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


To: tech101 who wrote (448)11/30/1999 3:34:00 AM
From: Artslaw  Read Replies (1) | Respond to of 1056
 
I was just being colorful--I understand the rational behind the downgrade. AMKR traded down almost another full point afterhours as well (on Island), pretty much erasing today's increase. Overall, I think the deal makes sense for all the reasons they stated (and you've mentioned previously). Why lease the entire output of a company when you expect to need the capacity for a long time (we hope) and can cut out the middle man? We shall see how the institutional world responds in the next few days.

Here's the Korean-angled press release, quite possibly the most informative: biz.yahoo.com

Steve