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

To: tech101 who wrote (310)	7/20/1999 7:27:00 PM
From: tech101	Read Replies (1) \| Respond to of 1056

Xilinx July Quarter Earnings Top Expectations (Note: XLNX is one of the largest customers of Amkor just behind INTC and TXN. Almost every chip company -- TXN, STM, CY, XLNX, ... is reporting or reported earnings that top expectations) dailynews.yahoo.com PALO ALTO, Calif. (Reuters) - Xilinx Inc. (Nasdaq:XLNX - news), a leading maker of chips used in cell phones and data networking equipment, Tuesday reported quarterly results that topped expectations as it rode a rebound in the semiconductor industry. The San Jose, Calif. firm said net income in the quarter ended July 3, 1999 rose to a record $51.6 million, or 31 cents a diluted share, from a loss of $635,000 in the similar period a year ago. Revenue rose 41 percent to $211.4 million from $149.5 million. The results topped analyst forecasts of 28 cents a share, according to First Call Corp., which tracks such figures. The semiconductor industry is steadily coming out of its worst slump ever and chip giants such as Intel Corp. (Nasdaq:INTC - news) are forecasting a strong second half of the year. Companies such as Xilinx and Altera Corp. (Nasdaq:ALTR - news), which make chips used in data networking gear and cell phones are also reaping profits because of stiff demand. Xilinx makes so-called programmable logic devices and field programmable gate-array semiconductors, both of which can be reprogrammed by the customer to perform different functions. Xilinx stock close down $2.56 at $58.56 on the Nasdaq amid a rout in technology shares. The stock has surged from a year-low of $14.88.