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To: StanX Long who wrote (13152)	1/28/2004 11:48:36 PM
From: StanX Long	Read Replies (1) \| Respond to of 95738

Amkor posts strong Q4, plans to boost spending Silicon Strategies 01/28/2004, 4:25 PM ET CHANDLER, Ariz.--Amid a plan to boost its capital spending, Amkor Technology Inc. reported fourth quarter sales of $459 million, up 8 percent sequentially and up 23 percent over the fourth quarter of 2002. Amkor's fourth quarter net income was $23 million, or $0.13 per share, compared with a loss of $196 million, or minus $1.19, per share, in the fourth quarter of 2002. For the full year, revenue was $1.6 billion, compared with $1.4 billion in 2002. Amkor's net income in 2003 was $2 million, or $0.01 per share, compared with a loss of $827 million, or minus $5.04 per share, in 2002. James Kim, Amkor's chairman and chief executive of Amkor, was bullish. "During the fourth quarter our customer forecasts continued to strengthen, and we now expect to achieve revenue growth in the first quarter of 2004, which is a significant reversal of what is normally a seasonally down quarter," he said in a statement. "Historically, a sequential increase in our first quarter sales has always signaled a strong year for Amkor. Last quarter I said we were positioning Amkor to achieve $2 billion in revenue in 2004; I now believe we will exceed $2 billion," he said. "In response to broad-based customer demand we have re-ignited Amkor's growth engine and are aggressively moving to increase production capacity to meet demand that our customers are already forecasting," he added. "We are focused on asserting our leadership position in key package technologies. We have budgeted first quarter capital expenditures of $200 million to accommodate robust customer demand and expand our operational footprint in Taiwan and China. We will most likely spend between $300 and $500 million for 2004." Amkor expects its first quarter sales will increase 2-to-4 percent. Net income in the range of 8 to 11 cents per diluted share.