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

To: Jim Oravetz who wrote (656)	5/5/2000 1:02:00 PM
From: tech101	Respond to of 1056

Amkor Falls as 1st-Qtr Profit Misses Some Forecasts (Update1) By Cesca Antonelli West Chester, Pennsylvania, May 5 (Bloomberg) -- Amkor Technology Inc. shares fell as much as 14 percent after the provider of semiconductor packaging and test services said first- quarter profit missed the highest forecasts. The stock fell 7 7/16 to 53 1/8 in early afternoon trading of 2.79 million shares. Earlier, it touched 52. Amkor, based in West Chester, Pennsylvania, said after the market closed yesterday that net income almost doubled to $37.2 million, or 27 cents a share, from $18.9 million, or 16 cents, in the year-earlier period. That's in line with the average 26-cent estimate of analysts polled by First Call/Thomson Financial, though it missed forecasts of 28 cents posted on the Internet. ``The whisper numbers got a little out of hand for this quarter,'' said Wit SoundView analyst Mike O'Brien, who rates the stock a ``strong buy.'' The company's president, John Boruch, said yesterday on a conference with analysts that earnings were hurt by investments made to support ``robust growth'' in the second half. Sales during the quarter rose 32 percent to $555 million from $420 million. Amkor, whose top customer is Texas Instruments Inc., has benefited from surging demand for chips used in cellular telephones, wireless equipment and video devices such as Sony Corp.'s PlayStation game system. O'Brien expects sales to grow 5 percent to 7 percent in the June quarter and projects double-digit growth in the September and December periods. ``Those could be blockbuster quarters,'' O'Brien said. quote.bloomberg.com

To: Jim Oravetz who wrote (656)	5/5/2000 1:19:00 PM
From: tech101	Read Replies (2) \| Respond to of 1056

MKR reiterated STRONG BUY by 3... by: boomeggy 5/5/00 10:21 am Msg: 13129 of 13156 analysts this morning. Deutsche Bc Alex Br $95 target, Wit SoundView, and Thomas Weisel. quote.bloomberg.com Amkor Tech Inc. Reiterated `Strong Buy' at Thomas Weisel By Donna Mcdonald Princeton, New Jersey, May 5 (Bloomberg Data) -- Amkor Technology Inc. (AMKR US) was reiterated ``strong buy'' by analyst Eric Gomberg at Thomas Weisel Partners. The 6-month target price is $72.00 per share.