ASX - Chip Packaging and Testing Message Board

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Technology Stocks : ASX - Chip Packaging and Testing

ASX 17.64

+1.8%

Jan 9 9:30 AM EST

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To: tech101 who wrote (33)	11/3/2003 3:24:02 PM
From: tech101	Read Replies (1) of 58

Target Priced Increased by SoundView for both chip assembly and testing companies: SPIL: reit` outperform - TGT$7.50; The company views the current healthy order environment as very sustainable. Indeed, the company`s primary concern at this juncture appears to be capacity constraints. Additionally, increased capital expenditure of at least 100% in 4Q03 and approximately 50% in 2004 should bode well for the company`s equipment vendors, particularly KLIC, A, NPTest and TER. We reiterate our Outperform rating and increase our price target to $7.50 from $6. ASX: reit` outperform - TGT$7; We are pleased with 3Q results and commentary on an acceleration in unit demand over the past four weeks. Consistent with others in the TAP space, ASE indicated that 1Q04 is shaping up to be better than seasonal. Also, the company is suggesting that capital expenditure in 2004 could be up by 40%--50% year over year. We are increasing our operating profit estimates, though EPS is impacted by taxes and share count. Our price target has increased to $7 from $5 based on 2005 estimates. finance.lycos.com

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