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Technology Stocks : Amkor Technology Inc (AMKR) -- Ignore unavailable to you. Want to Upgrade?

To: tech101 who wrote (262)	7/1/1999 6:32:00 AM
From: Alan Hume	Read Replies (1) \| Respond to of 1056

Hi Youlu, when exactly is the earnings date? Alan

To: tech101 who wrote (262)	7/1/1999 10:34:00 AM
From: tech101	Read Replies (1) \| Respond to of 1056

What Is the Right PE for AMKR? Outsourcing is the trend for semiconductor, computer, network, and electronics industries and related services. In June 29's issue of Wall Street Journal, the article on All-Star Analysts said: ********* … Still, Cisco and 3Com are among the last of the large, stand-alone networking companies. Ascend Communications has been acquired, Bay Networks has been acquired, and many of the smaller niche players eventually will be swallowed, too, Mr. Heritage (the WSJ All-Star Analyst in Telecommunications & Network Equip.) predicts. Early this year, Mr. Heritage began covering so-called contract manufacturing companies, such as SCI Systems, which make electronic products for computers and satellites. "The days of the stand-alone, data-networking analyst are going by the way-side," he says. ********* Currently at the level of 15%, independent chip packaging and testing may take 30-35% of market share by 2003. Because chip manufacturing requires much higher capital investment than electronic assembly, the outsource for semiconductor foundry and P/T should grow even faster than other areas of high tech. When computer, network, telecommunications, Internet, and consumer electronic devices, all become "system-on-a-chip" (SOC), "fabless" is the way to go. The question comes back to what PE should AMKR -- the world's number one independent (oursourcing, contracting, or whatever you call it) chip P/T company -- have on earth? Look at TSM and SLR -- the largest contracting foundry and the largest electronic assembly company in the world. TSM has a PE of 80 (revenue $1.67 billion and capitalization $41 billion) and SLR has a PE of 70 (revenue $7 billion and capitalization $17 billion). With all the bad news gone, where should AMKR be ?