ChipPAC (CHPC) Message Board

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Technology Stocks : ChipPAC (CHPC)

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To: Z Analyzer who wrote (3)	11/1/2000 11:28:37 PM
From: Sun Tzu	Read Replies (1) of 15

I am not sure any kind of meaningful past comparison can be made. ChipPAC was a division of Hyundai Semiconductor and you know how messy the Korean conglomerates were (are?). The increase in revenue is due to purchase of a Malaysian plant and (I think) a Chinese one. So again, past comparison is not easy. The lack of past history is somewhat compensated by a document that you only get in an IPO; the S1 filing does a good job of describing the business and its risks. S1 has much more stringent requirements than 10K. The company is the result of an LBO, so the balance sheet as you pointed out is not as strong as I would like. As with all IPOs, there is also the matter of unlock shares that should come on in a few months. On the plus side Intel's ownership in CHPC and their relationship with other major chip makers should bode well with them. regards, ST

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