Do they have the cash to convert the other fab to 300mm? Not completely yet. They might be fine for a good portion of next year's planned Capex after the equity-injection which might allow initial production. The rest is to be seen.
Seems like they need to sell another 4+ million chips per quarter to get there As i said earlier, anything below 100Mu annually is not enough as i model it - they need 8Mu more per quarter to get there. I see no way this can be done in two quarters - this takes longer. Hector's target for 30% mss by end of 08 is not out of imagination but looks fairly ambitious.
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