ChipPAC Expects 4Q03 Revenue to Reach High End of Prior Guidance
Thursday November 13, 8:30 am ET
FREMONT, Calif., Nov. 13 /PRNewswire-FirstCall/ -- ChipPAC, Inc. (Nasdaq: CHPC - News), one of the world's largest and most diversified providers of semiconductor assembly and test services, today announced that it expects revenue, for the fourth quarter ending December 31, 2003, to be at the high end of prior guidance. On October 29, 2003, the Company provided guidance that revenue for the fourth quarter 2003 would grow 10% to 15% over the third quarter 2003. Separately, Richard Freeman will depart from ChipPAC as COO.
Dennis McKenna, Chairman and Chief Executive Officer of ChipPAC, commented, "We have established a strong foundation and will now further improve on our ability to deliver world-class products and services to our customers under our new organizational structure. We remain very optimistic about our outlook based on customer forecasts, along with our technology and geographic leadership." |
