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Technology Stocks : Kulicke and Soffa

KLIC 56.28

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To: privatesmith who wrote (2327)	12/12/1997 11:47:00 AM
From: Darin	Read Replies (1) of 5482

To All, Taiwan, Korean IC assemblers tangle TAIPEI, Taiwan -- A bizarre war of words has broken out between the world's two largest IC packaging companies--Taiwan's Advanced Semiconductor Engineering Inc. (ASE) and South Korea's Amkor/Anam. Reports surfaced in Taiwan newspapers that Amkor/Anam, the world's largest IC packaging company, had laid off 20% of its workforce and cut back its future investments. But in a bizzare move, Amkor/Anam's branch in Taiwan denied those rumors by running a series of advertisements in one local paper called the Economic Daily News. In the ads, Amkor/Anam accused ASE--Taiwan's largest IC assembly house--of spreading false rumors. The ad stated: "Richard Chang, president of Taiwan's Advanced Semiconductor Engineering Inc., and the company's high-level personnel, continually spread false rumors in Taiwan newspapers to defame Korea's Amkor/Anam. Advanced Semiconductor has seriously affected Anam's worldwide business reputation.'' It's unclear what further action Amkor/Anam will take. ASE's Chang nor Amkor/Anan's Taiwan branch could not be reached for comment today.

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