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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (83)	10/25/2001 10:13:34 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

Music to the ears....... ASE believes slump bottomed out in IC-assembly/test during in Q3 Semiconductor Business News (10/25/01 09:51 a.m. EST) TAIPEI, Taiwan -- Advanced Semiconductor Engineering Inc. here today reported a net loss of NT$679 million ($20 million) on sales of NT$8.4 billion ($247 million) in the third quarter. The supplier of chip-assembly and testing services said its revenues were 40% lower than NT$13.9 billion in Q3 last year, and 1% lower on a sequential basis from the second quarter. "Although overall visibility remains poor, we believe our business condition stabilized during the third quarter compared with the previous quarter," said Jason Chang, chairman of ASE Inc. "Assembly and test volumes are ramping up gradually as some of our customers have worked off their inventories and started to introduce new devices. " "We are confident that business hit bottom in the early third quarter, and expect a seasonal pickup going into the fourth quarter," he added. "While we have not witnessed any significant cutbacks in volumes by our customers following the Sept. 11 tragedy [terrorist attacked in the United States], we are closely observing the overall situation and are keeping in close contact with our customers regarding any changes in outlook." ASE said its chip-assembly revenues sequentially "inched up" 2% NT$6.4 billion ($188 million) in the third quarter compared to Q2, while testing revenues dropped 11% from the previous quarter.