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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 (36)12/15/2003 3:39:46 PM
From: tech101  Read Replies (1) of 58
 
SoundView Rating on ASX:

ASX: reit` outperform - ASE Inc. reported better-than-expected monthly sales for November, in our opinion, driven for the most part by the continued strength in the wireless handset. Based on the reported monthly sales for October and November, followed by a drop off in December, we expect ASE Inc to grow revenues by 20%+ sequentially in 4Q03, vs. the Company`s guidance and our estimate of 15%. We reiterate our Outperform rating on the stock as we believe ASE Inc. is well positioned to become industry`s largest player as we exit 2003.

finance.lycos.com
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