Amkor Technology Inc (AMKR) Message Board

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Technology Stocks : Amkor Technology Inc (AMKR)

AMKR 31.54

+2.8%

11:39 AM EST

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To: Alan Newman who wrote (467)	12/22/1999 2:25:00 PM
From: tech101	Read Replies (1) of 1056

More good news... by: TG2898 12/21/99 8:07 pm Msg: 10640 of 10652 Below is an excerpt from Prudential Securites' Equity Research report on the Semiconductor Capital Equipment Industry dated December 21, 1999: INVESTMENT HIGHLIGHTS: "While a return to cyclical growth will be broad-based and benefit our entire universe, we feel AMAT, AMKR, and ATMI represent the best place to put your money in 2000." OUR TOP PICKS FOR 2000 Amkor Technology (AMKR) - Strong Buy - 12mo. Price Target $35 "AMKR, purest play on IC unit growth and the growing outsourcing model. AMKR is the leader in contract IC packaging, nearly 3x larger than the nearest competitor. We expect sequential IC unit growth quarter to quarter in 2000. AMKR?s increasing leverage from rising unit growth is having positive impact on the earnings model. Utilization rates and outward visibility are at historic highs. Advanced packaging lines at AMKR are at near full capacity, and the company expects to add capacity to meet ever growing demand in 2000 and beyond. Our gross margin expectations of 19.7% over calendar 2000 are conservative, a 100 basis point improvement in gross margins bring 15-20 cents to the bottom line on a yearly basis. We expect that a gross margin of 20-22% is achievable through this cycle. There is a possibility of significant upside in this stock and we recently raised our price target to $35 from $25. We believe that AMKR is well positioned to grow revenues, margins and EPS through it leadership in the market and its increasing leverage. Figure 2 shows the expected sequential growth of AMKR 1998-2001E."

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