3SOF

Amkor Technology Posts 4Q Profit of $54M
Associated Press (Wed 5:35pm)  


AP
Amkor Technology Posts 4Q Profit of $54M
Wednesday February 8, 5:35 pm ET  
Amkor Technology Posts Fourth-Quarter Profit of $54 Million As Sales Surge 42 Percent


CHANDLER, Ariz. (AP) -- Amkor Technology Inc., a maker of semiconductor packaging, on Wednesday said it swung to a fourth-quarter profit, as sales surged 42 percent.
Shares of Amkor surged after-hours by $1.13, or about 20 percent, to $6.89. They closed the regular Nasdaq session down 11 cents, or about 2 percent, to $5.76.


Net income was $54 million, or 30 cents per share, reversing a year-earlier loss of $36.1 million, or 21 cents per share.

Results in the latest quarter included a tax benefit of $9.9 million, a gain of $4.4 million on a unit sale, and restructuring costs of $3.3 million, Amkor said.

Revenue was $643.5 million up from $453.3 million in the year-earlier quarter.

Analysts surveyed by Thomson Financial were looking for per-share profit of 12 cents per share on sales of $624.8 million.

"Our fourth-quarter results reflect solid unit growth in strategic product areas, a richer product mix, a firmer pricing environment, and enhanced operating leverage in our newer factories," said Chairman and Chief Executive James Kim.

Amkor's losses totaled $136.9 million, or 78 cents per share, in 2005, compared with a loss of $37.5 million, or 21 cents per share, in 2004. Revenue rose to $2.1 billion from $1.9 billion.

For the first quarter, Amkor expects revenue to decline 3 percent to 5 percent from the fourth quarter -- which would suggest a range of $611.3 million to $624.2 million -- with net income of 10 cents to 14 cents per share. Analysts are projecting a loss for the period of a penny per share on revenue of $583.5 million.

Profile Get Profile for:   
 

Amkor Technology Inc.
1900 South Price Road
Chandler, AZ 85248-1604
Phone: 480-821-5000
Fax: 480-821-8276
Web Site: http://www.amkor.com

DETAILS   
Index Membership: N/A
Sector: Technology
Industry: Semiconductor - Integrated Circuits
Full Time Employees: 22,033


BUSINESS SUMMARY   
Amkor Technology, Inc. operates as a subcontractor of semiconductor packaging and test services worldwide. It offers traditional packaging, which includes traditional leadframe products; and advanced packaging, which includes advanced leadframes and laminate products. Amkor's test solutions include wafer probe, final test, strip test, marking, bake, drypack, and tape and reel. The company tests various devices, including digital, linear, mixed signal, memory, radio frequency, and integrated combinations of these technologies. Amkor also provides engineering services, including test program development, test hardware development, test program conversion, device characterization, and qualification testing. The company offers its services to communications, computing, consumer, industrial, and automotive applications. Amkor Technology was founded in 1968 and is headquartered in West Chester, Pennsylvania.

Was in at the open at $12.35 Looking at the old highs, I get a $15ish price target.

Amkor Reports Record First Quarter Sales



CHANDLER, Ariz.--(BUSINESS WIRE)--April 26, 2006--Amkor Technology, Inc. (Nasdaq: AMKR) reported record first quarter 2006 sales of $645 million, up 55% from the first quarter of 2005 and up slightly from the fourth quarter of 2005. Amkor's first quarter 2006 net income was $36 million, or $0.20 per diluted share. For the first quarter of 2005 Amkor's net loss was $119 million, or ($0.68) per share, and included a provision for legal settlements of $50 million, or ($0.28) per share.

"I am pleased with our results this quarter and believe that the firm business conditions in Q1 have created a platform for Amkor to achieve measured, profitable growth in 2006," said James Kim, Amkor's Chairman and Chief Executive Officer. "We expect that tight supply throughout the semiconductor industry, coupled with what we see as more disciplined behavior toward capacity expansion, will restrain upside production and dampen the amplitude of industry cyclicality. We believe a less volatile business environment will better enable Amkor to enrich our product mix, improve asset productivity, and increase profitability and cash flow."

"During the first quarter we saw seasonally robust demand across a broad range of end markets, with upsides for advanced packages, such as MicroLeadFrame(R), System-in-Package and 3D packages for wireless communications and consumer applications," said Kim. "Our strategic alliance with IBM continues to develop very well."

"In February we announced a strategic expansion of our electroplated wafer bumping operations in collaboration with Chartered Semiconductor Manufacturing and other customers who operate in Singapore," said Kim. "This initiative recognizes the increased adoption of flip chip packaging and the leadership position in wafer bumping technology we have gained through our Unitive subsidiary. In conjunction with our existing test operations in Singapore, Amkor will provide turnkey wafer bump and wafer probe services for leading edge applications on 300mm wafers at advanced process nodes. We believe there is strong market demand for our advanced bump and probe capabilities, and expect our wafer bumping production build-out to be largely supported by long-term supply agreements."

"First quarter sales of $645 million and gross margin of 24% exceeded our guidance as customer demand remained firm during what is typically a seasonally slow period," said Ken Joyce, Amkor's Chief Financial Officer. "We are benefiting from a focused effort on optimizing our asset allocation, improving labor and asset productivity, disciplined capacity expansion and enriching our product mix."

"First quarter gross profit includes a $4 million impairment charge primarily related to our decision to close down a camera module production line in Korea, where we have not achieved targeted returns and associated cash flows," said Joyce.

"First quarter SG&A expenses were higher than previously planned, principally attributable to greater than anticipated professional fees and increased IT-related expenses," said Joyce. "In light of stronger business conditions, we have decided to invest a portion of our increased earnings to enhance our worldwide IT systems capabilities. We are moving forward with a broad-based ERP implementation designed to ensure that Amkor has the systems infrastructure necessary to accommodate planned growth while managing an increasingly complex supply chain."

amkr closed at $12.87 up $4.5k on this. I still think I can sell this above $15 ::)

Another one that's been down for several months.  Looks like it has reached a turning point.  I will look for a bounce off a huge resistance level it has just hammered off of on above average volume.  Going against my usual MACD tells but the RSI looks solid enough to warrant a hard look if there is some bounce here from the 6.75 level.  A few positive days and a close around or above 7.25 by Thursday would warrant a very solid look and a good pick.  I will post a chart and more analysis and targets on Sunday and then follow this thing Monday and Tuesday to determine a course of action.  Very good, strong support at 6 so if this thing continues to fall, could be a great buy point there.

Coming tomorrow night, 6 month and 18 month daily charts with analysis.  Hope y'all can wait until then  ;D

Here are the charts.  I'll post explanations/analysis later tonight.

BUSINESS SUMMARY   
Amkor Technology, Inc. provides advanced semiconductor assembly and test services in the United States and internationally. It offers a range of package formats and services primarily in leadframe and laminate families. Its leadframe package types comprise SOIC and QFP, which support various device types and applications, as well as leadframe package offerings that consist of MicroLeadFrame family of QFN or Quad Flat No-lead packages for radio frequency and wireless applications. The company's laminate products include SuperBGA, which is designed for low-profile, high-power applications; TEPBGA-2, which is designed for thermal performance in high power applications; and System-in-Package modules, which integrate various system elements into a single-function block. It also offers turnkey flip chip solutions, including wafer probe, wafer bumping, packaging, and test and drop ship on 200mm and 300mm wafers, as well as provides outsourced packages based on MEMS that are used in a range of industrial and consumer applications, including automobiles and home entertainment. In addition, the company provides various test solutions, including wafer probe, final test, strip test, marking, bake, dry pack, and tape and reel, as well as drop shipment for various devices, including digital, linear, mixed signal, memory, and radio frequency. Further, it offers engineering services, which include conversion of single site to multisite, test program development, test hardware development, and test program conversion. Amkor has strategic manufacturing partnerships with various semiconductor companies and electronics OEMs for the provision of package design, assembly, and test solutions. The company's operational base encompasses manufacturing facilities, product development centers, and sales and support offices located in key electronics manufacturing regions in Asia, Europe, and the United States. Amkor was founded in 1968 and is headquartered in Chandler, Arizona


Shorted @ $5.99 ;)
I'm looking to cover around $3.50

wish me luck ;)

I'm gaining a bit so far, I hope this one goes in my way... yiiiihaaaaaaaaaaaaaaaa ;) :D ;D
I want that 40% gain in my bank ;)

Amkor Technology delays filing quarterly results

Going down slowly I have no problem with that ;)

nice play terliso

Amkor Receives Nasdaq Delisting Notice Regarding Delayed Filing of Form 10-Q and Notices of Default on Debt
Tuesday August 15, 1:51 am ET


CHANDLER, Ariz.--(BUSINESS WIRE)--Aug. 15, 2006--Amkor Technology, Inc. (Nasdaq:AMKR - News) today announced that it has received a Nasdaq Staff Determination notice stating that the company is not in compliance with Nasdaq Marketplace Rule 4310(c)(14) because it has not timely filed its Quarterly Report on Form 10-Q for the period ended June 30, 2006. The Nasdaq Staff Determination notice indicated that Amkor's securities will be delisted from the Nasdaq Stock Market unless Amkor requests a hearing before a Nasdaq Listing Qualifications Panel. Accordingly, Amkor will request a hearing to review the Nasdaq Staff Determination, and pending a decision by the hearing panel, Amkor's common stock will remain listed on The Nasdaq National Market. However, there can be no assurance that the hearing panel will grant the company's request for continued listing.
In addition, the Company has received letters from U.S. Bank National Association as trustee and Wells Fargo Bank, National Association as trustee alleging that the failure of Amkor to file its Quarterly Report constitutes a default under the indentures governing each of the following series of notes:

5% Convertible Subordinated Notes due 2007
10.5% Senior Subordinated Notes due 2009
9.25% Senior Notes due 2008
9.25% Senior Notes due 2016
6.25% Convertible Subordinated Notes Due 2013
7.75% Senior Notes due 2013
7 1/8% Senior Notes due 2011
2.5% Convertible Senior Subordinated Notes due 2011
The letters also allege that the failure by Amkor to cure the purported default within 60 days from the date of notice will result in the occurrence of an "Event of Default" under the indentures.

If an "Event of Default" were to occur under the indentures governing the notes described above, the trustee or holders of at least 25% in aggregate principal amount of such series of notes then outstanding could attempt to declare all related unpaid principal and premium, if any, and accrued interest on such series of notes then outstanding to be immediately due and payable. As of the date hereof, there is approximately $1.62 billion of aggregate unpaid principal outstanding of the above mentioned notes.

On July 26, 2006, Amkor announced that its board of directors has established a special committee of independent directors to review the company's historical stock option practices. The special committee is being assisted by independent legal counsel. Amkor is focusing significant effort on completing its options review in order to file its Quarterly Report on Form 10-Q on or before October 9, 2006 and thereby avoid any purported Event of Default.

Amkor Tech says 2 banks notify of potential default on notes

AMKR The Chandler, Ariz., provider of semiconductor-assembly and -test services, said it was notified by Nasdaq that its stock could be delisted. That's because it did not file its quarterly report on Securities and Exchange Commission Form 10-Q for the period ended June 30 on time. Amkor will request a hearing on the matter, and meantime its stock will continue to trade on the National Market, Amkor said. Amkor also said that U.S. Bank and Wells Fargo Bank notified the company that the failure to file the 10-Q constitutes a default under several series of notes totaling $1.62 billion. Amkor said it is currently reviewing its stock-option practices and hopes to complete that review and file its 10-Q by Oct. 9 to avoid an event of default under the notes. An event of default could entitle the holders to declare the notes due and payable, Amkor said.

One to watch.....
Sell off seems to be over done !
Good volume

Technicals
Last Price Quote is:
-6.56%below 13-day EMA
-24.23%below 50-day EMA
RS Rating: 3 

Fundamentals
Key Data:
Market Cap (M): $1,006.24 
P/E Ratio: 10.94 
PEG Ratio: 0.38 
Next Earnings: 10/25/2006
Last Analyst Rating: Negative

Quote from: Terliso on August 07, 2006, 03:18:40 PM
Shorted @ $5.99 ;)
I'm looking to cover around $3.50

wish me luck ;)

Gaining 12% so far
Stop where I shorted @ $5.99

Covered @ 5.61 profit 6% ;)

went long @ 5.62 this one might come up & possibly fill the gap between 6.85 - 6.92

good trading ;)

Nice little gain there terliso  ;). To bad you couldnt pocket that 12% gain but it looks like you swinging on the long side so you might come out with even more. TARR reminds me alot of AMKR. I covered TARR for like a 6% profit as well and it had the same situation with TARR delaying filings sinking to low 9s and then bouncing back over 10.

Quote from: Terliso on August 30, 2006, 04:23:25 PM
Covered @ 5.61 profit 6% ;)

went long @ 5.62 this one might come up & possibly fill the gap between 6.85 - 6.92

good trading ;)

A little bit above six could be the target on this one or the 50sma ... AMKR just printed $6.01 8)

Terliso, thanks for your work on the update to this one.
I was unable to be with you all here at 3SOF.
Applaud..... ;)

No problem Setravis ;) :D

Fantastic H+S pattern oer the past 7 months, gap filled from Feb 9 all of us seem to agree taht AMKR is on its way back to the high 6's at least.   I may see if i can get in under 6 in the morning, or put it on my paper list... sure looks like a solid trade.  Kudos all

Cheers Joe

hI,

STRONG BUY opportunity..price near major support...Great job guys :)

Close at 5.40
stop loss at 5.12
target at 7.00

Reward/Risk ratio of 29.6 / 5.4 = 5.48...EXCELLENT

Quote from: setravis on August 22, 2006, 06:55:14 PM
One to watch.....
Sell off seems to be over done !
Good volume

Boom!!!! ;D

AMKOR TECHNOLOGY (NasdaqGS:AMKR) Delayed quote data 

Last Trade: 6.76
Trade Time: 9:54AM ET
Change:  1.71 (33.86%)
Prev Close: 5.05
Open: 6.61
Bid: 6.75 x 1700
Ask: 6.76 x 500
1y Target Est: 8.90

  Day's Range: 6.58 - 6.87
52wk Range: 3.57 - 13.09
Volume: 4,616,568
Avg Vol (3m): 4,951,860
Market Cap: 1.20B
P/E (ttm): 13.29
EPS (ttm): 0.504
Div & Yield: N/A (N/A)

Amkor Technology, Inc. Earnings Call scheduled for Wed, Nov 8

bizjournals.com
Amkor posts $53M profit, record sales
Wednesday November 8, 5:41 pm ET


Amkor Technology Inc. reported record third-quarter 2006 sales and net income of $53 million.
Revenue hit $714 million, up 30 percent from the third quarter of 2005. Amkor's third-quarter 2006 net income was $53 million, or 27 cents per share, compared with a net loss of $19 million, or 11 cents per share, in the third quarter of 2005. Analysts had predicted net income at 24 cents a share.

 
"We completed a historic third quarter, marking the first time that Amkor's quarterly sales have exceeded $700 million," said James Kim, chairman and chief executive. "Our strong operating performance reflected continued progress in our strategy to enrich our product mix, enhance operating efficiencies, and generate higher returns on our capital investments."

Chandler-based Amkor (NASDAQ: AMKR - News) provides advanced semiconductor assembly and test services.

Published November 8, 2006 by The Business Journal

AP
Amkor Tech Up on Strong Forecast
Thursday November 9, 12:45 pm ET
By Rob Curran, Dow Jones Newswires 
Amkor Technology Stock Up; Earnings, View Unexpectedly Strong


NEW YORK (AP) -- Shares of Amkor Technology Inc. climbed Thursday, after the semiconductor-testing company posted an unexpectedly high third-quarter profit with help from strong demand.
The Chandler, Ariz.-based company also indicated a slowdown in fourth-quarter sales wouldn't be as severe as expected.


Amkor's stock rose $1.05, or 14 percent, to $8.54 in early afternoon trading on the Nasdaq Stock Market. Thursday's strongest level, on heavy volume, was $8.69. On a 52-week basis, there was a high of $13.09 on April 27 and a low of $4.61 on Sept. 27.

Late Wednesday, Amkor said it moved to a third-quarter profit of $52.8 million, or 27 cents a share, from a loss of $19.5 million, or 11 cents a share, a year earlier. Analysts surveyed by Thomson Financial had forecast, on average, earnings of about 24 cents a share.

Revenue surged 30 percent to $713.8 million from $549.6 million, amid seasonal demand from makers of wireless and mobile devices, gaming consoles and other products.

For the fourth quarter, the company expects to post per-share earnings of 20 cents to 24 cents, as compared to the 21 cents that had been expected by Wall Street.

The company also expects sales of $678.1 million to $692.4 million -- still topping the roughly $676.9 million expected by analysts.

In a research note, Lehman Brothers analyst David Egan said he expected a fourth-quarter downturn for semiconductor subcontractors after several quarters of growth because of the cyclical nature of the business. He said the assembly and testing companies were avoiding price increases that hurt business during cyclical troughs in the past.

"Looking forward, we currently believe that there is reason to think that this improved financial performance is sustainable into the downturn and over the next cycle," Egan said.

Amkor Reports Record Third Quarter Sales

AMKOR TECHNOLOGY INC.

The microchip testing and packaging firm late on Wednesday reversed a year-earlier loss and reported strong demand for wireless and other mobile products.

Amkor shares rose 13.5 percent to $8.50 on the Nasdaq.

52wk Range: 4.61 - 13.09
Volume: 16,159,778
Avg Vol (3m): 4,386,990

Support @ $8.30...7.56...7.05
Resistance @ $8.92...9.45...9.65...9.95...10.43

Technicals
Most Actives
Gap Up
Percentage Gainer
MACD is Bullish
Stochastic is Bullish

Last Price Quote is:
19.87%above 13-day MA
27.15%above 50-day MA
RS Rating: 95 

Fundamentals
Key Data:
Market Cap (M): $992.00 
P/E Ratio: 10.78 
PEG Ratio: 0.4 
Next Earnings: 02/07/2007
Last Analyst Rating: Strong Buy

1. Introduction

I just want to know the reason behind the latest two enormous gaps on AMKR. I also never understood this semiconductor testing industry very well, why are they needed so much and how come they have such high revenue numbers?

If I listened to Peter Lynch or Warren Buffet, I would stay away from these things, since I don't understand the business. But I'll study the stock anyway.

2. Profile

Amkor Technology, Inc. provides advanced semiconductor assembly and test services in the United States and internationally. (complete profile here (http://finance.yahoo.com/q/pr?s=AMKR))

3. Technical Analysis
3.1. All History Chart

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=28237;image)

Another fallen angel from the tech bubble. Even on this very long term chart we can see the recent gaps AMKR had.

3.2. Medium Term Chart

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=28238;image)

As you can see on the chart above, when there's a gap at AMKR, usually the gap is left open for some time and the stock goes in the direction of the gap.

3.3. Short Term Chart

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=28239;image)

Technically the stock looks bullish. I know one needs to have a lot of courage to buy after such big gaps, but courage and doing the hard thing usually pays in the stock market.

Let's check the fundamentals ...

4. Fundamental Analysis
4.1. Number of Shares Outstanding

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=28240;image)

The company lost some of its appetite for issuing shares in about 2003, which is a positive development. The current market cap is 178,109,034*$8.85 = $1.58 B.

4.2. Liquidity

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=28244;image)

Not a great balance sheet, but acceptable.

4.3. Revenues

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=28245;image)

2006 is going to be the best year ever for AMKR in terms of revenues. Sales are picking up steam. The Price to Sales Ratio is $1.58 B/$2.73 B = 0.58. The industry average is 2.29, so AMKR indeed looks cheap.

4.4. Profits

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=28246;image)

It's easy to understand those two gaps now, AMKR is completely turning the corner and showing record revenues and strong profits. 2006 EPS is expected to come in at $0.95, so the earnings multiple is $8.90/$0.95 = 9.36. The average earnings multiple for the industry is 28.82  :o

5. General Overview

Although I'm not familiar with the semiconductor business, I can clearly see that AMKR is massively undervalued. It needs to rise 3 or 4 fold to have the same multiples as its competitors. There can be a cyclical slowdown in the future, but I don't think there's a valid reason for AMKR to be this undervalued.

The market is catching up to the rapid change in fundamentals, and not the other way around. It doesn't get much closer to a sure thing than this.

I'm analyzing 3 stocks everyday, if you would like to receive my work on your mailbox, please register (http://www.3stocksonfire.org/trading/index.php?action=register).

AMKR had such an incredible turn in fundamentals that the rise in the share price needs to be made in big gaps to keep up. Still way undervalued in my opinion. I want to add this stock to the 3 Stocks on Fire Portfolio.

Ramsburg informed me that he practices always putting a detailed trading plan at the end of each recommendation, so that everyone clearly understands what we're saying. You can find the detailed trading plan at the end of this post.

Here's the study I made on the stock:

«1. Introduction

I just want to know the reason behind the latest two enormous gaps on AMKR. I also never understood this semiconductor testing industry very well, why are they needed so much and how come they have such high revenue numbers?

If I listened to Peter Lynch or Warren Buffet, I would stay away from these things, since I don't understand the business. But I'll study the stock anyway.

2. Profile

Amkor Technology, Inc. provides advanced semiconductor assembly and test services in the United States and internationally. (complete profile here (http://finance.yahoo.com/q/pr?s=AMKR))

3. Technical Analysis
3.1. All History Chart

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=28237;image)

Another fallen angel from the tech bubble. Even on this very long term chart we can see the recent gaps AMKR had.

3.2. Medium Term Chart

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=28238;image)

As you can see on the chart above, when there's a gap at AMKR, usually the gap is left open for some time and the stock goes in the direction of the gap.

3.3. Short Term Chart

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=28316;image)

Technically the stock looks bullish. I know one needs to have a lot of courage to buy after such big gaps, but courage and doing the hard thing usually pays in the stock market.

Let's check the fundamentals ...

4. Fundamental Analysis
4.1. Number of Shares Outstanding

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=28240;image)

The company lost some of its appetite for issuing shares in about 2003, which is a positive development. The current market cap is 178,109,034*$8.85 = $1.58 B.

4.2. Liquidity

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=28244;image)

Not a great balance sheet, but acceptable.

4.3. Revenues

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=28245;image)

2006 is going to be the best year ever for AMKR in terms of revenues. Sales are picking up steam. The Price to Sales Ratio is $1.58 B/$2.73 B = 0.58. The industry average is 2.29, so AMKR indeed looks cheap.

4.4. Profits

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=28246;image)

It's easy to understand those two gaps now, AMKR is completely turning the corner and showing record revenues and strong profits. 2006 EPS is expected to come in at $0.95, so the earnings multiple is $8.90/$0.95 = 9.36. The average earnings multiple for the industry is 28.82  :o

5. General Overview

Although I'm not familiar with the semiconductor business, I can clearly see that AMKR is massively undervalued. It needs to rise 3 or 4 fold to have the same multiples as its competitors. There can be a cyclical slowdown in the future, but I don't think there's a valid reason for AMKR to be this undervalued.

The market is catching up to the rapid change in fundamentals, and not the other way around. It doesn't get much closer to a sure thing than this.»

6. Trading Plan

The recommendation is to buy a portion of your capital (in the 3 Stocks on Fire Portfolio's case, it is always 6.66% of equity) in AMKR shares today, below $9.27.

Good David jumping in here,
Could make this pup run on up..... ;) :D ;D

Nice pick David! I got in today at 9.33 up already over 3% :).

Quote from: nullzero on November 15, 2006, 02:18:34 PM
Nice pick David! I got in today at 9.33 up already over 3% :).

Well, it closed at $9.34 (the trading plan said

Quotebuy ... below $9.27

), a bit off the highs. I'm not expecting this stock to go up everyday, but I do expect it to double in 6 months or so. There were no news or any other fundamental information out yesterday, I'll continue holding AMKR whatever happens.

More volume and more upside action for AMKR. Every intraday dip is met with more and more demand. When the market tells you're right, don't rush to take profits, let the stock reward you for being right.

I've listened to the 3Q conference call and all big institutional investors, like Bank of America, Merril Lynch, Deutsch Bank, Goldman Sachs and others were there, asking many questions.

One of them was:

«Your company is valued at such a deep discount when compared to your industry peers, why do you think is that?»

The answer from the CEO was: «I think we've just lost credibility. Now we need to gain back our credibility by getting results, not by promising them».

I like this talk. And I think that, after 4 consecutive quarters that were profitable and with revenue growing, they are showing those results. And the market is responding.

AMKR would need to be a $36 stock to have the same revenue multiple as its industry average. It would need to be a $27 stock to have the Semiconductor - Industry Circuits average earnings multiple.

So, if this "credibility recovery" continues, and from what I listened on the CC, it will, AMKR will be a, say $30 stock.

There will be corrections along the way, but there's no doubt that I want to continue holding AMKR.

what I am wondering is why AMKRs stock price is so much higher than IMOS  ???

strange IMO

please check the attached comparison file
cheers
O.

is the action of Friday a technical sell signal for short term? may be we can buy at $8 next 1-2 weeks?

While AMKR has been running well lately, and continues to look strong, I am thinking that we may see a reversal and pull-back from this level.  AMKR has been hitting against key resistance at 9.70, and the 30 minute shows an ascending triangle forming that would suggest a break to the upside.  However, the MACD histo looks to be topping right now, RSI is heavily overbought, and the CCI is pulling back towards 100.  If you look at the last few times the CCI broke back down below 100 after being significantly above (green vertical lines) it preceded as substantial drop.  If it does pull back, we could see some support around 9.10-9.20, but it could also pull all the way back to the low $8 range.  I like David's longer term analysis and outlook on AMKR, but we got into this stock at relatively high levels, after it has made almost a double from lows at the end of september, which makes me concerned about letting a small profit turn into a loss here.

Yesterday's candle, and the 30-minute chart both lead me to believe tht 9.43 is key short term support.  If this gets broken, it will more than likely initialte a significant pull-back.  So, my updated trading plan on AMKR is to raise my stop to 9.40, in order to protect my position and make sure I come out with at least some gain from this.  If it does pullback, I would most certainly be a buyer at the 8.20-8.50 range.

I agree with you ScottishTrader, the short term action on AMKR looks a bit shaky. The candlestick left on Friday showed some indecision, and indecision many times leads to a reversal in short term trend.

But, thinking this way, you'll never be able to catch a meaningful move out a stock, say a 50% profit. Because, there are no 50% moves on any stock without some kind of short term weakness in between (at least not on $1B plus market cap stocks).

Remember AAPL, you were right when you bought at $40, but then you cut your profits too early because of thinking too much on the short term. Did you make more money by letting go of AAPL and start trading for short term profits?

I think AMKR is going to $30 (long term) and I'm not willing to lose my position just because of possible short term weakness - I know I can't beat the market making many short term trades on stocks, over the long run. I may beat it occasionally when I'm very precise, but unfortunately those strings don't last long.

Good luck Scottish Trader, but remember your lessons, it's more important to trade right than to make money on any particular trade !

AMKR just doesn't stop rising, to take a breather, because it is too much undervalued. Anything less than $15 is an insult after the fundamental turnaround this company had. That candlestick on Friday left some people a bit shaky on the short term (myself included), but I know you can't trust the candlesticks if you want to grab a medium term trend. Candlesticks are very short term oriented and many times they're wrong.

There's nothing else to do on AMKR than to sit tight and let the profits run.

I'm sorry La-onda, I can't open that PDF file, something's wrong with my Acrobat Reader. But from what you're saying I'll probably take a deep look at IMOS.

Quote from: winner919 on November 18, 2006, 11:49:16 AM
is the action of Friday a technical sell signal for short term? may be we can buy at $8 next 1-2 weeks?

At $8? I don't think so. My advice is for you to buy the stock and forget about short term activity. This may be your "triple of the year stock"  :)

The semiconductor sector was down 1.1% today, and AMKR was down 0.7% in sympathy. Again, the candlestick suggests there can be some red day on the chart, but I can't bet on that, since the trend is my ally in the stock market. And the trend says: «AMKR goes north».

Well David, you most certainly were right.  I raised my stop again today to 9.65, as AMKR broke down through first trendline support (light blue).  I figured I had 2 levels of horizontal support at 9.73 and 9.69 between me and my stop, but wanted to protect my profits.  And whaddya know, AMKR broke through all of those, hitting my stop and making a LOD of 9.65, again!!!  (sorry this keeps happening to me).  In fact, because I was looking at it in such a short term perspective (5-15min intraday charts)  I didn't even see that it made a perfect tag of two longer term ascending support lines (both dark blue).

But its ok, I'm not bitter (mainly because we made LOADS on CHINA today, oh and INSM too).  In fact it is clear case in point about what I need to rectify in my trading style and philosophy.  Otherwise, embrace it and go for those regluar 5% gains in stocks, but that is also a fairly high stress game with a lot of trading.  I think I need to learn the art of making my plans and then not looking at the action intra-day for a bit and getting on with all the other stuff i gotta do.  Just let things evolve.

I got a gain of 3.7% on AMKR this time, which I really don't mind, and I will be waiting for re-entry, either on a pullback if it fails again around $10, which I still think is possible, or maybe as soon as tomorrow, if it looks like these patterns are going to resolve themselves with a significant upside breakout above $10.  Today's candle looks a lot like fridays, and look what happened on Monday after that!  If AMKR breaks $10 this week, I am going to promise myself that I will sit on it and let things develop, because if it does break $10, I think you could well be right on this one.  ;)

It looks like AMKR is consolidating the recent gains without any meaningful move down. Volume is down and the price is almost steady. Usually a violent move follows this kind of narrow activity.

Since the trend is up I expect this move to be up, although an inexperienced trader could think it should be down when looking at the chart. Of course, even inexperienced traders are sometimes right on the market ;D

I'm thinking, these updates are getting too short term oriented, because, after all, I'm here to comment on 1 day's trading action. But is there anything to comment, really?

I should do these updates differently, I'll try to remember this tomorrow. For now I'll just say I'll continue holding AMKR.

couldn't resist - back in @ 9.89 today - AMKR is just screaming to break $10 and I will be very upset if it doesn't  >:D >:D

Above $10 now after another white marubozu with 1.9 million shares changing hands. The SOX went down 0.61% on Friday, yet AMKR was up 4.45%.

This is called relative strength.

AMKR is so easy from a fundamental standpoint ... EPS for full year 2006 is estimated at $0.95 and for 2007 estimates are for $0.98. But, the stock is trading at $10.33, so the earnings multiple is absurd (since the industry's earnings multiple is 31).

The stock is catching up with the fundamentals, but of course, it doesn't go up in a straight line, from one point to another. Fundamentally, AMKR is worth $30.

Excellent breakout for AMKR  above key $10 resistance  ;D  As I mentioned before, I was somewhat foolish to get stopped out of this one, but corrected this and got back in. 

Was just having a look at the long term weekly (semi-log) charts and it looks like next key resistance in this move should come in at 10.80, so keep an eye on the action when we get to that level.  Beyond that there should be significant resistance at $13 and $16-16.30.  My long term target for this move would be the top of the channel, which currently comes in around $18, but more than likely would be substantially higher if we actually touch this trendline.  I also like the strong uptick in the Acc/Dist (bottom).

Volume was low this week relative to the previous 2, as AMKR churned its way through the $9 level (and we only had 3.5 trading days).  I would expect volume to pick up again next week, as this comes up on hot $10+ trading radars, and with the possibility of further institutional exposure.  I am now planning to let this run for a bit and see how it goes.  I'm not going to yet, but I think it shold soon be safe to raise stops to close to $10 for this trade.

ST

Scottie, Thanks for the update !
Applaud..... ;D

AMKR erased Friday's gain. That was it. Nothing changed, just a red candle on the chart (they're needed to make a sustainable trend), I'll keep on holding this extremely undervalued stock.

Volume is picking up steam again on AMKR, with 5.3 million shares traded today. It's on its way up to $30 !

hehe, I shouldn't say these things, because nobody knows if something happens and I'll be forced to sell with a loss. It will be easier to get out in that case if I didn't say anything about the long term.

On the other hand, if I don't say "attention, $30", I guess some of you guys will sell with a 15% or 20% profit and miss the whole ride. I need to transmit confidence when I feel it. And I'm very confident on AMKR, just buy and hold this one.

On a short term basis, AMKR is playing the same game (http://www.3stocksonfire.org/trading/index.php?topic=7262.msg78881#msg78881) CHINA is playing, but this time around the $10 level.

Longer term there's nothing new, AMKR will push higher.

There weren't any news out and the stock is still trading at the $9.78 - $10.47 range. I expect it to break this range on the upside and will continue holding.

Perhaps this news explains a bit of the "lack of credibility" the CEO talked about on the latest conference call: Former Amkor counsel charged with insider trading (http://biz.yahoo.com/bizj/061201/1384427.html?.v=1)

But this is past now.

Nice washout on Friday, with the stock down 7.6% intraday. It closed down 3.5%, above the $9.78 short term support and with volume above average of 6.7 million shares.

Nothing technical will make me sell AMKR, only fundamental. Fundamentals are extremely attractive, I'll continue holding AMKR.

I certainly welcome today's rally on AMKR, especially after Friday's tough sell off. It sure looks like the stock had its shake out day and is ready to climb above the $10.47 short term resistance level soon.

There were some news out: Amkor Named 2006 Strategic Supplier by Agere Systems (http://biz.yahoo.com/bw/061204/20061204005226.html?.v=1)
Business Wire (Mon 8:00am)

Good news, but not relevant for the share price. Making 9.19% on AMKR, will let the profits run.

AMKR is still within the $9.78 - $10.50 range. Fundamentals say it's worth $30. It's just a matter of time for a bullish breakout of this consolidation phase.

I'll continue holding AMKR.

I see less volume on AMKR and less people reading this thread. I guess most short term traders took profits and aren't interested anymore, as the stock already "made its move".

I believe they got 1 or 2 points out of 20. I want the twenty points, because I can both be right and sit tight.

AMKR is on the verge of breaking $10.5 on the upside. Enjoy the ride :)

The stock traded above the short term resistance level of $10.50, but it couldn't sustain those levels due to the general market weakness.

Longer term these fluctuations are meaningless and I'm in for the big pull. Overtime $10.50 will look like a cheap spot to be long, at least this is my expectation.

AMKR is still trading within the $9.78 - $10.50 consolidation range. Bears took it down more than 3% intraday, but it recovered all the losses for a positive close. I like that.

Anyway, it doesn't mean much. AMKR needs to rise 200% to be fairly valued by the market, in comparison with its peers, not counting on general market rises and possible multiple expansions going forward.

I'm still making just 11.7% on AMKR, but I expect this number to double before the end of the year ... because all those institutional investors holding the stock that I heard on the conference call have the tendency to push their stocks near the end of the year, to present an even rosier picture on their annual reports to investors.

AMKR showed relative weakness yesterday, going down 3.19% while the general market rose 0.23%. This would be a concern if I were a short term trader. But being a long term investor, I have to see it as normal, because no stock ever makes a big move without some periods of weakness along the way.

Technically the stock is still stuck on the $9.78 - $10.50 trading range. I expect it to break this range on the upside and I'll continue holding it.

QuoteTechnically the stock is still stuck on the $9.78 - $10.50 trading range. I expect it to break this range on the upside and I'll continue holding it.

Nope. It closed at $9.72. But perhaps $9.45 is an even more important short term support for AMKR.

I know I bought the stock after a big short term rise, so some consolidation was to be expected. But fundamentals say the stock is worth $30 (the company made EPS of $0.59 in the 9 months so far in 2006, analysts (and I) expect it to deliver EPS of $0.95 for the full year), and technicals are still supportive, so I'll continue holding AMKR.

AMKR is a different play than CHINA, completely different. CHINA was a long term growth story (but, as we've seen on my last update to the stock, I made two today, please notice that, growth isn't strong enough to justify the current valuation) and AMKR is a market inefficiency story.

Just looking at the competitor's table below you'll see that AMKR is undervalued:

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=30163;image)

Technically the stock hit the $9.45 horizontal support level, if that goes it may meet the 50 days SMA, but I'll continue holding AMKR whatever happens over the short term.

AMKR reacted well to the $9.45 support, rising 3.15% today. I'll continue holding it.

No news out and technically the stock is still within the $9.45 - $10.5 trading range. I'll continue holding AMKR.

additional information regarding AMKR & IMOS review  ;)

Hi La-onda, thanks for the info but I think it isn't updated, for example, it says AMKR's operating margin is 13.9%, but on Q3 it was 23.7%.

AMKR didn't release any news over the past couple of weeks and the stock continues to trade within the $9.45 - $10.5 range.

I'll continue holding this way undervalued (as you can see on the rest of this thread) Semiconductor company.

AMKR is doing its best to shake all weak hands out of it before resuming its bullish trend. Today was symptomatic, with the stock breaking the $9.45 support on an intraday basis and then clawing back up to close 1.6% higher on the session.

Volume ticked up to more than 3 million shares. There was this positive press release out, but at first sight it doesn't look all that much significant:

• Amkor Licenses Lead-Free Wafer Bumping Technology to AMD (http://biz.yahoo.com/bw/061219/20061219005315.html?.v=1)
Business Wire (Tue 7:30am)

What is significant is the recent turnaround in fundamentals, from big losses to big profits. The company already made an EPS of $0.59 this year and analysts expect $0.95 for the full 2006. If this materializes it will put the stock trading with an earnings multiple of 10.3, and the Semiconductor - Integrated Circuits average is 29.

There are some discrepancies on estimates, for example, 4th quarter estimates are for $0.22 EPS only, and that would put fiscal 2006 EPS at $0.81, instead of $0.95. Yet, even if the company only makes $0.81, the earnings multiple would then be 12, still way below the industry average of 29.

This company is making all the right steps, moving operations to China and Singapore:

«During the quarter we commenced operations in our new Singapore wafer bump factory and our new factory in Shanghai. Fixed costs associated with these new factories should be absorbed as we build revenue over the next several quarters.»

More from their latest 10-Q form:

«Our third quarter net income was $52.8 million, or $0.27 per diluted share, versus a net loss in the third quarter of 2005 of $(19.5) million, or ($0.11) per share. In the three months ended September 30, 2006, sales increased $164.2 million or 29.9% to $713.8 million from $549.6 million in the three months ended September 30, 2005. The sales growth was driven by strong demand for high performance applications, cell phones and other portable devices. During the third quarter of 2006, we experienced strong growth in flip chip and 3D packaging services and test services which is consistent with the investments we made in these areas over the past two years.»

This is an undervalued company benefiting from strong world economic growth. I think it is worth $30 a share with the current fundamentals, as you can see on the rest of this thread.

I'll keep on studying and holding AMKR.

Nothing happened today on AMKR. Low volume and small intraday range. No news out. I'll continue holding. When stocks mark time I do the same.

AMKR closed a touch below the $9.45 support level. You know how I think the stock is undervalued, so I believe the current correction is just a normal consolidation phase.

I compare this consolidation with the previous one, as you can see on the chart below. They're pretty similar (even more if I use semi-log scale, but I prefer normal scale). My fundamental assessment of the stock, as you can read on the initial analysis, is bullish, so I continue to expect a similar outcome as the one that happened after zone 1 on the chart.

Despite the recent share price weakness, the chart is still bullish and there wasn't any change in the fundamentals. The current correction is healthy and to be expected. I'll continue holding AMKR.

Here's a presentation from AMKR's website that may help us understand their business a bit better:

http://www.amkor.com/about/06Q3_Corporate_Presentation.pdf

Fundamentally the stock is very attractive. Technically it is still in consolidation mode after running 100% in just two months.

I'll continue holding AMKR.

Nice positive reaction to the $9.29 short term support level, bringing the stock back above $9.45. I'll continue holding AMKR.

AMKR had a small day, both in terms of intraday range and volume. But still, a 1.06% rise on the day, which I welcome. We have the 10 days SMA providing a bit of a short term resistance, perhaps waiting for the 50 days SMA to catch up.

Fundamental analysis (please read the initial analysis (http://www.3stocksonfire.org/trading/index.php?topic=7302.msg77071#msg77071)) tells me the stock will make a move above $12 when this consolidation phase is over.

I'll continue holding AMKR.

AMKR continues to spend some time around $9.50 as it waits for the 50 days SMA to catch up. I expect a white marubozu anytime soon, I need to sit tight and keep on holding the stock.

Not as easy as it looks to find attractive long term stocks as AMKR. 

The graph below partially explains why AMKR is undervalued and bound to go higher after the current consolidation phase ends:

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=31136;image)

You can see how revenues have been growing on a quarterly basis (3Q was the best quarter in the company's history) and gross margin has been kept stable around 35%. This means growth has been well handled by AMKR's management.

Comparing AMKR's growth with its industry (Semiconductor - Integrated Circuits) average, it's hard, if not impossible, to explain the discount the stock is trading, when considering the Price to Sales Ratio differential.

The stock doubled over the last three months. So, given the fundamentals, I believe the current share price weakness is just due to short term profit taking. When this consolidation is over, perhaps when the stock touches its ascending 50 days simple moving average, I see it running to $12 or more.

I'll continue holding AMKR.

Finally, the long awaited AMKR's bull phase seems to have started. If the stock is able to close above $10.50 the sky will be clear for a run to $12 - $13 over the short/medium term.

I believe, given the fundamentals, this will be outcome.

Nothing new on AMKR today, the stock was up 0.91% and I'll continue holding.

AMKR came down a bit to touch the 10 days SMA (green on the chart below). No news out since December 19th. I'll continue holding the stock.

this chart looks very promising, even if I am generally bearish, I have bought AMKR
last week.

cheers
O.

Quote from: la-onda on January 08, 2007, 04:09:04 PM
this chart looks very promising, even if I am generally bearish, I have bought AMKR
last week.

cheers
O.

You did well La-Onda, congrats :)

I think the time to be bearish is when the market starts heading down on good news for the US economy, not when, as it has been happening, the market is going up in the face of negative expectations for consumer spending.

Economist's expectations are for a soft landing as the best case scenario. I believe people will be positively surprised going forward. The market has been telling that since the July lows.

Of course, corrections, small and big, may occur, but we're in a bull market as any long term chart of the S&P 500 shows. I guess Americans are a little puzzled to see the rest of the world (mainly China), coming up as a very relevant player in the global economy. They feel they will lose their leadership role. But the global economy isn't an industry, everybody gains when another country joins the development road.

In short, the bull case is: there are 3 billion new consumers and investors showing up in the global economy. This is the first time this happens in the world history, until now, the Chinese, the Indians, the Russians and the South Americans were relatively incipient in economic terms. Not anymore. This is a huge breakthrough in the world economic history, and every country in the world will benefit (some more than others, but the sum of parts is bigger than the parts). I believe the US economy, especially US businesses which have this natural capitalistic tendency to go global, will be big gainers of the current global development process.

I wouldn't want to miss what can be an even bigger bull market than the last one, that lasted from 1982 to 2000, by being "somewhat" bearish. But of course I respect and like to listen to other's views.

AMKR chart looks great. Fundamentals too. Analysts are expecting EPS of $0.95 for 2006, so the trailing earnings multiple is something like 10.7. The Semiconductor - Integrated Circuits industry earnings multiple average is 30. It couldn't be easier, I guess, AMKR stock should triple to be valued at average.

I'll continue holding AMKR.

AMKR scheduled the date for its earnings release:

• Amkor Technology Announces Date of Fourth Quarter Earnings Conference Call (http://biz.yahoo.com/bw/070109/20070109005367.html?.v=1)
Business Wire (Tue 9:30am)

It's just on February the 7th, so there's plenty of time to think about those quarterly results.

In the meantime the stock should continue discounting what has been a remarkable fundamental turnaround within the company (Q3 was the best quarter ever, both in revenue and net income terms).

Analysts expect full year EPS of $0.95, so the PER is just 11. The Semiconductor - Integrated Circuits industry average is 30.

Technically the stock reached $10.50 again today. Everything is set for a bullish breakout. I'll continue holding AMKR.

QuoteTechnically the stock reached $10.50 again today. Everything is set for a bullish breakout.

Indeed, AMKR had the expected bullish breakout, closing above $10.5, as you can check on the chart below.

There's some controversy about Q4 numbers, because the average estimate for that quarter is EPS of $0.22, but the full year 2006 estimate is $0.95 (you can find these estimates here (http://finance.yahoo.com/q/ae?s=AMKR))

The problem is AMKR made just $0.59 for the nine months until September. So, if Q4 EPS is $0.22, the full year number will be $0.81, below the $0.95 full year estimate.

I still don't know why this happens (but I'll find out before earnings). I wasn't much worried about this issue because both numbers are great.

If AMKR makes $0.81 the PER is 14, so the stock is trading with a 52% discount (it needs to rise more than 100% to get to the industry earnings multiple average).

If it makes $0.95, the discount to the industry average would be even bigger, at 59%, so AMKR share price would need to increase by 145% to get to an average valuation.

100% or 145% on top of my current 14% profit are both fine by me :)

But I want to know why the discrepancy and what to expect for the quarters after Q4 2006.

For now my patience is being compensated, with the stock breaking out to new highs.

Things look strong for Q1 & Q2.
Fundamentals show positive improvements.
Support is around $9.86
Stock looks like it will test $13's and head higher by summer.
The balance sheet looks like its improving since they invested $200 million in new facility in 2005.
Semi stocks are improving and sector looks like its poised. INTC and MOT will rally by summer, even after they dipped last week.
I like the Chart on INTC..... ;D Just had to mention it here.... ;)

Date of Fourth Quarter Earnings Conference Call
• Amkor Technology, Inc. Earnings Call scheduled for Wed, Feb 7
CCBN (Tue 10:10am) 

It looks like the wait was worth it, AMKR broke out of the $10.50 resistance level with volume of almost 12 million shares.

Now isn't the time to study or think anymore, it is time to sit tight and let the market reward the men who thought right and bought this stock.

It is starting to reward, but we want full pay. I'll continue holding AMKR.

Nice job david, applause ;)

Volume surge....



Technicals
Most Actives
Percentage Gainer

Last Price Quote is:
13.33%above 13-day MA
22.80%above 50-day MA
RS Rating: 98 

Fundamentals
Key Data:
Market Cap (M): $992.00 
P/E Ratio: 10.78 
PEG Ratio: 0.4 
Next Earnings: 02/07/2007
Last Analyst Rating: Strong Buy

Quote from: Terliso on January 11, 2007, 05:26:09 PM
Nice job david, applause ;)

Thanks Terliso, let me give you an applause for giving me an applause :)

AMKR had a typical consolidation day after the very strong move it had yesterday. Volume declined by 72% and the stock closed down marginally.

All trends, long medium and short term continue to be bullish. Fundamental analysis show an undervalued stock.

I'll continue holding AMKR.

J.P. Morgan Raises Ests On Semi Consumables Stocks WFR, AMKR, ENTG, FORM, CCMP

Posted by Eric Savitz
J.P. Morgan's Christopher Blansett today raised earnings estimates on a bunch of companies that supply consumables to the semiconductor industry, includiing MEMC Electronics Materials (MEMC), Amkor (AMKR), Entergis (ENTG), FormFactor (FORM) and Cabot Microelectronics (CCMP). In a research note on the consumables companies, he reports that he sees a 13% increase in wafer starts in 2007, similar to the growth in 2006, driven mainly by memory chip demand.

Here are some of his comments on the individual companies.

MEMC: We expect MEMC to sequentially raise gross margins throughout the year in conjunction with its non-vertically integrated semi wafer competitors, Shin-Etsu and SUMCO, which are likely to pass on their increased polysilicon costs to their customers. We expect polysiliconcosts may increase as much as 20% [year-over-year] due to the continued supply/demand imbalance. He raised his 2007 estimate to $2.85 a share, from $2.70.

Amkor: Raising 2007 EPS to $1.34 from $1.19, "to reflect our improved 2007 outlook."

......

QuoteAmkor: Raising 2007 EPS to $1.34 from $1.19, "to reflect our improved 2007 outlook."

That's great la-onda, average estimates for 2007 were just $0.98, but rose to $1 because of this upgrade from JP Morgan.

If JP Morgan is right AMKR would then be trading with a forward earnings multiple of 8.35, and the Semiconductor - Integrated Circuits industry average is 30.

But as importantly, this takes out a bit of concern about a 2007 slowdown. After the latest conference call some analysts expressed concerns about 2007.

Hopefully this upgrade will give a boost to AMKR shares, the trend is certainly bullish, I'll continue holding the stock.

QuoteHopefully this upgrade will give a boost to AMKR shares, the trend is certainly bullish, I'll continue holding the stock.

It didn't, but I don't care. I've been holding AMKR through the ups and downs because it is massively undervalued when compared to its industry peers and I'm quite positive that valuation gap will be closed in the future. The stock has been going up, but of course it doesn't go up everyday, just in trend terms.

I'll continue holding AMKR.

Unfortunately AMKR is back below $10.50, due to a general market and especially semiconductor slump today, with the $SOX down 3.9%.

Expected EPS for 2007 is $1, which gives AMKR an earnings yield of 9.67%. This is attractive by all means.

The technical trend, given by the 50 and 200 days moving averages, remains bullish.

I'll continue holding AMKR.

The small doji on Friday's session might be indicative that the very short term declining trend on AMKR is coming to an end.

Earnings will be released on February 7th. Analysts expect $0.22 EPS and $683.75 M revenues for the 4th quarter. That will put full year EPS at $0.81 for fiscal 2006.

For fiscal 2007, analysts estimates are for $1.

So, the trailing earnings multiple is 12.7 and the forward earnings multiple is 10.3. The Semiconductor - Integrated Circuits industry average earnings multiple is 28.

My take is AMKR is this undervalued because its fundamental picture turned too fast and unexpectedly, so the share price now needs to catch up. It is doing that, sometimes with big gaps, but of course, it doesn't go up everyday or every week, as the new information gets assimilated in waves.

I'll keep holding AMKR.

AMKR update:  Friday's candle was a doji, tagging long term ascending support. Sugggests potential reversal from here.   Horizontal support below @ 10.00, 9.30.  Resistance @ 10.50.  Also keep an eye out as it looks like a potential rising wedge.  I think its a SELL on a move below $10.00

Quote from: David Randolph on January 20, 2007, 11:31:12 AM
My take is AMKR is this undervalued because its fundamental picture turned too fast and unexpectedly, so the share price now needs to catch up. It is doing that, sometimes with big gaps, but of course, it doesn't go up everyday or every week, as the new information gets assimilated in waves.

I can see it too David. ;)
50sma in the weekly chart almost crossing the the 200sma & 200ema above, only fundamentally sound stocks have the capacity to do this in the weekly chart. AMKR  is the one. ;D

We sure hope AMKR's future resembles HANS and NTRI ;)

Technically we had another small day. Fundamentally there's nothing new to think about until the earnings release on February 7th.

I'll continue holding AMKR.

We had a small doji on AMKR yesterday, as the NDX couldn't hold above the positive line. No new technical or fundamental information, I'll keep holding AMKR.

AMKR acted as expected yesterday, closing back above $10.50. No news out. Results will be released on February 7 and I'll hold through earnings.

Back below $10.50 by a touch, so the $10.5 technical level is losing significance.

AMKR is a company trading at just 10 times 2007 estimated earnings and its industry, the Semiconductor - Integrated Circuits, trades at 26 times earnings. I don't see a valid reason for such a deep discount (the only one being that fundamentals turned too fast and unexpectedly, so the stock, although being up about 100% over the last 3 months, is still catching up to the dramatic change in fundamentals).

I'll keep holding AMKR.

QuoteBack below $10.50 by a touch, so the $10.5 technical level is losing significance.

Yes, back above $10.50, closing at $10.56, on 2.3 million shares changing hands.

Results will be out on February 7, I have a 14% profit on AMKR and I'll keep holding.

Technicals look strong for Q1 & Q2

52wk Range: 4.61 - 13.09
Volume: 2,875,527
Avg Vol (3m): 3,526,380
Market Cap: 1.88B
P/E (ttm): 11.80

Technicals
Last Price Quote is:
0.89%above 13-day MA
8.48%above 50-day MA
RS Rating: 96 

Fundamentals
Earnings Expected on Feb 7

Key Data:
Market Cap (M): $992.00 
P/E Ratio: 10.78 
PEG Ratio: 0.4 
Next Earnings: 02/07/2007
Last Analyst Rating: Strong Buy

Again, nothing new on AMKR, as it went down 0.28% to $10.53. Results will be out next Wednesday, I have no reason to sell before that date (and hopefully I'll have no reason to sell after either). 

Nothing new for AMKR, just leaving the updated chart, I'll keep holding the stock.

It was another day with no history for AMKR. Earnings will be out next Wednesday, I'll keep holding.

After a couple of weeks of very narrow trading, AMKR finally decided to start a move. And the decision was to go north, according to the fundamentals (as you can read on the other pages of this thread).

Results will be out next Wednesday, I'll hold the stock through them with confidence.

I'm eyeing AMKR.  Planning on selling half IMOS and diversifying this play a little bit, as the fundamentals are also amazing on this company. 

Chart looks great..MACD bullish cross highly likely Monday...I'm quite fond of the way it's riding the 50 ma up.  I don't think it's going to stay so close to it for long  8)

edit:  bought today at $11.48

Nice volume of 3.2 million shares changing hands on AMKR this Friday. The stock is back above $11.

But I think it is worth something like $30, as you can read on the rest of this thread. I wonder if it will make another gap up above $12 when it reports 4th quarter results this Wednesday.

Time will tell, but I'm confident (the worst case scenario is already priced in by the low valuation) and I'll keep on holding AMKR through earnings.

AMKR is approaching the $12 short term resistance level, but you know, bull trends have no resistance.

The perfect scenario would be for the stock to gap up above $12 after the 4th quarter earnings results, which will be released tomorrow right after the market close.

That's my expectation and I'll keep on holding AMKR.

Amkor Technology upgraded to "buy"

Tuesday, February 06, 2007 1:35:12 AM ET
American Technology Research

NEW YORK, February 6 (newratings.com) - In a research note published yesterday, analysts at American Technology Research upgrade Amkor Technology (AMKR.NAS) from "neutral" to "buy."

cheers
O.
>:D

Hi la-onda, those upgrades usually don't work on AMKR, remember when JP Morgan upgraded the stock?

But perhaps the upgrades come from the company whispering that 4th quarter results will beat expectations, we'll know about that today after the close.

Estimates are calling for 22 cents EPS on $683.75 M in revenues.

I see AMKR as trading at a deep discount relative to its industry peers and I'll hold through earnings. I expect it to gap up over the $12 resistance level at tomorrow's open, that would be the perfect technical development.

Earnings out.  Big drop when earnings announce but a lot of it gained back already.

Amkor Reports Fourth Quarter Sales and Record Full Year 2006 Sales and Net Income
Wednesday February 7, 4:10 pm ET


CHANDLER, Ariz.--(BUSINESS WIRE)--Amkor Technology, Inc. (NASDAQ: AMKR - News) reported fourth quarter 2006 sales of $683 million, up 6% from the fourth quarter of 2005 and down 4% sequentially from the third quarter of 2006. Amkor's fourth quarter 2006 net income was $59 million, or $0.30 per diluted share, compared with net income of $54 million, or $0.30 per diluted share, in the fourth quarter of 2005 which included a $9.9 million tax benefit.


For the full year 2006, Amkor's net sales were a record $2.7 billion, up 30% over 2005. Amkor's full year 2006 net income was a record $170 million, or $0.90 per diluted share. For 2005, Amkor had a net loss of $137 million, or ($0.78) per share, which included a charge of $50 million for legal settlements.

"One year ago we commenced a process of refocusing Amkor for long-term success, with a commitment to streamline our corporate organization, enhance operational effectiveness, improve profitability and strengthen our cash flow," said James Kim, Chairman and Chief Executive Officer. "During the past year our management team kept a sharp focus on these objectives. We maintained a disciplined approach to capital spending; we enriched our product mix; we leveraged our technological leadership; we significantly increased our Flip Chip related business; we successfully expanded our test and bumping capabilities in Singapore; we are building scale in China; we improved gross and operating margins; and we continued to reposition our capital structure and reduce debt.

"I am pleased with the operating performance we achieved in 2006 and the corresponding improvement in our financial results. We have made excellent progress in reaching our objectives and I believe we have established a solid foundation for long-term profitable growth," said Kim.

"Our fourth quarter saw continued strong demand in 3D package solutions and Flip Chip packages for high performance applications, including all three major game consoles, networking and communications modules, offset by a decline in demand for packages supporting wireless and other mobile devices," said Kim. "Our test business strengthened during the fourth quarter as we continued to build scale in Singapore and increase our capabilities in Korea."

"Following an extended period of exceptionally strong growth, we expect to experience a seasonal decline in the first quarter of 2007," said Kim. "As we go through 2007, we will continue to exercise discipline in our capital investments, with an ongoing focus on improving our productivity, building our capabilities in technology and key growth areas, and strengthening our IT systems. I believe this will position Amkor to achieve sustainable profitability and generate positive free cash flow, which should allow us to further de-lever our capital structure."

"While fourth quarter sales were in the mid range of guidance, our gross margin of 25.3% was better than expected, principally as a result of a change in product mix," said Ken Joyce, Amkor's Chief Financial Officer.

"Our growth in Flip Chip business during the quarter was partially masked by a mix-shift, as a greater proportion of substrates were consigned by customers, instead of procured by Amkor. The associated reduction in materials reduced the average selling price for Flip Chip packages but increased gross margin."

"SG&A expenses for professional fees associated with the investigations of our historical stock options granting practices were approximately $2.5 million in the fourth quarter, compared with $10.2 million in the third quarter," said Joyce. "During the fourth quarter, we also increased our employee bonus and profit sharing accruals in recognition of our improved financial performance. Excluding the impact of these adjustments, fourth quarter SG&A was up slightly from the third quarter."

"Capital additions totaled $55 million in the fourth quarter and $299 million for the full year. Our capacity expansion has been focused on strategic growth areas, including wafer bump, wafer level packaging, Flip Chip and test," said Joyce. "We are currently targeting first quarter 2007 capital additions of $70 million and full year capital additions in the range of $250 - $300 million. We are prepared to adjust these figures depending on business conditions."

"We have achieved positive free cash flow for the past five quarters, and given our current view of business conditions, we anticipate this trend should continue throughout 2007," said Joyce. "We plan to use existing cash resources to retire the remaining $142 million in 5% convertible notes at maturity in March 2007."

For 2007, we anticipate an effective tax rate of 10% which reflects the utilization of U.S. and foreign net operating loss carryforwards and tax holidays in certain of our foreign jurisdictions. At December 31, 2006, Amkor had U.S. net operating losses available for carryforward totaling $363 million expiring through 2025. Additionally, at December 31, 2006, we had $51 million of non-U.S. operating losses available for carryforward, expiring through 2011.

Selected operating data for the fourth quarter 2006 is included in a section before the financial tables.

Business Outlook

On the basis of our customers' forecasts, we have the following expectations for the first quarter of 2007:

Sales down 4% to 8% from the fourth quarter of 2006
Gross margin of approximately 22% to 23%
Net income in the range of $0.13 to $0.18 per diluted share

Thanks for posting AMKR results basonista :)

QuoteBut perhaps the upgrades come from the company whispering that 4th quarter results will beat expectations, we'll know about that today after the close.

Estimates are calling for 22 cents EPS on $683.75 M in revenues.

The company beat estimates for EPS, which were $0.22 and the reported numbers were $0.30. Sales were just a touch below estimates, at $683 M vs $683.75 M expected.

Full year EPS was $0.90, so the stock's trailing earnings multiple is 13.3 versus the industry average of 29.

The stock was down 3.43% in after hours trading due to guidance for the 1Q 2007:

«Business Outlook

On the basis of our customers' forecasts, we have the following expectations for the first quarter of 2007:

--  Sales down 4% to 8% from the fourth quarter of 2006

--  Gross margin of approximately 22% to 23%

--  Net income in the range of $0.13 to $0.18 per diluted share»

But, analyst's average forecast was already calling for this slowdown in Q1, since revenues were expected to come in at $638.37 and EPS average estimate for that quarter was $0.15. If we consider the midpoint of the numbers the company is giving us now, we get $642 M in revenues and EPS of $0.155, so, a bit higher than expectations.

Overall, I think the company is on track to meet or beat the $1 EPS estimate for full year 2007, so the forward earnings multiple is about 11.5.

That's too cheap, the stock should at least double from current levels.

I'll continue holding AMKR.

David, I sold my AMKR on a past rally. Would todays weakness be a good place to buy back in?


                                      tia, mitch

Quote from: anvilring on February 08, 2007, 11:47:54 AM
David, I sold my AMKR on a past rally. Would todays weakness be a good place to buy back in?


                                      tia, mitch

Absolutely. It may go down some more, I'm not sure about the short term, but in a couple of months I see the stock trading above $12. People selling today don't know what they're doing, they just read "lower guidance, sequential revenue and earnings drop" and sell, but this outcome was already priced in. After profit taking and misinformed selling, the stock will be up again.

That has been the trend, and trends usually persist.

Yesterday's decline was due to selling because of the headline saying AMKR expected a sequential 4 - 8% revenue drop and EPS of $0.13 - $0.18 for Q1 2007, below the $0.30 reported in Q4 2006.

But this was actually slightly above expectations (if we consider the midpoint of guidance), which were for a 6.6% revenue decline and EPS of $0.15 for the quarter.

Revenue Expectation = $638.67 M ------> Midpoint of guidance = $642 M
EPS expectation = $0.15 ------------------> Midpoint of guidance = $0.155

The company is on track to meet or beat the 2007 revenue and EPS estimate, and that makes it, in my opinion, about 60% undervalued.

I'll keep holding AMKR, expecting it to breakout above the $12 resistance level.

AMKR's 2006 results were the best since 2000, when the stock was trading at $65 .

For the fiscal 2007 analyst's estimates are calling for EPS of $1.01 and for fiscal 2008 of $1.25. Since AMKR closed on Friday at $11.17, the 2007 earnings multiple is 11.06 and the 2008 earnings multiple is 8.94.

This is too cheap in my opinion. The stock should at least double to the low 20's to reflect the recent change in fundamentals and prospects. Well, it has been trending higher.

I'll keep holding AMKR.

AMKR is still building its ascending triangle pattern. I believe in a month from now AMKR will be clearly trading above $12.

Please quote this message on the 13th of March if I'm wrong, because I want to know if I'm wrong.

Thanks. In the meantime, to keep on holding AMKR is the right thing to do.

AMKR is acting as planned.

AMKR is banging on the $12 door and I believe it is just a matter of time for us to get a bullish breakout above that all important resistance level.

Nothing new on AMKR as it continues to test the $12 resistance level. It is building an ascending triangle formation.

Friday was a non event for AMKR, as the stock closed practically unchanged on below average volume.

Fundamentally, the people that sold after the earnings release due to "lower guidance" were wrong and should pay the price (or at least not get the reward) as the stock breaks out above $12.

But AMKR is already a $2.11 B market cap company, so it doesn't move all that fast, one need to be patient with it. I'll be patient and I'll keep on holding AMKR.

AMKR is about to breakout above the $12 resistance level. The technical target of such breakout is ($12-$9.64)+$12 = $14.36 (doesn't mean much).

Fundamentally I believe AMKR is worth something like $30 and I'll continue holding the stock.

AMKR continues to play with the $12 resistance level on low volume. My take is it will breakout on the bullish side, due to the ascending triangle pattern and the quite attractive fundamentals.

Yes, closed at $12.07. Hopefully this will drive people to buy/cover shorts, because this stock is way too undervalued, as you can read on the rest of this thread. I'll continue holding AMKR.

David AMKR is a better pick then IMOS for the semiconductors in your opinion?

I work for a semiconductor company that utilizes Amkor for assembly of packaged microchips. Amkor has been quite responsive, precise and diligent. They compete with Ambit and ASE, all in Taiwan, I believe. Amkor builds for large volume customers, like RFMD (if you own Nokia phone or Motorola Sliver, it most likely comes with a front-end RF device from RFMD). I can see Amkor business grow a lot as, for instance, my employer can potentially have a large win at Intel in 2007 that smells millions of packaged parts built at Amkor. I just bought the stock at $12... didn't have the money earlier, unfortunately.

Quote from: nullzero on February 23, 2007, 03:36:19 AM
David AMKR is a better pick then IMOS for the semiconductors in your opinion?

I believe AMKR has less risk and less upside potential than IMOS. Overall I believe AMKR is a superior pick for the Main Portfolio in the semiconductor space, because it is almost as cheap and has the comfort of being a US company reporting all the necessary SEC files for me to make a fair evaluation of the business. But IMOS has more potential, because it is a much smaller company and it is growing faster.

Good luck on both :)

Quote from: berloga on February 23, 2007, 08:53:11 AM

I work for a semiconductor company that utilizes Amkor for assembly of packaged microchips. Amkor has been quite responsive, precise and diligent. They compete with Ambit and ASE, all in Taiwan, I believe. Amkor builds for large volume customers, like RFMD (if you own Nokia phone or Motorola Sliver, it most likely comes with a front-end RF device from RFMD). I can see Amkor business grow a lot as, for instance, my employer can potentially have a large win at Intel in 2007 that smells millions of packaged parts built at Amkor. I just bought the stock at $12... didn't have the money earlier, unfortunately.

Thanks for the information berloga, and I believe you did well buying AMKR at $12.

The stock closed for the second day above the $12 resistance level on volume above average, further confirming the technical breakout. Fundamentally the company is on track to meet or exceed the 2007 EPS estimate, which stands at $1.01.

AMKR's 2007 earnings multiple is 12 and the Semiconductor - Integrated Circuits industry average is 27.

I'll continue holding AMKR.

AMKR looks like it's ready to explode..

A lot of semis seem to be on the verge of breaking out. 

Nothing new on AMKR, I'm just leaving the updated chart.

I'll take profits on AMKR due to my general market forecast (http://www.3stocksonfire.org/trading/index.php?topic=9050.msg90421#msg90421). Leaving the updated chart.

hi ,
shorted a small position in amkr at the failure to break  12 yet again on thursday in at 1180
cover at the 50ma  or see if it plunges straight through it  it.
glta. and be careful this coming trading week  .
maxi

fyi:
Amkor Tech's billionaire boss might be worth still more if he treated public shareholders with more respect.

Grand theory: you should own stocks of companies with big insider positions. The managers can make themselves rich only by making you better off, too. The prime example is Berkshire Hathaway (nyse: BRKA - news - people ), run by Warren Buffett, number two on our world rich list.

Exception to the rule: Amkor Technology (nasdaq: AMKR - news - people ). This should be a winner. It's the world's second-largest (2006 sales: $2.7 billion) semiconductor assembly and test firm, and it has a big insider stake. Chief Executive James Kim, 71, along with his family and related trusts, owned 46% of the common stock as of July 2006. That stake represents half of the Kim family's $2 billion estimated net worth, putting them at number 488 on our list of the world's richest people.

The Kims are extracting a nice stream of cash from Amkor. But the public shareholders are faring badly. The shares have fallen 13% since they were first offered to the public nine years ago, a period when the Nasdaq climbed 29%.

Here's the perverse result: Putting the family's interests ahead of those of public shareholders seems to have made the Kims poorer, not richer. The bad vibes on Wall Street have kept shares of Amkor to 12 times this year's expected earnings, versus an average multiple of 20 for its rivals. The difference now equates to $700 million in Kim family net worth.

Kim started Amkor in 1968 as the American sales and design partner of Anam Industrial (now Anam Semiconductor), a Korean semiconductor manufacturing services outfit founded by his father. In 1998 tech was hot and Amkor had $1.6 billion in sales, with earnings growing at a 26% annual clip. In the public offering in May of that year Kim unloaded 5 million shares for a gain of $55 million.

In 1999 Anam Semiconductor was in financial trouble. Amkor bailed it out by buying a factory in South Korea from Anam for $582 million. A year later Amkor spent $1.4 billion, most of it borrowed, in purchasing three more of Anam's factories, increasing its equity stake in Anam to 42% from 18%. Borrowing left Amkor in a weak position to deal with the downturn that hit the semiconductor business in 2001. Over the next few years Amkor divested its equity stake in Anam at a loss of $172 million and wrote down the value of its factories by $190 million.

In some ways Amkor behaves more like a private financing vehicle for the Kim family than like a public company. In 2005 it spent $19 million on contracts with members of the Kim family and companies owned in part or whole by Kim himself. That year Amkor handed out a $6 million contract to Kim's brother for catering services and a $500,000 engineering deal to another brother.

Kim installed his 37-year-old son, John T. Kim, Amkor's onetime investor relations boss, on the company's board in 2005. JooHo Kim, James' brother, is corporate vice president of the systems group. Until last year JooHo Kim and his family owned 58% of Anam Information Technology, which in 2004 sold $1.2 million of computer components to Amkor.

Last October Amkor announced it took a $106 million hit to earnings to make up for backdated stock options. In December federal prosecutors charged Amkor's former general counsel with making $290,000 in avoided losses and earnings by trading with inside information. (The lawyer has pleaded not guilty and is awaiting trial.)

In 2005 the lucky James Kim was permitted to buy $100 million in convertible notes paying 6.25% from Amkor. He can swap the notes at any time until 2013 for 13.4 million shares, currently worth $160 million. There were few other financing options available, says an Amkor spokesman. (Kim declined to be interviewed for the story.)

"Executives owning this much stock puts too much power in one set of hands," says Paul Hodgson, senior research associate at the Corporate Library, which gives Amkor a grade of D for corporate governance. "It makes it very difficult for the board to act independently." And, it seems, unbridled power can be a mixed blessing for insiders trying to build wealth.

AMKR looks like it still wants to break out of that ascending triangle formation, despite a nervy day on friday, it managed to rally well into the close.  Clear resistance at 12.15, the target of this pattern, should it break out would put 14.50 in play.

Math: 12.15 - 9.75 (base of the triangle) = 2.40 =+ breakout target 14.55.

ScottishTrader? This thing really looks like it wants to break out. Range today from 11.88 to 12.20 and closes .2 higher than previous close. You still looking at 12.15 as the resistence? Watching this looks like 2 tectonic plates shifting against one another waiting for it to explode into an earthquake of gaps (GAPQUAKE).  :D

fyi:
Amkor Technology initiated with "neutral"

Tuesday, March 13, 2007 7:37:39 AM ET
Credit Suisse

NEW YORK, March 13 (newratings.com) - Analysts at Credit Suisse initiate coverage of Amkor Technology Inc (AMKR.NAS) with a "neutral" rating. The target price is set to $12.75.

In a research note published yesterday, the analysts mention that the company has a unique business model, as compared to that of its peers in the back-end equipment market. The higher level of buyout activity is expected to boost the multiples of sub-contract manufacturers going forward, the analysts say. The unit cycle is likely to be bottoming in 1Q, Credit Suisse adds.

Here's a table with the stocks I've sold in 02-28-2007 and didn't buy back, with the respective change since then:

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=34739;image)

You can see there are winners and losers. It could be perceived as natural that I should now go after the stocks that are below my selling price, since that would confirm the rightness of the selling decision, but no, I want the winners, because those are the stocks the market is rewarding. I'm not worried about being right in the past, what I want is to be right in the future, and the stocks that are up are the one's that give me more confidence of continuing to go up, as trends persist and fundamental prospects are probably better on those stocks.

I also made a video analysis yesterday confirming AMKR is a sound long term investment, with an expected average annual return on investment of 20%:



The trading plan is:

Buy AMKR, 6.66% of capital as always.

Some of the major shareholders have been doing some shady things with the companies money. The major holder and his family have been treating the company like a personal piggy bank.

http://members.forbes.com/global/2007/0326/097.html?partner=yahoomag

Quote from: eggman11 on March 22, 2007, 11:11:45 AM
Some of the major shareholders have been doing some shady things with the companies money. The major holder and his family have been treating the company like a personal piggy bank.

http://members.forbes.com/global/2007/0326/097.html?partner=yahoomag

Thanks for the information. I view this as a significant limiting factor to AMKR's stock price. For a worst case scenario, go back and look at the history of Adelphia, which was a cable company which the owner family took public and then continued to use as a personal bank. the owners went to jail, the company went bankrupt and was eventually bought out. The situation laid out in the article can place a big drag on the stock price, inspite company growth.   Distrust of self serving owners/managers is currently very strong and is likely to remain so for a long time to come.
I bought AMKR this morning but will rethink the postion after further study.

Trade relaxed, trade happy, trade well

Hold Your Nose And Buy It.......

Bernie Schaeffer, chairman and CEO of Schaeffer's Investment Research and editor of the Option Advisor newsletter, recommends taking a long position in semiconductor packaging and test services company Amkor Technology

AMKR's testing procedures verify semiconductor function, current, timing and voltage. Some of the company's customers include Altera (nasdaq: ALTR), Freescale Semiconductor (nyse: FSL), Intel (nasdaq: INTC), IBM (nyse: IBM) and Texas Instruments (nyse: TXN).

Last month, the Chandler, Ariz.-based company reported a 9.5% rise in fourth-quarter earnings to $59 million on a 6.1% increase in revenue to $683 million. For all of 2006, net income was $170.1 million, or 90 cents per share, compared to a loss of $137.2 million, or 78 cents per share, in 2005. Revenue grew 6% to $2.73 billion.

Amkor has provided a bumpy ride for shareholders, peaking above $65 nearly seven years ago on March 24, 2000, then trading as low as $1.13 on Sept. 24, 2002, during the bear market. It recovered to $21.87 on Jan. 21, 2004, but by May 2005, it had retreated 86% to $3. It rallied again to $13 last spring, but dropped to $5 in early October. In the past five months, however, AMKR is up nearly 150%, closing Tuesday at $11.55.

Even though founder and billionaire James Kim has hardly run the company with an eye toward exemplary corporate governance. Amkor has been destructive of shareholder value since coming public in 1998--Schaeffer believes that there are catalysts to drive the stock higher.

"A combination of positive earnings surprises and strong technical momentum in the shares could attract momentum players," he says, "while its price-to-earnings ratio of less than 13 may attract valuation players, who might see value in the security when comparing AMKR's P/E ratio to the industry average of 30."

He points out that the shares leaped higher on the firm's positive earnings news and continued to rally along the support of their 10-day moving average. Short sellers are also trying to call a top to the security's rally. The number of AMKR shares sold short increased by more than 3% in February, to 12.6 million.

"This accumulation of bearish bets accounts for roughly 10% of the security's float and is almost four times the stock's average daily trading volume," he says. "An unwinding of these pessimistic positions could fuel additional gains in the equity."

"Even Wall Street has its doubts about the firm. Zacks reports that four of the five brokerage firms following AMKR rate it a 'hold' or worse," says Schaeffer. "This bearish configuration leaves ample room for potential upgrades and/or positive initiations from other brokerage firms."

52wk Range: 4.61 - 13.09
Volume: 3,927,798
Avg Vol (3m): 3,059,730

Technicals
Last Price Quote is:
6.68%above 13-day MA
13.01%above 50-day MA
RS Rating: 94 

Fundamentals
Key Data:
Market Cap (M): $992.00 
P/E Ratio: 10.78 
PEG Ratio: 0.4 
Next Earnings: N/A
Last Analyst Rating: B

That sure is a great and insightful article, thanks eggman11.

La-onda had posted it before and I read it before recommending buying back AMKR. As the article says, James Kim would be much richer if he had more respect for AMKR's minority shareholders, and from what I've heard over the latest conference call, the old man said he learned from past mistakes and the company is now working to build shareholder's value, above all.

The company just had its best year ever in revenue terms, with $2.728 B in revenues, growing 30% from 2005 levels (my long term estimate calls for just 15% average annual growth). The chart confirms things are getting better. I'll continue holding AMKR.

Recently there was an article about AMKR on Forbes magazine, which you can find here:

Hold Your Nose And Buy It (http://www.forbes.com/2007/03/14/amkor-ibm-altera-pf-ii-in_jd_0314gurusow_inl.html?partner=yahootix)

Another very positive fundamental development happened in March 15, 2007:

• Amkor Retires Convertible Subordinated Notes Due March 15, 2007 (http://biz.yahoo.com/bw/070315/20070315005833.html?.v=1)
Business Wire (Thu, Mar 15)

I'll keep holding AMKR.

AMKR keeps moving nicely to be upside, definitely leaving the $12 resistance level behind.

I believe the worries that make AMKR undervalued (in terms of revenue and EPS multiples) will unwind over the following quarters, as I see strong demand and not so bad corporate governance. The company just retired some convertible notes, I guess that shows respect and the will to work for the common shareholder.

I'll continue holding AMKR.

Small correction on AMKR, I'll keep holding it.

Nothing changed, I'll keep holding AMKR.

AMKR tagged the base of its channel today on intraday weakness.  Looked like a nice entry, so I jumped back in.  Fortuantely it managed to close above 12.15 resistance (though only just) Provided the market doesn't take a beating, I think i should continue to do well....

It is boring like hell, but I can't call the retest of the $12 support, prior resistance, anything else but "normal market behavior". I'll keep holding AMKR.

Analysts are slowly but surely raising their estimates for AMKR, and the future looks brighter than ever for this company:

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=35029;image)

Look how the 2008 EPS estimate rose from $0.96 to $1.25, recognizing the probable earnings growth trend going forward. As people build more confidence in AMKR's management ability to deliver strong results, the more the stock will close the valuation gap between AMKR and its industry peers in terms of earnings and revenue multiples:

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=35030;image)

I'll continue holding AMKR.

 ;)
AMKOR TECHNOLOGY INC. (AMKR.O: Quote, Profile , Research)

Current Prior Rating Overweight Neutral
--J.P. Morgan Securities said it upgraded the microchip testing and packaging company as the stock is undervalued, consensus estimates are overly pessimistic, and cyclical fundamentals are bottoming.
--The brokerage said it does not expect Amkor to be the target of an equity buyout, but a successful purchase of one or more of its competitors is likely to be a positive catalyst for the stock.
--JP Morgan raised its 2007 GAAP earnings estimates on the company to $1.27 from $1.23 and for 2008 to $1.67 from $1.61 on the expectation that Amkor will reduce its debt payments through additional capital structure improvement.

AMKR upgraded by JPM, look set to break to new highs  ;D ;D

AMKOR TECHNOLOGY INC. (AMKR.O: Quote, Profile , Research)

Current Prior Rating Overweight Neutral

Reuters Pictures

Editors Choice: Best pictures
from the last 24 hours.
View Slideshow

--J.P. Morgan Securities said it upgraded the microchip testing and packaging company as the stock is undervalued, consensus estimates are overly pessimistic, and cyclical fundamentals are bottoming.

--The brokerage said it does not expect Amkor to be the target of an equity buyout, but a successful purchase of one or more of its competitors is likely to be a positive catalyst for the stock.

--JP Morgan raised its 2007 GAAP earnings estimates on the company to $1.27 from $1.23 and for 2008 to $1.67 from $1.61 on the expectation that Amkor will reduce its debt payments through additional capital structure improvement. (Reporting by Neha Singh in Bangalore)

sounds good IMHO! David, any comments from your side?

tia
O.

Amkor Refinances $300 Million Term Loan
Monday April 2, 5:47 pm ET
CHANDLER, Ariz.--(BUSINESS WIRE)--Amkor Technology, Inc. (Nasdaq: AMKR - News) today announced that it's wholly owned Korean subsidiary, Amkor Technology Korea, Inc., has entered into a $300 million, 7-year secured credit facility with Woori Bank, a member of Woori Financial Group (NYSE:WF - News), one of the largest financial institutions in Korea. The loan will be guaranteed on an unsecured basis by Amkor Technology, Inc. The loan bears interest at Woori's base rate plus 50 bps (currently 6.6%, or approximately LIBOR + 125 bps) and amortizes in 28 equal quarterly payments through April 2014. The Woori loan remains subject to the approval of the Bank of Korea. Proceeds of the Woori loan, together with prepayment fees and accrued and unpaid interest, will be used to repay Amkor's existing $300 million second lien term loan, due October 2010, which bears interest at a rate of LIBOR + 450 basis points (currently 9.9%). This transaction will fully discharge all of Amkor's obligations under the second lien term loan and fully discharge subsidiary guarantees and collateral securitizing the second lien term loan. "In commencing this relationship with Woori Financial Group, we are expanding our banking relationships to include a strong financial partner in Asia," said Joanne Solomon, Amkor's Senior Vice President, Finance. "We are pleased with the structure and terms of this facility, which should allow us to substantially reduce our annual interest expense."
In connection with the early repayment of the second lien term loan, Amkor expects to record a charge of approximately $16 million in the second quarter of 2007, including $9 million in prepayment fees and $7 million to write off unamortized deferred debt issuance costs. We expect to incur approximately $2 million in debt issuance costs in connection with the Woori loan, which amount will be funded from existing cash.

Good morning La-onda, it seems JP Morgan knew about today's news:

QuoteJP Morgan raised its 2007 GAAP earnings estimates on the company to $1.27 from $1.23 and for 2008 to $1.67 from $1.61 on the expectation that Amkor will reduce its debt payments through additional capital structure improvement.

And the news today:

• Amkor Refinances $300 Million Term Loan (http://biz.yahoo.com/bw/070402/20070402006383.html?.v=1)
Business Wire (Mon 5:47pm)

One of AMKR's weak spots is the balance sheet, since the current ratio is just 1.35 and there are $1.82 B in long term debt. This news helps to ease the debt burden for this company. Without the debt AMKR would be extremely profitable, for example, in 2006, instead of $0.9 EPS, it would have earned more than double that, $1.85 EPS.

But of course, debt is there and it won't go away, it must be refinanced and paid back to increase profitability. Today's news is another step in that direction.

I'll keep holding AMKR.

It looks like JP Morgan provided some help in showing investors how AMKR is undervalued here, trading at just 10.7 times JPM's EPS estimates for 2007. The stock finally responded, up 5.7% on volume of 5.4 million shares traded.

First AMKR will close its valuation gap. And then we'll see how it grows from there. But there's no doubt AMKR is a HOLD here.

AMKR broke through key resistance at $13.10 as can be seen on the 2 year weekly chart, is now making new 2 year highs!!  And it just seems like it goes from strength to strength here....

Awesome ;D

As you know I've been working on a valuation model, and I've applied that model to AMKR. Here are the results:

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=35190;image)

Basically what this thing tells me is that with the current fundamental information I estimate AMKR will rise 36.5% a year, on average, for the next three years.

If line "share price CAGR" says a number above 16%, the stock is attractive, if it is below that, the stock is unattractive. The white lines are our working variables, that is, the things that can change going forward. The yellow lines are automatically calculated or already known facts.

So, for example, if we manipulate the first line, the "initial share price", with the rest constant, we see that AMKR goes from "YES" to "NO" (as a reply to the question "Attractive?") when the stock crosses $22.40. That would be my selling point according to this model.

As it is now, AMKR is very attractive and I'll keep holding it.

(now I'm thinking, I could have a line with that "$22.40" optimal selling point, and the percent gain from where we are today to that point - still working on this ;))

David,

So glad you came back to the site and are devoting sooooooooo much time and effort. With the recent gains I will continue to be a pioneer member.

basanlas

I'll reiterate that sentiment...Your work is top-notch! Putting a sell-point in your analysis would be a great addition.. I always find it difficult knowing when topullthe trigger.

David, applying an exit analysis is a fantastic idea.  It's said that a professional trader thinks as much about his exit strategy as his entry.  I love the direction 3SOF is taking.  Keep it up and don't forget us if you ever start your own fund! :)

Quote from: basanlas on April 04, 2007, 06:03:50 PM
David,

So glad you came back to the site and are devoting sooooooooo much time and effort. With the recent gains I will continue to be a pioneer member.

basanlas

Thanks for your support basanlas :)

Quote from: Dory99 on April 04, 2007, 06:40:24 PM
I'll reiterate that sentiment...Your work is top-notch! Putting a sell-point in your analysis would be a great addition.. I always find it difficult knowing when to pull the trigger.

Thanks Dory99, yes, I feel this is a great development to the strategy, instead of buying stocks looking for an above average long term return, the strategy shifted to a fundamentally based method of finding inefficiencies in the market place that ultimately lead to profits.

Quote from: trexkerry on April 05, 2007, 12:29:14 AM
David, applying an exit analysis is a fantastic idea.  It's said that a professional trader thinks as much about his exit strategy as his entry.  I love the direction 3SOF is taking.  Keep it up and don't forget us if you ever start your own fund! :)

Lol, that hedge fund is still at least four years away, but I'll let you know.

Warren Buffet would disagree with that idea for an exit strategy, as for him, the ideal stock holding should never be sold.

He looks to buy good companies that increase in value year after year, and that value increase is what he gets as a return on investment. I'm looking to buy stocks that are inefficiently priced, given a change in fundamentals, and then sell them when that inefficiency window closes.

My strategy is only possible because of the relatively small size of the Main Portfolio (http://www.3stocksonfire.org/3stocksonfire.php), when compared to a mutual fund size.

Let's run the model for AMKR again:

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=35261;image)

Wow, with Dory99's help on another thread, I was able to make the calculus for the optimal selling price automatically, I just needed to insert the following formula:

final estimated share price/(1.16^3) = optimal selling price

Thanks a lot :)

We can see from the model that AMKR isn't a spectacular pick, but still delivering a share price CAGR of 35.4%, way above the 16% minimum threshold.

http://www.marketwatch.com/news/story/amkor-repays-300-million-second/story.aspx?guid=%7B0B5B996D%2DAB70%2D4E41%2DBC02%2D2A21B0294D57%7D&sid=&symb=AMKR

CHANDLER, Ariz., Apr 09, 2007 (BUSINESS WIRE) -- Amkor Technology, Inc. (AMKR : amkor technology inc com
News , chart , profile , more
Last: 14.08+0.33+2.40%

7:17am 04/09/2007

AMKR today announced that its subsidiary Amkor Technology Korea, Inc. received approval from the Bank of Korea with respect to its $300 million 7-year secured credit facility with Woori Bank. The proceeds of this loan have been drawn and were used to refinance and refund the outstanding principal on Amkor's $300 million second lien term loan due October 2010. Together with an additional $12.1 million in prepayment fees and accrued interest funded by Amkor, this transaction fully discharges all of Amkor's obligations under the second lien term loan as well as the subsidiary guarantees and collateral securing the second lien term loan.
As previously announced, in connection with the early repayment of the second lien term loan, Amkor expects to record a charge of approximately $16 million in the second quarter of 2007, including $9 million in prepayment fees and $7 million to write off unamortized deferred debt issuance costs.

Thanks for posting the news JKN, those figures were already known. AMKR had a little pullback today, fundamentally nothing changed, I'll keep holding the stock, since the optimal selling price for AMKR, given by my new valuation model, is $22.39.

AMKR opened down because of the news JKN posted but naturally it came back up as the news was already known and the market only cares about the future, not the immediate charges and penalties for paying back that $300 M loan with another loan on more favorable terms. This will increase long term profitability and that's what investors look for when they buy a stock.

According to my estimates the optimal selling price for AMKR is $22.39, I'll keep holding the stock as it closed at $13.91.

Nothing new on AMKR today, I'll keep holding the stock.

AMKR has been making stellar progresses recently, in terms of negotiating its debt on better terms, the substantial reduction in historical dilution rates, the revenue growth and the net profit margin expansion.

This fundamental improvement has been so significant that I've decided to change the 4th variable of the valuation model, the EPS multiple estimate, from 20 to the Semiconductor - Integrated Circuits industry average of 25.45.

Results are as follows:

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=35540;image)

The estimated share price CAGR is 44.3% and the optimal selling price today is $26.84 (that would be the price where, with the current fundamental trends, AMKR would be expected to start returning less than 16% a year).

I'll keep holding AMKR.

People keep on taking profits and suspecting AMKR's ability to rise, and the stock keeps coming back by the end of the session, as the trend, that good old friend of ours, is bullish and it will remain bullish, because the stock is fundamentally attractive:

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=35617;image)

According to my estimates, the expected share price compound annual growth rate for the next 3 years will be 44.6% and given this the optimal selling price today is $26.84.

I'll keep on holding AMKR.

Press Release Source: Amkor Technology, Inc.


Amkor Recognized for Excellence by Texas Instruments
Monday April 16, 7:30 am ET


CHANDLER, Ariz.--(BUSINESS WIRE)--Amkor Technology, Inc. (Nasdaq: AMKR - News) today announced that Amkor's Taiwan-based operations has been presented with a Texas Instruments (TI) 2006 Supplier Excellence Award for its role in supporting the manufacture of TI DLP® products.


The award, given annually, honors firms whose dedication and commitment in supplying products and services meet TI's high standards for excellence. Recipients are an elite group of suppliers chosen for their exemplary performance in the areas of Cost, Environmental Responsibility, Technology, Responsiveness, Assurance of Supply, and Quality.

The presentation to Amkor personnel will be made by a management team from TI's DLP group in the near future.

"Amkor has been instrumental in supporting our manufacturing needs for TI DLP products," said John Van Scoter, Senior Vice President Texas Instruments and general manager DLP Products. "They have provided additional flexibility in our supply chain to support our customer needs and have grown with TI as demand for DLP products continues to strengthen. This award recognizes the collaborative relationship between Amkor and Texas Instruments that has developed over the last 5 years. We look forward to the continuing support that Amkor provides for DLP products."

"The TI Supplier Excellence award is a public recognition of the ongoing efforts that Amkor's T1 factory in Taiwan has made to provide the highest level of manufacturing expertise to support this very demanding technology," said Oleg Khaykin, Amkor's Executive Vice President & Chief Operating Officer. "We look forward to continued support of Texas Instruments and their exciting DLP line of products."

About Amkor

Amkor Technology, Inc. (Nasdaq: AMKR - News) is a leading provider of advanced semiconductor assembly and test services. The company offers semiconductor companies and electronics OEMs a complete set of microelectronic design and manufacturing services. More information on Amkor is available from the company's SEC filings and on Amkor's web site: www.amkor.com.

DLP is a registered trademark of Texas Instruments

Contact:
Amkor Technology, Inc., Chandler
Jeffrey Luth
VP Corporate Communications
480-821-5000 ext. 5130
[email protected]

--------------------------------------------------------------------------------
Source: Amkor Technology, Inc.


52wk Range: 4.61 - 14.30
Volume: 2,554,928
Avg Vol (3m): 3,251,100

Technicals
Last Price Quote is:
4.11%above 13-day MA
14.60%above 50-day MA
RS Rating: 93 

Fundamentals
Key Data:
Market Cap (M): $2,466.81 
P/E Ratio: 15.52 
PEG Ratio: 1.12 
Next Earnings: 05/01/2007
Last Analyst Rating: Neutral

"AMKR" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders.  ;D                                           
All history on a stock pick in 1 thread is awesome.   ;)                                       
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock.    :(                   
Thank You....and good luck with all your trades....make some $$$  ;)     

AMKR is warming up to push to new highs above $14.3.

My valuation model says AMKR should only be sold at $27.51, given current and expected fundamental trends:

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=35699;image)

There was a positive news release yesterday:

• Amkor Recognized for Excellence by Texas Instruments (http://biz.yahoo.com/bw/070416/20070416005238.html?.v=1)
Business Wire (Mon 7:30am)

The news doesn't impact any of my four working variables.

I'll keep holding AMKR.

Just bought some shares of AMKR on the 4.25% pullback.
Perfect buying opportunity guys!

Wxmang

Quote from: wxmang on April 17, 2007, 02:20:08 PM
Just bought some shares of AMKR on the 4.25% pullback.
Perfect buying opportunity guys!

Wxmang

I believe you did well buying AMKR on the dip Wxmang, as my valuation model says it is worth a good chunk more than the current price:

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=35742;image)

Technically the stock may meet the ascending 50 days SMA, but the trend is bullish.

I'll continue holding AMKR.

Charges Filed Against Ex-Amkor Exec

WASHINGTON (AP) -- The executive who was responsible for prohibiting insider trading by Amkor Technology Inc. employees has been charged with repeatedly engaging in the practice himself.
The Securities and Exchange Commission on Wednesday accused Amkor's former general counsel, Kevin Heron, of trading in Amkor securities based on inside information about the company's business. Regulators said Heron made about $290,000 in profits, representing both money earned and losses avoided.

Heron was general counsel, chief insider trading compliance officer, and corporate secretary for Amkor. He was fired in September 2005 from the Chandler, Arizona-based technology company. Heron's attorney couldn't immediately be reached for comment.


http://biz.yahoo.com/ap/070418/sec_amkor.html?.v=1

Quote from: superpippo on April 19, 2007, 03:23:41 AM
Charges Filed Against Ex-Amkor Exec

WASHINGTON (AP) -- The executive who was responsible for prohibiting insider trading by Amkor Technology Inc. employees has been charged with repeatedly engaging in the practice himself.
The Securities and Exchange Commission on Wednesday accused Amkor's former general counsel, Kevin Heron, of trading in Amkor securities based on inside information about the company's business. Regulators said Heron made about $290,000 in profits, representing both money earned and losses avoided.

Heron was general counsel, chief insider trading compliance officer, and corporate secretary for Amkor. He was fired in September 2005 from the Chandler, Arizona-based technology company. Heron's attorney couldn't immediately be reached for comment.

http://biz.yahoo.com/ap/070418/sec_amkor.html?.v=1

Thanks for posting the news superpippo, AMKR always had poor corporate governance. But things seem different now. And look at the press release just out, there's huge growth in some of the company's products:

• Amkor PoPs Cork for Fast Growing Package on Package Solution (http://biz.yahoo.com/bw/070418/20070418006116.html?.v=1)
Business Wire (Wed 4:30pm)

AMKR has 45% of a market that is expected to double in 2007 and almost double again in 2008. I don't know the size of this POP cork market, let me investigate that ... I couldn't find the size of the market.

But this might be a clue for me to revise my revenue CAGR estimate to more than the current 15% (the number on the model is 1.15 (http://www.3stocksonfire.org/fundamental.model.php?ticker=AMKR&portfolio=main)).

Anyway, even leaving it the way it is, AMKR is very attractive with an optimal selling price of $28.13, that is, 106% more than yesterday's closing price. I'll keep holding AMKR.

The past said "go down":

• UPDATE - US SEC accuses ex-Amkor exec of insider trading (http://us.rd.yahoo.com/finance/external/reuters/SIG=11vg30000/*http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh97553_2007-04-18_20-14-28_n18381419_newsml)
at Reuters (Wed 4:14pm)

The future said "go up":

• Amkor PoPs Cork for Fast Growing Package on Package Solution (http://biz.yahoo.com/bw/070418/20070418006116.html?.v=1)
Business Wire (Wed 4:30pm)

And of course, the stock went up after the lower open, because the market always looks to the future, not the past.

AMKR's valuation model says the stock should only be sold at $28.13 (http://www.3stocksonfire.org/fundamental.model.php?ticker=AMKR&portfolio=main), I'll keep holding AMKR.

Here are some nice words for AMKR on Business Week (but the article isn't new, it is 4 month old):

The Amkor Story

Growth, of course, is not a given. And these companies demonstrated a combination of innovation, specialization, and good old-fashioned financial responsibility. Consider the case of Amkor Technology (AMKR), a Chandler (Ariz.)-based semiconductor manufacturing services company that wound up at the top of the list.

Amkor's job is turning silicon wafers into finished chips, then testing them to make sure they work. It's a necessary but costly bit of silicon toil that companies such as Intel and IBM, among others, have for years seen fit to outsource to companies like Amkor, Tawian's ASE Test (ASTSF) and SiliconWare Precision Industries (SPIL). And Amkor's business, says analyst Bill Ong with American Technology Research in San Francisco, is an indicator of the wider semiconductor industry, and its success in the last year owes much to plain old financial discipline.

For years, Ong says, Amkor would plan its capital expenditures around chip demand forecasts from chipmakers. But in recent years, with chip demand becoming more difficult to predict reliably, its customers have been required to pay up front. It has also declined to compete on price. "If they're competing against someone else with a lower price, they will walk away from low profit-margin business," he says. That has helped the company turn a $137 million loss for its fiscal year 2005 into a $165 million profit for the 12 months ended Sept. 30. Meanwhile, sales surged 41%, to $2.7 billion.

Amkor was one of several companies that were affected by the surge in demand for memory chips that started in late 2005 and continued through the first half of 2006 before tapering off. Demand for NAND-type flash memory—the type of flash chip used primarily to store data—surged dramatically in 2005, around the same time that Apple launched its iPod nano music player, which uses NAND flash chips instead of a hard drive to store music.»

I especially enjoyed the following two parts:

1) 41% revenue growth, and I have just 15% expected in my valuation model (http://www.3stocksonfire.org/fundamental.model.php?ticker=AMKR&portfolio=main)

2) Walking away from competition on price will make the net profit margin grow fat. It was 6.3% in 2006 and I'm expecting just 7.5% going forward, but it is possible that actual results come in better.

I'll keep holding AMKR.

I believe there's some upside potential to my AMKR estimates (http://www.3stocksonfire.org/fundamental.model.php?ticker=AMKR&portfolio=main), but even if they stay the way they are now, AMKR will deliver 46% share price CAGR and the optimal selling price today is $28.13, so I'll continue holding AMKR.

AMKR closed at a new 52 week high of $14.17, even though the candlestick on the chart looks somewhat bearish (I don't care about candlesticks, they're too short term oriented). Volume was quite high, at 6.4 million shares.

My valuation model says the stock will be worth $43.91 (http://www.3stocksonfire.org/fundamental.model.php?ticker=AMKR&portfolio=main) by the end of 2009, and with that information the optimal selling price today is $28.13 (at that price the stock would start returning less than 16% a year, according to my estimates).

I'll keep holding AMKR.

Another 52 week high for AMKR. I'll keep holding the stock, since my valuation model says the optimal selling price is 93% higher than yesterday's close (http://www.3stocksonfire.org/fundamental.model.php?ticker=AMKR&portfolio=main).

AMKR's results will also be out next Tuesday. Expectations are pretty low for this quarter, so probably the company will beat estimates. My valuation model says the stock is getting even more attractive, because the Semiconductor - Integrated Circuits industry average earnings multiple has been rising.

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=36238;image)

The stock closed at a new 52 week high yesterday. I'll continue holding AMKR.

Zack's also like AMKR:

«Amkor Technology, Inc. (Nasdaq: AMKR), a Zacks #1 Rank (Strong Buy) company, posted fourth-quarter results in early February. Earnings per share totaled 30 cents, outpacing the consensus by 36%. AMKR said its fourth quarter saw continued strong demand in 3D package solutions and Flip Chip packages for high performance applications, including all three major game consoles, networking and communications modules, offset by a decline in demand for packages supporting wireless and other mobile devices. The company's price-to-sales ratio stands at 0.95, and it experienced earnings per share profitability of $1.04 over the past 12 months. Results for the second quarter will available on May 1, 2007.»

Results will be out tomorrow after the close, and the company's guidance is:

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=36333;image)

A relatively slow quarter is priced in, so I guess there's room for a positive surprise. The one time charge relative to the $300 M debt refinance will only hit in Q2 2007.

I'll keep holding AMKR.

AMKR had a 4.3% sell off today, on average volume of 3.7 million shares changing hands. I guess people are afraid of the earnings report that will be out tomorrow after the close. Obviously I'm not afraid of earnings news, since I need them to profit over the long term.

Due to immaterial changes to the 2006 10-K report filed with the SEC at February 26, 2007 we got a brand new share count today of 179,424,027 shares outstanding, which is consistent with the 2% dilution factor I have on my valuation model, since the share count rose about 0.7% in Q1 2007 from Q4 2006 (well, probably a 3% dilution factor suits better after all, let me make that change).

There was also a multiple contraction at the Semiconductor - Integrated Circuits industry, as the Nasdaq went down today. Still, the valuation model results (http://www.3stocksonfire.org/fundamental.model.php?ticker=AMKR&portfolio=main) paint a very rosy picture for AMKR.

I'll hold the stock through the Q1 earnings release, I'm particularly interested in earing about guidance for the next quarter and hopefully for the full year (they usually just talk about the next quarter).

Q1 results for AMKR were out after the close:

• Amkor Reports First Quarter Sales (http://biz.yahoo.com/bw/070501/20070501006438.html?.v=1)
Business Wire (Tue 4:05pm)

Revenue and sales came in above the Street estimates, with sales of $651 M against estimates of $640.5 M. And EPS was $0.18 against the $0.15 consensus estimate.

Let me analyze the results in light of variables I need to estimate in my valuation model:

1) Dilution factor

One thing caught my attention and I sure didn't like it:

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=36420;image)

The # of shares outstanding on a fully diluted basis increased 15,776,000, or 8.27% since Q1 2006. This will make me increase my dilution factor from 1.03 to 1.083. Management continues not to work in the best interests of the company's shareholders.

2) Revenue CAGR

As you know I had 15% (or 1.15 in the valuation model) as a revenue CAGR estimate for AMKR. But sales were up just 1% in Q1 2007 from Q1 2006 levels. And, according to the company's guidance for Q2, revenue is expected to be down 1.8% from Q2 2006.

So I can't maintain a revenue CAGR estimate of 15%. Well, considering the second half probably will be stronger than the 1st half, let's put it at 5% (or 1.05).

3) Net Profit Margin estimate

Net profit margin in Q1 was 5.3%. Considering the second half of the year will show stronger sales I believe I'm able to maintain my 7.5% net profit margin estimate.

4) EPS multiple estimate

The Semiconductor - Integrated Circuits industry (http://finance.yahoo.com/q/co?s=AMKR) is trading at an average EPS multiple of 28.25. That's going to be my EPS multiple estimate for AMKR.

Let's roll the model:

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=36421;image)

Brrrr, expectations were considerably cut. I'm starting to wonder if I shouldn't look for at least 35% expected share price CAGR, since I'm looking for a 30 - 40% long term annual return on my investment. The way the optimal selling price is calculated, it considers I'm interested in 16 - 25% returns, which I'm not.

This strategic change would make AMKR not attractive, and probably I'm going to make it, because it makes sense to me.

Therefore the trading plan for AMKR is SELL, I need to look for more attractive holdings.

CHANDLER, Ariz., Jun 11, 2007 (BUSINESS WIRE) -- Amkor Technology, Inc. (AMKR, Trade) today announced that it has repaid, from cash on hand, the outstanding $21.9 million aggregate principal balance of its 10.5% Senior Subordinated Notes due May 01, 2009.

About Amkor

Amkor Technology, Inc. (AMKR, Trade) is a leading provider of advanced semiconductor assembly and test services. Amkor offers semiconductor companies and electronics OEMs a complete set of microelectronic design and manufacturing services. More information on Amkor is available from our SEC filings and on our web site: www.amkor.com.

SOURCE: Amkor Technology, Inc.


Amkor Technology, Inc. 
Investor Relations, 480-821-5000, ext. 5388 

Copyright Business Wire 2007


Today's closing chart.......

AMKR : Buy alert was given : could be time for bounce JMO
I have no position

AMKR : up +0.40 so far from alert I posted this morning
Goodluck trading

Quote from: wrangler on November 28, 2007, 09:06:15 AM
AMKR : Buy alert was given : could be time for bounce JMO
I have no position

Would've made a great bounce play

I think it has the looks of a,
Head and Shoulders Bottom (reversal) Pattern here.......
Time for a move up again target $11.50 to $12.00,
JMHO... looking to close the gap.

Support @ $7.71
Resistance @ $8.67...9.53...9.94

Recent CandleStick Analysis
Bullish
Dec-12-2007 Homing Pigeon 


52wk Range: 7.60 - 16.29
Volume: 1,354,408
Avg Vol (3m): 2,346,660

ER last night

ER last night

Quote from: BigSully1 on February 14, 2008, 10:42:46 AM
ER last night

Awesome results :o

• Amkor Reports Strong Fourth Quarter 2007 Results (http://biz.yahoo.com/bw/080213/20080213006285.html?.v=1)
Business Wire (Wed, Feb 13)

This stock went down from $16 to $6 while fundamentals kept improving ... the market works in strange ways, sometimes discounting totally wrong scenarios. This is why one is better off trusting is own judgment than the market's judgment, thinking with his own head instead of following the crowd. Of course, one needs to be objective and not fall into hoping and wishing. He also needs to be humble and recognize when he made a mistake, a mistake that needs to be corrected.

Coming back to AMKR, $0.46 quarterly EPS was the highest in the company's history, going back to 1997. 

Now analysts estimate AMKR (http://finance.yahoo.com/q/ae?s=AMKR) will earn $1.22 in 2008 (up from $1.11 in 2007) and $1.39 in 2009. The growth rate expected for 2009 is about 14% and the forward EPS multiple is 8.1. This is cheap.

I guess the multiple will equal the growth rate in the current bull run, this would mean AMKR would run to a value of $19.46 a share.

I feel like buying it back (I sold it at $13.71 in the past - it's a pity I didn't buy it back in the $6-$8 range) now ... but I'm fully invested and not thinking of selling anything for now.

Good luck if you own AMKR :)

It's funny reading what I wrote just above, in the days of my ignorance (which unfortunately persist, hopefully a little less).

AMKR is "cheap", if "cheap" means valued at a discount relative to its peers. Even yesterday AMKR reported higher than expected results:

Amkor Technology 1Q profit more than doubles on sales (http://biz.yahoo.com/ap/080430/earns_amkor.html?.v=1)
AP (Wed 5:44pm)

The stock was up 10% in after hours trading.

AMKR is cheap, most people can see that through simple calculus and comparisons. But why?

It is cheap because of the following:

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=45283;image)

(sorry for the scroll)

Ok, you see there are 7 analysts providing estimates for 2008 ($1.17 EPS), 6 analysts with estimates for 2009 ($1.36 EPS), but just one single analyst providing estimates for 2010, and he's calling for a drop in EPS to $0.13.

The guy making this 2010 call is Timothy Arcuri, from Citigroup:

(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=45284;image)

Actually, yesterday, due to stronger than expected results, he raised his 2010 EPS estimate from $0.13 to $0.14 (wow) and maintained his SELL rating (you have the full report attached below).

On March 18th, 2008, the referred analyst wrote a report called:

Why AMKR Can Go Back to $8; Reiterate Sell

(you also have this one below)

His calls and predictions are the main reason why AMKR is valued at a discount versus its peers. Now, two things may happen: other analysts risk more and also make calls for 2010, potentially raising the 2010 EPS estimate or else, this Citigroup analyst changes his mind. I guess one of these would be really strong catalysts for AMKR to correct its discount and potentially trade at a premium. While none of these happens, every rally will probably be met with selling pressure, as AMKR trades between, say, $8 and $12.

AP
Amkor Technology expects 2Q profit above analyst estimates
Wednesday April 30, 5:52 pm ET 
Amkor Technology forecasts 2nd-quarter profit above Wall Street estimates; shares rise


CHANDLER, Ariz. (AP) -- Microchip chip assembly and test company Amkor Technology Inc. on Wednesday forecast second-quarter profit above Wall Street forecasts.
The company anticipates profit of 32 cents 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 from their estimates.

Amkor also predicted sales would rise 1 percent to 3 percent from the first quarter, implying revenue of approximately $706.5 million to $720.5 million. Analysts forecast sales of $700.6 million.

Shares in the Chandler, Ariz.-based company rose 94 cents, or 9.8 percent, to $10.49 in after-session trading following the release of the second-quarter outlook. The stock earlier slipped 5 cents to close at $9.55.

AP
Amkor Technology 1Q profit more than doubles on sales
Wednesday April 30, 5:44 pm ET 
Amkor Technology 1st-quarter profit more than doubles on wireless and network sales


CHANDLER, Ariz. (AP) -- Microchip assembly and test company Amkor Technology Inc. said Wednesday its first-quarter profit more than doubled on an increase in wireless and network sales and a gain on currency transactions.
Shares in the Chandler, Ariz.-based company rose 10 percent to $10.50 in after-session trading following the release of the first-quarter results.

Net income rose to $72 million, or 36 cents per share, compared with $34.6 million, or 18 cents per share, in the 2007 first quarter.

Income included $9.5 million earned on foreign currency translations, primarily on the depreciation of the Korean won.

Sales rose 7.5 percent to $699.5 million, compared with $651 million in 2007.

Analysts polled by Thomson Financial expected profit of 26 cents per share on sales of $700.6 million.

Chief Executive James Kim said the company exceeded its sales and profitability targets on wireless and networking application demand.

updated chart look... ;D ;)

Undervalued/pullback in uptrend.......
AMKR is very undervalued: PSR is .58 vs industry avg of 6.07; PCF is 3.20 vs 33.50; P_Bk 2.43 vs 3.76.

Amkor Technology, Inc. is the largest subcontractor of semiconductor packaging and test services. Provides a wide portfolio of packaging and test technologies and services; Maintains a primary role in the design and development of new package and test technologies; Cultivates long-standing relationships with customers, including many of the world's foremost semiconductor companies; Develops expertise in high-volume manufacturing processes to provide services; and Provides a broadly diversified operational scope, with production capabilities in China, Korea, Japan, the Philippines, Singapore, Taiwan and the United States U.S. Packaging and test are integral parts of the process of manufacturing semiconductor devices. This process begins with silicon wafers and involves the fabrication of electronic circuitry into complex patterns, thus creating large numbers of individual chips on the wafers. The fabricated wafers are probed to ensure the individual devices meet design specifications. The packaging process creates an electrical interconnect between the semiconductor chip and the system board through wire bonding or bumping technologies. In packaging, individual chips are separated from the fabricated semiconductor wafers, attached to a substrate and then encased in a protective material to provide optimal electrical connectivity and thermal performance. The packaged chips are then tested using sophisticated equipment to ensure that each packaged chip meets its design specifications. The principal materials used in its packaging process are leadframes or laminate substrates, gold wire and mold compound. The semiconductor packaging process uses chemicals and gases and generates byproducts that are subject to governmental regulations. As of December 31, 2005, Amkor had 24,000 full-time employees.


Technicals
13-day EMA Cross Above 50-day MA
Close Above the 50-day MA
Close Above the 13-day MA
Gap Up
Percentage Gainer

Last Price Quote is:
7.81%above 13-day MA
8.45%above 50-day MA
RS Rating: 63 

Fundamentals
Analyst Upgrade to Buy

Key Data:
Market Cap (M): $1,942.66 
P/E Ratio: 8.28 
PEG Ratio: 0.86 
Next Earnings: 08/05/2008
Last Analyst Rating: Buy

 ;)
Amkor Technology upgraded to buy from neutral at American Technology Research
Monday , June 16, 2008 21:50ET

SAN FRANCISCO, Jun 17, 2008 (Thomson Financial via COMTEX) -- Shares of Amkor Technology Inc. rallied Monday after American Technology Research upgraded the stock to buy from neutral, citing demand strength for high-end handsets that will likely require increased stacked die assembly and packaging through the second half of 2008.

The Chandler, Ariz.-based company provides semiconductor packaging and test services.

A recent enterprise resource planning system disruption at Amkor's Philippines facility in early May also appears to be contained and is well understood by investors, the broker said.

"Amkor has strong customer exposure in the communications segment from most of the major handset and communications related chip customers," analyst Bill Ong said in a note to clients.

He raised per-share profit estimates for 2008 and 2009 to $1.38 and $1.45, respectively. The mean estimates of analysts polled by Thomson Reuters were per-share profits of $1.33 in 2008 and $1.36 in 2009. Ong has a price target of $14 on the stock.

Amkor shares were trading up 11% at $11.75. Brigid Gaffikin bg/pc

Press Release Source: Amkor Technology, Inc.


Amkor Technology to Announce Fourth Quarter 2008 Financial Results on February 12, 2009
Tuesday January 20, 1:41 pm ET


CHANDLER, Ariz.--(BUSINESS WIRE)--Amkor Technology, Inc. (Nasdaq:AMKR - News), will issue its financial results for the fourth quarter of 2008 after the close of trading on the NASDAQ Global Market on Thursday, February 12, 2009. At 5:00pm Eastern Time, Amkor management will host a conference call to discuss the company's financial results.


This call is being webcast by Thomson Financial and can be accessed at Amkor's web site at www.amkor.com. You may also access the call by dialing 303-228-2960. A replay of the call will be made available at Amkor's web site or by dialing 303-590-3000 (access passcode # 11124867).

The webcast is also being distributed over Thomson Financial's Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through Thomson Financial individual investor center at www.companyboardroom.com or by visiting any of the investor sites in Thomson Financial's Individual Investor Network. Institutional investors can access the call via Thomson Financial's password-protected event management site, StreetEvents (www.streetevents.com).

About Amkor

Amkor is a leading provider of semiconductor assembly and test services. The company offers semiconductor companies and electronics OEMs a complete set of microelectronics design and manufacturing services. More information on Amkor is available from the company's SEC filings and on Amkor's website: www.amkor.com.


Contact:
Amkor Technology, Inc.
Laura Doern, 480-821-5000 ext. 5388
[email protected]

--------------------------------------------------------------------------------
Source: Amkor Technology, Inc.



52wk Range: 1.33 - 12.70
Volume: 1,111,408
Avg Vol (3m): 2,042,850
Market Cap: 508.84M
P/E (ttm): 2.14
EPS (ttm): 1.30
Div & Yield: N/A (N/A)

Technicals
Last Price Quote is:
11.60%above 13-day MA
2.78%above 50-day MA
RS Rating: 28 

Fundamentals
Earnings Expected on Feb 12

Key Data:
Market Cap (M): $424.64 
P/E Ratio: 1.78 
PEG Ratio: N/A 
Next Earnings: 02/12/2009
Last Analyst Rating: Hold

updated chart look...

updated chart look...

The Golden Cross...


52wk Range: 1.33 - 11.82
Volume: 3,159,022
Avg Vol (3m): 2,963,440

Technicals
Last Price Quote is:
5.08%above 13-day MA
21.03%above 50-day MA
RS Rating: 90 

Fundamentals
Key Data:
Market Cap (M): $891.38 
P/E Ratio: 2.22 
PEG Ratio: N/A 
Next Earnings: 08/04/2009
Last Analyst Rating: Hold

Amkor Technology announces succession plan
Amkor Technology president Ken Joyce to become CEO Oct. 1 as part of succession plan
On Monday June 29, 2009, 5:14 pm EDT

NEW YORK (AP) -- The president and chief operations officer of microchip assembly and test company Amkor Technology Inc. will become CEO later this year, as part of a succession plan the company announced Monday.

The Chandler, Ariz.-based company said Ken Joyce will become CEO and president effective Oct. 1. He will also join the company's board of directors.

The company's current founder, chairman and CEO, James Kim, will become executive chairman of the board of directors.

Joyce joined Amkor in 1997 and worked as executive vice president and chief financial officer for eight years until becoming chief administrative officer in 2007. He became chief operating officer in February 2008, and president in May 2008.

Company officials did not immediately return calls seeking comment.

Shares rose 19 cents, or 4.21 percent, to close at $4.70 for the day.


52wk Range: 1.33 - 10.87
Volume: 3,207,162
Avg Vol (3m): 2,966,650

Technicals
Close Above the 13-day MA

Last Price Quote is:
2.86%above 13-day MA
11.39%above 50-day MA
RS Rating: 88 

Fundamentals
Key Data:
Market Cap (M): $825.49 
P/E Ratio: 2.22 
PEG Ratio: N/A 
Next Earnings: 08/04/2009
Last Analyst Rating: Hold

CHANDLER, Ariz., Jul 10, 2009 (BUSINESS WIRE) -- Amkor Technology, Inc. (AMKR, Trade ), will issue its financial results for the second quarter of 2009 after the close of trading on the NASDAQ Global Market on Wednesday, July 29, 2009. At 5:00 p.m. Eastern Time, Amkor management will host a conference call to discuss the company's financial results.

This call is being webcast by Thomson Financial and can be accessed at Amkor's website at www.amkor.com . You may also access the call by dialing 877-941-9205. A replay of the call will be made available at Amkor's website or by dialing 800-406-7325 (access passcode # 4108562).

The webcast is also being distributed over Thomson Financial's Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through Thomson Financial individual investor center at www.companyboardroom.com or by visiting any of the investor sites in Thomson Financial's Individual Investor Network. Institutional investors can access the call via Thomson Financial's password-protected event management site, StreetEvents ( www.streetevents.com ).

About Amkor

Amkor is a leading provider of semiconductor assembly and test services. The company offers semiconductor companies and electronics OEMs a complete set of microelectronics design and manufacturing services. More information on Amkor is available from the company's SEC filings and on Amkor's website: www.amkor.com .

SOURCE: Amkor Technology, Inc.


Amkor Technology, Inc.
Patty Bruner, 480-559-5454
[email protected]

TheFortuneFinancial.com Free Market Research on PBCT, TSFG, ROST, VPHM, SBUX and AMKR
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by TheFortuneFinancial.com.
Press Release
Source: The Fortune Financial
On Wednesday July 8, 2009, 7:11 am EDT
Companies:Amkor technology, inc.People's united financial inc.Ross stores inc.
TheFortuneFinancial.com provides the highest level of independent research and investment strategies with the sole purpose of consistently identifying stocks that provide the biggest return on investment for our subscribers. Investors seeking free and unbiased analyst opinions on the companies mentioned in this release are encouraged to register at http://www.thefortunefinancial.com/index.php?id=78 for a free subscription to access these reports.

Today, we have asked some of the top analysts worldwide to give us their updated feedback regarding the current market activity and position on People's United Financial Inc. (NASDAQ:PBCT - News), The South Financial Group (NASDAQ:TSFG - News), Ross Stores Inc. (NASDAQ:ROST - News), ViroPharma Incorporated (NASDAQ:VPHM - News), Starbucks Corporation (NASDAQ:SBUX - News) and Amkor Technology Inc. (NASDAQ:AMKR - News).

To have free access to these analyst opinions, sign up now to www.thefortunefinancial.com by clicking the link below. We have other reports that could be of interest to you and they are free of charge with no strings attached.

http://www.thefortunefinancial.com/index.php?id=78

All analyst reviews will be posted for free under "today's articles" within 24 hours they are advertized online.

Each interview will vary and may include, but will not be limited to the following:



�
-  An Unbiased View of the Company
-  Short-term Target Prices
-  Long-term Resistance and Support Levels
-  Analyst Opinions
-  Sector Review
-  Competition Overview


Investors looking to access these analytical opinions and reports are encouraged to sign up now at http://www.thefortunefinancial.com/index.php?id=78

Being a member with www.thefortunefinancial.com gives the unique opportunity to receive a free "custom stock review" on any large cap equity you currently hold in your portfolio. Simply sign up for your free membership today, and in the members section of www.thefortunefinancial.com, you can submit your stock review to an analyst for his or her opinion of any stocks you currently following by filling out the form under the tab "request a stock review."

TheFortuneFinancial.com is not affiliated or compensated by any of the above mentioned companies, nor do we own a position in any of the companies.

Contact:
NASDAQ:PBCT NASDAQ:ROST NASDAQ:TSFG NASDAQ:VPHM NASDAQ:SBUX NASDAQ:AMKR 

Amkor Technology to Announce Second Quarter 2009 Financial Results on July 29, 2009

Updated chart scene...

52wk Range: 1.33 - 9.54
Volume: 5,496,651
Avg Vol (3m): 3,040,880

Technicals
Percentage Gainer

Last Price Quote is:
6.88%above 13-day MA
13.29%above 50-day MA
RS Rating: 86 

Fundamentals
Key Data:
Market Cap (M): $852.94 
P/E Ratio: 2.22 
PEG Ratio: N/A 
Next Earnings: 08/04/2009
Last Analyst Rating: Hold

•Ahead of the Bell: Credit Suisse upgrades Amkor...

Point and Figure says buy !
Price analysis is 20 dollars, MACD is positive, close above 50-day MA, chart up trending,
and very strong sector/industry.
Reported better-than-expected quarterly profit - Q2
AMKR is very undervalued...


52wk Range: 1.33 - 7.73
Volume: 7,195,503
Avg Vol (3m): 3,454,140

Technicals
Percentage Gainer

Last Price Quote is:
9.82%above 13-day MA
14.79%above 50-day MA
RS Rating: 85 

Fundamentals
Analyst Upgrade to Outperform

Key Data:
Market Cap (M): $1,032.39 
P/E Ratio: 2.22 
PEG Ratio: N/A 
Next Earnings: 10/28/2009
Last Analyst Rating: Outperform

Amkor to Present at Citi Technology Conference...

CHANDLER, Ariz., Sep 01, 2009 (BUSINESS WIRE) -- Amkor Technology, Inc. (AMKR) today announced that Joanne Solomon, chief financial officer, and Jim Fusaro, executive vice president for assembly and test business, will participate in the Citi Investment Research Global Technology Conference in New York City, NY on Thursday, September 10, 2009. The presentation is scheduled to begin at 2:15 p.m. (EDT).

An audio-only webcast of the presentation will be made available, both live and by replay, on the Investor Relations section of the company's website. In accordance with company policy, Amkor will not update, reaffirm or otherwise comment on any prior financial guidance during this conference. Amkor's financial guidance for the quarter is effective only on the date given.

About Amkor

Amkor is a leading provider of semiconductor assembly and test services to semiconductor companies and electronics OEMs. More information on Amkor is available from the company's SEC filings and on Amkor's website: www.amkor.com .

SOURCE: Amkor Technology, Inc.


Amkor Technology, Inc.
Joanne Solomon
Corporate Vice President & CFO
480-821-5000 ext. 5416
[email protected]

The run up...
Looking at the 1 year chart

CHANDLER, Ariz., Feb 10, 2010 (BUSINESS WIRE) -- In the news release, Amkor Reports Fourth Quarter and Full Year 2009 Results, issued February 10, 2010 by Amkor Technology, Inc., in the section titled "Business Outlook," the third bullet should read "Net income - in the range of $0.17 to $0.22 per diluted share" rather than "Net income - in the range of $0.19 to $0.28 per diluted share" as originally issued.

The corrected release reads:

AMKOR REPORTS FOURTH QUARTER AND FULL YEAR 2009 RESULTS

Amkor Technology, Inc. (AMKR, Trade ), a leading provider of semiconductor assembly and test services, today reported its financial results for the quarter and year ended December 31, 2009.

Fourth quarter net sales of $668 million were up 8% sequentially from the third quarter of 2009 and up 22% from the fourth quarter of 2008. Gross margin improved to 26% for the fourth quarter, compared to 25% for the third quarter of 2009 and 18% for the fourth quarter of 2008. Fourth quarter net income was $88 million or $0.33 per diluted share, compared to $81 million or $0.31 per diluted share in the third quarter of 2009 and a net loss of $623 million, or $3.40 loss per share, in the fourth quarter of 2008. Net income for the third quarter of 2009 included income tax benefits of $34 million or $0.12 per diluted share, primarily from the release of a tax valuation allowance at a subsidiary in Korea. The net loss for the fourth quarter of 2008 included a $671 million goodwill impairment charge, or $3.67 per share.

Full year 2009 net sales were $2.2 billion, down 18% from $2.7 billion for 2008. Gross margin was 22% for 2009, compared to 21% for 2008. Net income for the full year 2009 was $156 million or $0.67 per diluted share compared to a net loss of $457 million for 2008 or $2.50 loss per share, which included the goodwill impairment charge noted above.

"Customer demand remained strong in the fourth quarter as we delivered our best quarterly results in 2009. Our net sales of $668 million were better than expected, representing an 8% improvement from the third quarter," said Ken Joyce, Amkor's president and chief executive officer. "Our disciplined spending and cost control efforts, together with strong operating leverage in the second half of the year, have driven solid profitability and free cash flow generation during the worst industry downturn in many years," added Joyce.

"We began the year with an unprecedented drop in sales as the electronics industry significantly cut inventories in response to the global recession. The markets have rebounded more quickly than most people anticipated at the start of the year, and the current outlook is positive as we enter 2010. Looking ahead to the first quarter of 2010, we expect net sales to be down between 2% and 6% from a strong fourth quarter of 2009, with gross margin of 22% to 24%," said Joyce.

"We are currently operating at or near capacity in many of our product lines," noted Joyce. "In order to support improved customer demand, we expect to invest at higher levels in 2010 compared with 2009, with spending weighted more towards the first half of the year. Our overall capital intensity is expected to be around 14%."

"Unit shipments of 2.4 billion during the fourth quarter were up 4% from the third quarter, principally driven by the strength of leadframe wire bond packaging services," said Joanne Solomon, Amkor's chief financial officer. "Revenue growth of 8% was more than the unit growth of 4% reflecting strong demand for flip chip and wire bond chip scale and ball grid array packaging services with higher average sales prices. We saw broad demand across our product lines during the fourth quarter, including our services for the communications and consumer end markets, with notable sequential growth in networking."

"We generated $88 million in free cash flow in the full year 2009, our fourth consecutive year of positive free cash flow, despite paying $148 million to reduce our Korean severance obligations and to resolve a patent license dispute," noted Solomon. "During the fourth quarter, we repurchased $23 million of our 7.125% senior notes due 2011 and $15 million of our 7.75% senior notes due 2013 and we ended the quarter with a cash balance of $395 million and total debt of $1.4 billion."

"Capital additions for the fourth quarter of 2009 were $69 million and $198 million for the full year 2009 with full year capital intensity of 9%. We expect capital additions for the first quarter of 2010 to be approximately $100 to $125 million. Our planned capital additions are focused on expanding capacity in support of customer demand for a number of advanced packaging and test areas, including flip chip and wire bond chip scale packaging and wafer bumping," said Solomon.

Selected operating data for the fourth quarter and full year of 2009 is included in a section before the financial tables.

Business Outlook

Based upon the latest available information, we have the following expectations for the first quarter of 2010:

-- Net sales down 2% to 6% from the fourth quarter of 2009

-- Gross margin between 22% and 24%

-- Net income -- in the range of $0.17 to $0.22 per diluted share

Conference Call Information

Amkor will conduct a conference call on February 10, 2010 at 5:00 p.m. eastern time. This call is being webcast and can be accessed at Amkor's web site at www.amkor.com . You may also access the call by dialing 877-941-2332. A replay of the call will be made available at Amkor's web site or by dialing 800-406-7325 (access passcode # 4200074). The webcast is also being distributed over Thomson Financial's Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through Thomson Financial individual investor center at www.companyboardroom.com or by visiting any of the investor sites in Thomson Financial's Individual Investor Network. Institutional investors can access the call via Thomson Financial's password-protected event management site, StreetEvents ( www.streetevents.com ).

About Amkor

Amkor is a leading provider of semiconductor assembly and test services to semiconductor companies and electronics OEMs. More information on Amkor is available from the company's SEC filings and on Amkor's website: www.amkor.com .

SOURCE: Amkor Technology, Inc.


Amkor Technology, Inc.
Joanne Solomon, 480-821-5000 ext. 5416
Executive Vice President & CFO
[email protected]

Special Insider Trading Reports for Amkor, National Oilwell Varco, Marriott, Somaxon, H&R Block, & First Niagara Financial Group.......


VANCOUVER, Canada, Sept 16, 2010 /PRNewswire via COMTEX/ -- You can learn more about an investment by following the moves made by company insiders. Insiderslab.com has issued special stock trading reports for the following companies today: Amkor, National Oilwell Varco, Marriott, Somaxon, H&R Block, & First Niagara Financial Group.

Each of these investment research reports includes moves by top executives in the companies, including CEOs, CFOs and COOs, as well as directors involved in making critical corporate decisions. Insiderslab.com also includes Interactive Insider Trading Charts and Insider Trade Statistics in each stock research report.

Read a full report by clicking on one of the links below. You may need to copy and paste the full link into your browser for it to work properly.

Amkor Technology, Inc.: Open-market Sale made by company Directors on Sep 14th, at trade price (US$5.93). Disclose date: Sep 14th. Read Full Report: http://www.insiderslab.com/PR/091610B/AMKR/Amkor (AMKR, Trade )

National Oilwell Varco, Inc.: Open-market Sale made by company Directors on Sep 15th, at trade price (US$40.72). Disclose date: Sep 15th. Read Full Report: http://www.insiderslab.com/PR/091610B/NOV/National-Oilwell-Varco (NOV, Trade )

Marriott International Inc.: Market Option Sale made by company C-Level Officers and Directors on Sep 13th, at trade price (US$36.00 - 36.16). Disclose date: Sep 14th. Read Full Report: http://www.insiderslab.com/PR/091610B/MAR/Marriott (MAR, Trade )

Somaxon Pharmaceuticals, Inc.: Open-market Purchase made by company C-Level Officers on Sep 15th, at trade price (US$3.89). Disclose date: Sep 15th. Read Full Report: http://www.insiderslab.com/PR/091610B/SOMX/Somaxon (SOMX, Trade )

H&R Block, Inc.: Open-market Purchase made by company C-Level Officers and Directors on Sep 13th, at trade price (US$12.83 - 12.86). Disclose date: Sep 15th. Read Full Report: http://www.insiderslab.com/PR/091610B/HRB/HR-Block (HRB, Trade )

First Niagara Financial Group Inc.: Open-market Purchase made by company Directors on Sep 8th, at trade price (US$11.49). Disclose date: Sep 10th. Read Full Report: http://www.insiderslab.com/PR/091610B/FNFG/First-Niagara-Financial-Group (FNFG, Trade )

Company insiders make thousands of filings each day, detailing their investment decisions. Insiderslab.com analyzes the raw data and compiles it into information that investors can use to enhance their investment research. You can subscribe to FREE insider trading alerts tracking all stocks on the OTCBB, NASDAQ, SP500, DOWJ and NYSE by visiting http://www.insiderslab.com .

Insider Filing Source Reference: All observations, analysis and reports are based on public information released by the U.S. Securities and Exchange Commission.

About Insiderslab.com:

Insiderslab.com is a leading provider of independent reports on insider trade. Services include insider trade reporting on blue chips and penny stocks, real-time insider trading alerts, and newsletters describing notable insider trades. Insiderslab.com features a team of experienced analysts striving to provide the investment community with the tools, software and data necessary to carry out more effective investment research. Insiderslab.com covers major stock markets in the U.S., Hong Kong, Mainland China, and Singapore. Stock trading research reports can be viewed at http://www.insiderslab.com in the U.S., and at http://www.insiders.hk in Asia.

Important Disclaimer:

Insiderslab.com is not a registered investment advisor. Nothing contained in any materials should be construed as a recommendation to buy or sell any security. Insiderslab.com and Insiders.hk are not compensated by any of the companies mentioned above, or in research reports compiled by its experts. All calculated numbers are statistics are based on the best available information and represent our best efforts toward accuracy. You hereby acknowledge that any reliance upon any materials in this press release shall be at your sole risk. You can visit http://www.insiderslab.com and http://www.insiders.hk for a more complete account of risks and disclosures.


    CONTACT:

     [email protected]
     [email protected]
     Tel: +1-778-2976120




SOURCE Insiderslab.com

6 Stocks Seeing Recent Insider Buying, Bullish Options Sentiment...
The following is a list of stocks that have seen insider buying over the last week.
In addition, all of these stocks have bullish options sentiment, i.e a large number of open call option contracts relative to put option contracts.

Options data sourced from Schaeffer's (on September 20), insider trades reported to the SEC.

The list has been sorted alphabetically.

1. Amkor Technology, Inc. (AMKR): Roger Anthony Carolin (Director) bought $103,699 worth of stock on September 14. Call open interest at 3,461 contracts vs. put open interest at 1,428 (Put/Call ratio at 0.41).

2. Anadys Pharmaceuticals Inc. (ANDS): QVT Associates GP LLC (10% Owner) bought $45,000 worth of stock on September 10. Call open interest at 614 contracts vs. put open interest at 81 (Put/Call ratio at 0.13).

3. Brinks Co. (BCO): Martin Murray (Director) bought $168,150 worth of stock on September 15, while Robert Strang (Director) bought $112,950 worth of stock on September 14. Call open interest at 3,537 contracts vs. put open interest at 911 (Put/Call ratio at 0.26).

4. Vaalco Energy Inc. (EGY): John Myers (Director) bought $209,000 worth of stock on September 17. Call open interest at 1,263 contracts vs. put open interest at 169 (Put/Call ratio at 0.13).

5. Power-One Inc. (PWER): Kendall Bishop (Director) bought $65,920 worth of stock on September 17, while Tina McKnight (General Counsel and Secretary) bought $58,730 worth of stock on the same day. Call open interest at 16,812 contracts vs. put open interest at 6,834 (Put/Call ratio at 0.41).

6. Neutral Tandem, Inc. (TNDM): Robert Junkroski (Chief Financial Officer & EVP) bought $52,500 worth of stock on September 14, while Rian J. Wren (President & CEO) bought $52,450 worth of stock on the same day. Call open interest at 7,404 contracts vs. put open interest at 2,281 (Put/Call ratio at 0.31).




(AMKR)

52wk Range: 5.05 - 8.81
Volume: 2,826,850
Avg Vol (3m): 2,580,760
Market Cap: 1.20B
P/E (ttm): 6.71
EPS (ttm): 0.97

Technicals
Percentage Gainer

Last Price Quote is:
8.89%above 13-day MA
12.09%above 50-day MA
RS Rating: 52