AMKR Look for a possible short play, together with ONIS
Looking for maybe tomorrow JNPR puts for a day trade, we don't want to push it though... (or do we ?)
AMKR our earnings play already popped 18% today.
Amkor sees $300 mln in revs from Toshiba joint venture
TUESDAY, OCTOBER 31, 2000 4:59 PM
- Reuters
NEW YORK, Oct 31 (Reuters) - Amkor Technology Inc. (NASDAQ NM:AMKR), the world's largest contract maker of microelectronics, on Tuesday said that it expects revenues of $300 million over the next 12 months from its joint venture with Japanese electronics firm Toshiba Corp. (:).
In August, the companies said they had agreed to form a chip assembly and testing joint venture in Japan. West Chester, PA-based Amkor said the deal is expected to close about Dec. 1.
The company said on Tuesday that its third-quarter net income excluding special items was $73 million, or 46 cents a share, up from $34 million, or 27 cents a share in the same period last year. Including special items, net income was $45 million, or 28 cents a share, up from $26 million, or 21 cents a share last year.
Revenues rose to $649 million from $502 million in the third quarter of 1999. |
