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

To: Alan Hume who wrote (304)	7/15/1999 2:20:00 PM
From: tech101	Read Replies (1) \| Respond to of 1056

As the number one independent chip packaging and testing company in the world, AMKR is getting the attention and just STARTing to be adjusted to its appropriate value. To decide the right value of AMKR, another company we should compare is TSM in Taiwan -- the largest independent wafer foundry for outsourcing with similar size to Amkor but a PE 78 that's way above AMKR's PE 18. In the meantime, TSM's market capitalization is close to $40 billion vs Amkor's mere $1.5 b with similar revenue and even less earning (42 cents of TSM). Besides good earning reports contributed from K4 ramp-up, tax holiday for the K4 purchase, chip industry recovery, and the strong outsourcing trend, other factors including: 1. Possible investment or partnership from a major chip company down the road when capacity get tight. 2. Another round of new or updating ratings by major Wall Street analysts after they accumulated enough shares at 12-16. Note that NSM has 14 analysts follow the stock and -- SLR 22. But AMKR has only 7 at this time. 3. AMKR'e Debt/Equity is at 0.43 higher than TSM's 0.31 but lower than SLR's (the largest independent electronics assembler/tester) 0.57. However, when AMKR's stock price get closer to its real value, its easy for AMKR to issue new stocks to reduce the debt level and the associated cost. The Convertible stocks will also convert and reduce the debt level, too. 4. Y2K is coming and many of Amkor's customers are ordering extra chips to prepare for the tight supply. And after the Y2K, millions even billions of semiconductor chips in old consumer electronics, network/communications systems, and embedded systems need to be replaced that will create huge demand for capacity. All of these will push AMKR price to a new height.

To: Alan Hume who wrote (304)	7/15/1999 2:44:00 PM
From: tech101	Read Replies (1) \| Respond to of 1056

Rambus shows 16% rise in revenues for quarter A service of Semiconductor Business News, CMP Media Inc. Story posted 2 p.m. EST/11 a.m., PST, 7/15/99 MOUNTAIN VIEW, Calif.--Rambus Inc. reported that net income in the quarter ended June 30 jumped 18% to $2 million vs. $1.8 million a year ago but was flat compared to the previous quarter. Total contract revenues and royalties amounted to $10.6 million, up 7% from the $9.9 million in the previous quarter and up 16% from $9.2 million a year ago. Revenues for the first nine months of fiscal 1999 ended June 30 were $31.1 million, an increase of 10% over the same period in fiscal 1998. Third quarter total included about $500,000 of deferred revenue recognized on a contract terminated by Rambus due to the nonperformance of a licensee. Operating income for the third quarter rose to $2.1 million, up 17% from the $1.8 million reported in the same period last year and up 31% from the $1.6 million in the previous quarter. For the nine-month period, operating income was flat from the previous year, hitting $6.1 million vs. $6.2 million last year. By the end of the quarter, the company said that six of its Rambus DRAM licensees had validated 12 different RDRAMs, all but one for operation at the full 800MHz specification. A total of seven memory module suppliers also had validated 28 different RIMM configurations. Rambus offers high-speed chip-to-chip interface technology to enhance the performance and cost-effectiveness of consumer electronics, computer systems, and other electronic systems. It licenses chip companies to produce and sell memory and logic ICs incorporating this interface technology. 204.247.196.31