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To: tech101 who wrote (342)	8/18/1999 5:09:00 PM
From: tech101	Read Replies (1) \| Respond to of 1056

Official Amkor IR Response to MSSG 7889 post.messages.yahoo.com by: amkor_investor_relations 7945 of 7956 This message is from Amkor Investor Relations. While we do not normally post responses to message board postings, we are making an exception in this case. Message number 7889 is a fabrication. Amkor's relationship with Intel has not changed. Our backlog of BGA business with Intel is higher than ever. Please direct questions regarding this statement and other investor relations issues to Jeff Luth, VP Investor Relations (jluth@amkor.com)

To: tech101 who wrote (342)	8/18/1999 5:18:00 PM
From: tech101	Respond to of 1056

BancBoston analyst downgrades Applied's stock, sees slow pace ahead A service of Semiconductor Business News, CMP Media Inc. Story posted 4:30 p.m. EST/1:30 p.m., PST, 8/18/99 SAN FRANCISCO -- As good as the numbers were for Applied Materials Inc. when it released its quarterly earnings Tuesday, they weren't good enough for at least one analyst, who downgraded the capital equipment maker's stock from a Strong Buy to a Buy recommendation. Susan H. Billat, senior semiconductor equipment analyst and a managing director of BancBoston Robertson Stephens in San Francisco, noted that Applied's orders of $1.46 billion in the third quarter were up only 5% over the previous quarter and "came in at the low end of our expected range." "We expect orders to grow at approximately the same pace over the next two quarters, as chip makers digest the latest round of equipment purchases," Billat said. Applied Materials, headquartered in Santa Clara, Calif., finished the quarter with $1.43 billion in net sales and net income of $244 million -- both records and substantial increases over the same period a year ago (see Aug. 17 story). But that period reflected the worst of the semiconductor industry downturn, and Applied has been bouncing back ahead of many other semiconductor equipment companies in year-over-over comparions. In the second quarter, for instance, Applied's orders hit a record $1.39 billion, which was a 35% increase over the previous quarter, as well as over the second quarter of 1998. So Applied Materials' growth in the third quarter slowed down from the torrid pace of the previous quarters as the industry began consolidating some of its capacity gains. "This moderation in growth is consistent with the onset of the mid-stage of what we believe to be a long up-cycle, and we expect order rates to tick up in early 2000," said Billat. "In our view, semiconductor end-markets remain strong." She noted that Applied's third-quarter earnings-per-share of 61 cents exceeded analysts' expectations of 53 cents and BancBoston's estimate of 55 cents. "We are raising our fiscal 1999 and fiscal 2000 earnings-per-share estimates from $1.66 to $1.73 and from $2.70 to $2.80, respectively, to reflect mainly improved operating efficiencies and stronger financial income," said Billat.