board of Directors Current
Oracle Corporation Board of Directors Current
Dpss Lasers Inc Board of Directors Current
Silicon Valley Chapter Director Current
Preview Systems, Inc. Director Current
Vimicro International Corporation Board of Directors Current
University of Santa Clara Board of Directors Current
National Semiconductor Corporation Founder Former
RWI Ventures Founder Former
Smith Barney Corporate Finance Department Former
Cadence Design Systems, Inc. Chairman Former
Stanford Graduate School of Business MBA Former
Stanford University B.A. Degree Former
Organization Position Status
PDF Solutions Inc. Director, Cirrus Logic, Epicor Software, Plx Techn Current
Organization Position Status
PDF Solutions Inc. Consultant Current
Photoshop Seminars Current

Dr. Caulfield joined Novellus in October of 2005. He is responsible for marketing and selling Novellus' products and services throughout the company's global sales and service regions. Prior to joining Novellus, Dr. Caulfield spent 16 years at IBM. In his most recent assignment as vice president of 300 MM Semiconductor Operations, Dr. Caulfield was responsible for the financial management and operation of IBM's premier semiconductor facility located in East Fishkill, New York. Prior to joining IBM he worked at Philips Laboratory as a senior member of the research staff. He began his career working at Columbia University. Dr. Caulfield earned two undergraduate degrees—one in materials science/metallurgy from Columbia University and another in physics from St. Lawrence University. He received both his master's and doctorate degrees in materials science/metallurgy from Columbia University. Dr. Caulfield serves on the board of directors of PDF Solutions, Inc.

Organization Position Status
Novellus Systems, Inc. Executive Vice President, Worldwide Sales & Marketing & Customer Service Current
PDF Solutions Inc. Semiconductor Industry Executive Current
PDF Solutions Inc. Board of Directors Current
Columbia University Ph.D In Materials Science, Metallurgy Former
Columbia University M.S. Former
Columbia University B.S. Former
St. Lawrence University B.S. In Physics Former
Organization Position Status
Fabbrix, Inc. Chairman of the Board and CEO of Fabbrix and Managing Director Current
Designcon Managing Director, Lanza Technology Ventures Current
Gradient Design Automation Inc Managing Director, Lanza Techventures Current
Pentech Ventures Invests In Sonaptic, Ltd. Current
Optin Ventures Current
PDF Solutions Inc. Chairman of the Board and Chairman of the Nominating and Corporate Governance Committee Current
Numerate, Inc. Board of Directors Current
ARM Holdings plc Board of Directors Current
Pharmix Corporation Board of Directors Current
Forte Design Systems Board of Directors Current
PDF Solutions Inc. Board of Directors Former
Extreme Da Board of Directors Current
Gradient Design Automation Inc Board of Directors Current
Cadence Design Systems, Inc. chief strategist Former
Cadence Design Systems, Inc. Senior Vice President Former
Daisy Systems group vice president Former
U.S. Venture Partners (USVP) Venture Partner Former
U.S. Venture Partners General Partner Former
Cadence Design Systems, Inc. independent consultant Former
Daisy Systems Marketing Executive Former
Carnegie Mellon University visiting professor Former
Intel Corporation Former
Digital Equipment Corporation Former
Artisan Components, Inc. Board of Directors Former

A director since August 2005. Mr. Heinrichs, who has been appointed Chairman of the Audit Committee, currently is a private investor and serves on a number of public and private company boards. He brings over 30 years experience in finance and operations through positions held in public accounting and, most recently, before his retirement in 2001, as Chief Financial Officer of Avistar Communications Corporation, a publicly-held video communications company he co-founded and for which he presently serves as a director. From January 2003, until the company was acquired in 2005, Mr. Heinrichs was a member of the board of directors of Artisan Components and was its audit committee chairman. Mr. Heinrichs received a B.S. in Accounting from California State University Fresno and is a Certified Public Accountant.

Organization Position Status
PDF Solutions Inc. Chair Current
PDF Solutions Inc. Board of Directors Current
Artisan Components, Inc. Board of Directors Former
California State University, Fresno B.S. In Accounting Former
Organization Position Status
Idealflow Angel Fund, LLC Charter Member Current
Cooligy, Inc. Corporate Advisor Current
Octavian Scientific Inc. Board of Directors Current
Venture Capital, LLC Board of Directors Current
Impinj, Inc. Board of Directors Current
Semiconductor Manufacturing International Corporation Director Current
Cradle Technologies, Inc. Board of Directors Current
Walden Vc Board of Directors Current
Cabot Microelectronics Corporation Board of Directors Current
Aeluros, Inc. Board of Directors Current
Preferred Bank Board of Directors Current
Paravirtual Corp Board of Directors Current
PDF Solutions Inc. Board of Directors Current
Oak Technology Board of Directors Current
Acorn Campus Board of Directors Current
Tallwood Venture Capital Board Advisor Current
Diamondhead Ventures Advisory Board Member Current
Intela Senior Vice President Former
The Architecture Group Senior Vice President Former
Intel Corporation Senior Vice President Former
Intela General Manager Former
Intel Corporation General Manager Former
The Architecture Group General Manager Former
Stanford University Doctorate Degrees Former
Stanford University Master's Former
California Institute of Technology B.S. Former
Organization Position Status
PDF Solutions Inc. Board of Directors Current
Cerus Corporation Chairman Former
College of the Holy Cross BA in Economics Former
Organization Position Status
PDF Solutions Inc. Board of Directors Current
Organization Position Status
PDF Solutions Inc. Board of Directors Current
Organization Position Status
PDF Solutions Inc. Secretary Current
Organization Position Status
PDF Solutions Inc. Board of Directors Current

Executive News

  • SVTC Technologies & PDF Solutions Collaborate to Expand Customer Capabilities

    Reuters - 6/10/09 - View Story

  • SVTC Technologies & PDF Solutions Collaborate to Expand Customer

    Market Wire via MSN Money - 6/10/09 - View Story

  • PDF Solutions(r) Notified of NASDAQ Compliance

    MSN Money - 6/08/09 - View Story

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     PDFS $2.45 -0.05 (-2.00% )
Average Volume 34,465
Shares Outstanding 26.26M
Market Cap 64.3M
Year High 6.89
Year Low 0.97
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
Glass Door

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