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

To: tech101 who wrote (359)	9/6/1999 6:41:00 PM
From: kendall harmon	Read Replies (1) \| Respond to of 1056

AMKR--comments from Wall Street City <<Amkor sizzles in semi sector Amkor Technology is playing to win in the semiconductor industry. It's betting a new technology will become an indispensable component of portable devices -- and so should you. IDEAglobal.com thinks Amkor [AMKR] will find success in a recovering industry. The stock should rise to $22 in the next week from $20 at Friday's close. Within one to two months, we see it reaching $30. Amkor Technology packages and tests semiconductor equipment produced by other semiconductor companies. Contracting companies like Amkor for assembly is increasingly popular in the semiconductor industry. It saves larger companies the expense of developing their own resources for these extremely complex tasks. Amkor has begun manufacturing its own new technologies that could impact everything from telephones to video game systems. Micro-boards, which are small frames that hold computer chips, can be used in portable technologies such as mobile phones. They have the potential to help decrease the size and power needs of these devices. 'It's a new field,' Salomon Smith Barney analyst Jonathan Joseph told IDEAglobal.com. 'No one else is really working in it, so Amkor's the industry leader in micro-boards. And the high profit margins for the boards are attractive.' The stock climbed 10% Friday after Joseph released a report on it. On the strength of the micro-board technology and more orders received for the third quarter of 1999 than expected, the analyst raised his estimated earnings per share for 1999 to 65 cents from 63 cents. The semiconductor industry is always volatile but does seems to have turned for the better. A report on Friday showed the average price of high-capacity computer chips rising 17 cents over the past month. It's a sure sign demand is up. One year ago, things didn't look so good. Demand from Asia was low and the dollar was strong. Amkor's stock was at $3.69 on September 3 1998. The resurgence of the Asian economies and the weaker dollar is helping the industry. US semiconductor goods have become cheaper abroad as the greenback has fallen against other currencies. New technologies are also poised to boost the industry. A move to copper as the standard for connections in computer chips is creating the need for new processing technologies provided by semiconductor companies. And the development of 300mm wafers that hold more computer chips than current wafers should force computer companies to buy more new products from the semiconductor industry.>> Source: wallstreetcity.com