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

To: Artslaw who wrote (496)	1/15/2000 12:30:00 AM
From: tech101	Read Replies (1) \| Respond to of 1056

This is quite typical during the past year for the behavior of AMKR stock price. Compared to other chip stocks -- TSM, CHRT, NSM, SLR, ? -- AMKR has only a small fraction of the market capitalization, but with much lower PE and price/sales ratio. AMKR has the largest market share, the best technology, very good execution. Why is AMKR so cheap? I don't know. I don't think it is the debt or any thing else. I guess it just takes time for Mr. Kim to win Wall Street's trust. Hope we will get there before too long. There should be a very strong support at 28, and hopefully we can reach 35 by the earning announcement.

To: Artslaw who wrote (496)	1/18/2000 1:38:00 PM
From: tech101	Respond to of 1056

Why Is Motorola Down Today after they beat the earning number? Because it is not good enough. Why? Because they could not get enough components. Why? Because Amkor has been too busy to feed the big stomach of Intel, TI, and many other vendors. In the Silicon Valley, every one familiar with the chip industry knows whoever has the capacity will be a big winner. messages.yahoo.com

To: Artslaw who wrote (496)	1/18/2000 1:49:00 PM
From: tech101	Respond to of 1056

Upbeat Forecasts According to today's Wall Street Journal: interactive.wsj.com@2.cgi?.. ... Other associations have also come out with optimistic forecasts. In December, Semiconductor Equipment and Materials International forecast that world-wide sales of semiconductor production equipment will grow 18% in 2000 to $27.7 billion. The group expects a 20% rise in 2001 to $33.4 billion and a 14% increase in 2002 to $38.1 billion. It said the 85 companies providing input to its survey -- from the U.S., Europe and Japan -- account for 80% of the total sales volume of the global semiconductor equipment industry. Underlying the optimism of various forecasts is a pickup in the global semiconductor industry after several years of hardship because of overcapacity, which led to a drop in chip prices. Now, however, supply and demand are in better balance. Semiconductor makers appear more willing to step up capital spending to meet strong demand for chips, including that from makers of telecommunications devices such as mobile phones. Intel Corp. said Thursday that its capital spending for 2000 would be around $5 billion, an increase from $3.4 billion in 1999. Yukihiko Shimada, senior analyst at Credit Lyonnais Securities, said that monthly chip-making equipment order data are volatile, but he believes the industry will continue to recover this fiscal year and next as chip makers around the world expand capacity. In the year ended in March 1999, Japan's global chip-making equipment sales fell 38% to 823 billion yen after peaking in the prior year at 1.320 trillion yen. Write to James Paradise at james.paradise@dowjones.com

To: Artslaw who wrote (496)	1/18/2000 1:58:00 PM
From: tech101	Respond to of 1056

According to Motorola, the chip industry will see the same growth in 2001 as in 2000. And the current capacity shortage is crystal clear. However, if one pays attention to the current capacity expansion he/she would notice that most of the expansion is done by M&A so far. The TSM's recent $5+ billion purchase of World Advanced Semiconductor is a good example. This kind of purchases shift the ownership, but does not increase the capacity at all. And it takes 12-24 months to construct a new fab. The temporary gap between demand and supply will send many chip companies with capacity to the sky in the not too long future.