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

To: BigLouie who wrote (171)	4/22/1999 1:22:00 AM
From: tech101	Respond to of 1056

Highlight of CC: Revenue $420 million for the Q1 99. (Q1 is traditionally slowest quarter that comprise 20% of annual revenue). Packaging and testing price erosion slows down. High-end products of P&T increased to 58% from 46% a year ago. Intel, TI, Motorola, IBM all are Amkor customers with Intel and TI at more than 10% of total revenue. Market trend favors Amkor's high-end product capacity over competitors. Current tax rate 29%, and will have 10 year tax holiday when K4 purchase goes through.

To: BigLouie who wrote (171)	4/22/1999 1:37:00 AM
From: tech101	Read Replies (2) \| Respond to of 1056

Amkor is worth 30 based on PE Amkor competes with ASTSF -- the remote second among the independent P&T companies in the world, which is less than half of Amkor's size with less advanced technology. On the other side, Amkor realized almost $ 70 million revenue in Q1 (and growing) from TI in wafer production and is competing with TSM -- the largest independent foundry vendor in the world. But TSM is also a partner of Amkor, both of whom invested 25% each in the newly established P&T company -- Taiwan Semiconductor Technology. Based on TSM and ASTSF's PE ration (48 and 41 respectively), AMKR is worth at least 30 today.