Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: tech101 who wrote (69)	2/4/1999 8:33:00 PM
From: tech101	Read Replies (2) \| Respond to of 1056

Phillipine Exports and AMKR Earning According to the 10Q of AMKR (Nov. 17, 1998) (http://sec.yahoo.com/e/981120/amkr.html) "All of the production facilities currently used to fill the Company's orders are located in the Philippines and Korea and many of the Company's customers' operations are located in countries outside of the United States. A substantial portion of the Company's revenues are (is) derived from sales to customers located outside of the United States." And also "Because the functional currency of the Company's Philippine operations is the U.S. dollar, the Company has recently benefited from cost reductions relating to peso denominated expenditures, primarily payroll costs." The situation in Philippine is apparently a significant factor to the AMKR earning. Now according to today's WSJ: (http://interactive.wsj.com/articles/SB918016529127653000.htm) "Philippine Exports Rose 17% in 1998, Weathering Asia's Economic Woes" particularly, "The electronics sector continued to be the backbone of the Philippines' export economy, accounting for close to 55% of all shipments in the year. A total of $17.38 billion worth of electronics and electronics components were shipped in 1998. In December, electronics exports surged 31% to $1.37 billion from $1.05 billion in the same period a year ago. During the month, the country's troubled garments industry exported $198.5 million worth of goods, a 6.2% drop. Meanwhile, shipments of coconut oil, one of the country's major agricultural exports, plunged 64% to $31.9 million after bad weather spoiled harvests."