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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: SMALL FRY who wrote (59699)	9/6/1999 5:38:00 PM
From: kendall harmon	Respond to of 120523

DOX-ITDS merger biz.yahoo.com

To: SMALL FRY who wrote (59699)	9/6/1999 6:39:00 PM
From: kendall harmon	Respond to of 120523

AMKR--comments from wallstreetcity <<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

To: SMALL FRY who wrote (59699)	9/6/1999 7:35:00 PM
From: kendall harmon	Read Replies (1) \| Respond to of 120523

AMKR comments from SSB, excerpts (From Friday 9/3/99): <<* Amkor is seeing orders run well ahead of plan and grow faster than at any time in the company's history, including during the last semiconductor boom from 1993-95. This gives us increasing confidence the company can accelerate revenue and earnings growth well into next year. * We are raising our 1999 EPS forecast from $0.63 to $0.65 and 2000 from $0.85 to $0.95. Most analysts do not now publish "cash earnings", which incorporate goodwill from the June acquisition of Anam's K4 fab. Assuming goodwill per share of $0.16 per year ($28M pre-tax), we are raising our 1999 "cash EPS" estimate from $0.65 to $0.75 and 2000 from $0.95 to $1.10. * Given the continuing strong outlook for the company's prospects, we are raising our rating on AMKR from 2S to 1H (Buy, High Risk) and raising our price target from $18 to $25, 22-times our calendar 2000 cash estimate.... Industry capacity appears to be tightening. The company is now running at an average utilization rate of about 80-85%, with the low end (QFPs) running at 70%, and the high end (BGAs) running at 95%. This brings the company greater pricing power. Though Amkor is not raising prices, it has stopped cutting prices at the low end. By the December quarter, management expects that price declines will average about 1-2% per quarter, compared to a 4% decline in the June quarter. Meanwhile, units, which grew about 25% last quarter, are continuing to accelerate, which should set up for higher revenue growth in the second half of this year and into next. A further additive to earnings, which the company has not yet talked much about, is Amkor's recent entry into the micro-board business. Amkor has begun to help design and assemble tiny chip-level boards for building system-in-a-package solutions for makers of cellular phones, game players, and other systems requiring smaller form factors, lower power and lower cost. Margins on this business, which could reach $50-100 million next year, should be as high as 40%, potentially adding another $0.05 in EPS.>>