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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (61058)	2/28/2002 12:47:02 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

ASAT May Post Fourth Straight Quarterly Loss as Orders Decline By Alan Patterson 02/27 23:52 quote.bloomberg.com Hong Kong, Feb. 28 (Bloomberg) -- ASAT Holdings Ltd., Hong Kong's largest packager of computer chips, may post a loss for the fourth straight quarter as a drop in orders probably caused sales to fall by two-thirds, analysts said. ASAT, which trades American depositary receipts on the Nasdaq Stock Market in the U.S., may post a fiscal third-quarter loss of $17 million, or 13 cents an ADR, compared with profit of $10.7 million, or 8 cents, a year ago, according to the average estimate of three analysts polled by Bloomberg News. Sales probably fell to $24 million from $84 million, they said. Demand for computers and mobile phones slumped last year, hurting ASAT customers that make chips to power those products. The slowdown, which has pushed ASAT's ADRs down 67 percent from their 52-week high reached May 21, may end in the third quarter, analysts said. ``They will break even in the next quarter,'' said Nicholas Tan, an analyst with UBS Warburg Asia Ltd. He predicts ASAT will earn profit of $41 million in the year ending April 30, 2003. The company's ADRs, which represent five shares each, rose 1 cent in U.S. trading yesterday to $1.37. They traded at $5.61 on May 21.