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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (3329)	5/1/2008 6:35:07 PM
From: RockyBalboa	Respond to of 6370

And again, Amkor. Look, here are analysts cautious and strip out 5c/shr currency related extra gains. ... AP Amkor Technology shares soar on strong 2Q outlook Thursday May 1, 2:53 pm ET Amkor shares jump after it predicts 2nd-qtr profit higher than Wall St. expectations NEW YORK (AP) -- Microchip assembly and test company Amkor Technology Inc. soared more than 20 percent Thursday after it said it expects its second-quarter profit to beat Wall Street forecasts by a wide margin. The company anticipates profit of 32 to 36 cents per share, while analysts polled by Thomson Financial expect profit of 28 cents per share. Analysts typically exclude one-time costs and gains. The company also forecast sales of approximately $706.5 million to $720.5 million, while analysts forecast sales of just $700.6 million. Deutsche Bank analyst Peter Kim praised the company's "sure and steady execution" in the first quarter and described it as a leader in its sector. "Even stripping out a 5 cent a share currency gain, Amkor delivered a relatively stable operating performance compared to its peers," he said. Lehman Brothers analyst C.J. Muse said the company's success is driven by its increased share in the video-game chip market. He welcomed Amkor's reduced emphasis on the relatively weak personal computer market.