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Politics : Formerly About Applied Materials

AMAT 242.41

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Nov 25 3:59 PM EST

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To: StanX Long who wrote (63370)	5/2/2002 1:44:51 AM
From: StanX Long	Read Replies (1) of 70976

ChipPAC expects to narrow net loss in Q2 as assembly segment improves Semiconductor Business News (05/01/02 18:08 p.m. EST) siliconstrategies.com FREMONT, Calif. -- ChipPAC Inc. today reported a 3.1% sequential increase in revenues to $79.1 million in the first quarter compared to $76.8 million in Q4 of 2001. Revenues were 12% lower than $89.9 million in Q1 of last year. The supplier of chip-packaging and test services posted a net loss of $11.5 million, or $0.15 per share in Q1, but the company said it expects to report an operating profit in the second quarter and a reduction of net losses to a range of $0.07-to-$0.09 per share. "We remain on a steady growth path. We have had two quarters in a row of sequential revenue and operating improvements," said Dennis McKenna, chairman and CEO of ChipPAC. "We expect this trend will further accelerate to a 12-to-15% sequential growth in revenue in the current second quarter. This revenue growth will get us back to a positive operating margin a full quarter ahead of plan," he added.

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