3SOF

IMOS: ChipMOS Beats EPS est.; T. Weisel ups '06 EPS View
Tuesday , March 14, 2006 07:30 ET

ChipMOS Technologies reported Q4 Results Adj 21c vs 5c; Beating the 18c Est; GAAP EPS was 13c; Q4 revenue was up 16.4% (in-line); In-Line Q1 Revenue Guidance. Thomas Weisel upped its 2006 EPS estimate to 96c from 82c, citing margin improvement. IMOS shares fell 2% in late Monday trading.

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IMOS: RBC Capital Keeps @ Sector Perform; Ups Tgt to $8 vs $7; Analyst Notes
Tuesday , March 14, 2006 09:27 ET
Issuer: ChipMOS Technologies Bermuda LTD (NasdaqNM: IMOS)
Analyst Firm:  RBC Capital Markets
Ratings Action: REITERATION
Current Rating: Sector Perform
Target Price Action: INCREASE
Target Price: $8.00 (+14.29% from $7.00)
Analyst Comments: As the firm expected, Q1 is tracking better than industry seasonality (down 3-8% sequentially). Management expects Q1 revenues to be in the range of US$127M to US$130M. They continue to model Q1 revenues at $129.3M. They also believe that the stock has potential to reach their price target as investors see the upside to estimates driven by the excellent gross margin improvements.

nice february results imo 
ChipMOS REPORTS FEBRUARY 2006 REVENUE
Wednesday March 15, 8:00 am ET

HSINCHU, Taiwan, March 15 /Xinhua-PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES (Bermuda) LTD. ("ChipMOS" or the "Company'') (Nasdaq: IMOS - News) today reported its unaudited consolidated revenue for the month of February 2006.

Revenue for the month of February 2006 was NT$ 1,407.0 million or US$43.3 million, a decrease of 1% from NT$1,418.8 million or US$43.7 million for the month of January 2006 and an increase of 37% from NT$1,029.2 million or US$31.7 million for the same period in 2005. (All translations from NT dollars to U.S. dollars were made at the exchange rate of NT$32.46 against US$1.00 as of February 27, 2006.)

ChipMOS' February 2006 consolidated revenue included revenues of ChipMOS TECHNOLOGIES INC., ChipMOS Japan Inc., ChipMOS U.S.A., Inc., ChipMOS TECHNOLOGIES (H.K.) Limited, MODERN MIND TECHNOLOGY LIMITED and its wholly-owned subsidiary ChipMOS TECHNOLOGIES (Shanghai) LTD., and ThaiLin Semiconductor Corp.

earnings today !!
BO alert??

 IMOS: To Release Q1 Results May 03 [AMC]
Wednesday, May 03, 2006 08:30 ET

ChipMOS Technologies Bermuda LTD (Nasdaq NM: IMOS) is scheduled to release its Q1 financial results on May 03, 2006, after the close of the market (AMC).

CONSENSUS ESTIMATES:

Q1 Revenue: $129.88 million
Q1 EPS: $0.22 per share

PREVIOUS PERIOD:

Prev Q1 Revenue: $105.90 million
Prev Q1 EPS: $0.08 per share

IMOS quotations:

Looking forward, Cheng, commented, "We remain cautiously optimistic about the market environments for the memory and LCD industries in 2006. We currently expect to achieve significant revenue growth this year led by growth in our flash, DDR II DRAM, and LCD driver IC businesses. Notably, we currently do not expect any decrease in demand in 2006 based on current customer forecasts. While the first quarter is traditionally slower for the industry, order rates this year remain high in support of existing end market demand. As a result, based on current customer forecasts and based on the exchange rate of NT$32.85 against US$1.00, we currently expect revenue for the first quarter of 2006 will be in the range of approximately US$127 million to US$130 million, with gross margin on a consolidated basis approximately in the range of approximately 28% to 30%."

link:
http://www.shareholder.com/chipmos/ReleaseDetail.cfm?ReleaseID=190171

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awesome results 

IMOS: Q1 EPS 27c vs 8c Beats 22c Est
Wednesday, May 03, 2006 16:08 ET

QUARTER RESULTS
ChipMOS Technologies Bermuda LTD (IMOS) reported Q1 results ended March 2006. Q1 Revenues were $134.50M; +27.01% vs yr-ago; BEATING revenue consensus by +3.56%. Q1 EPS was 27c; +237.50% vs yr-ago; BEATING earnings consensus by +22.73%.

Q1 RESULTS      Reported      Year-Ago     Y/Y Chg      Estimate    SURPRISE
----------  ------------  ------------  ----------  ------------  ----------
Revenues:       $134.50M      $105.90M     +27.01%      $129.88M      +3.56%
----------  ------------  ------------  ----------  ------------  ----------
EPS:                 27c            8c    +237.50%           22c     +22.73%
----------  ------------  ------------  ----------  ------------  ----------


ADDITIONAL COMMENTARY:
IMOS currently expects a growth period for LCD TVs will occur in the second half of this year due to price reductions. In addition, IMOS expects other LCD segments, like monitors, will also back on track in the second half reflecting normal trends.

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ChipMOS REPORTS FIRST QUARTER RESULTS
Wednesday, May 03, 2006 16:05 ET

HSINCHU, Taiwan, May 4, 2006 /Xinhua-PRNewswire-FirstCall via COMTEX/ -- ChipMOS TECHNOLOGIES (Bermuda) LTD. ("ChipMOS" or the "Company") (Nasdaq: IMOS) today reported unaudited consolidated financial results for the first quarter ended March 31, 2006. All U.S. dollar figures in this release are based on the exchange rate of NT$32.46 against US$1.00 as of March 31, 2006.

Revenue for the first quarter of 2006 was NT$4,367.1 million or US$134.5 million, an increase of 30.8% from NT$3,339.5 million or US$102.9 million for the same period in 2005 and an increase of 2.0% from NT$4,282.9 million or US$131.9 million in fourth quarter of 2005. On a consolidated basis, the gross margin for the first quarter of 2006 was 31.5%, compared to 20.3% for the same period in 2005 and 31.5% for the fourth quarter of 2005. Net income for the first quarter of 2006 was NT$601.6 million or US$18.5 million, and NT$8.86 or US$0.27 per common share, compared to net income of NT$173.5 million or US$5.3 million, and NT$2.58 or US$0.08 per common share, for the same period in 2005 and net income of NT$475.8 million or US$14.7 million, and NT$7.03 or US$0.22 per common share, for the fourth quarter of 2005.

The unaudited consolidated financial results of ChipMOS for the first quarter ended March 31, 2006 included the financial results of ChipMOS TECHNOLOGIES INC., ChipMOS Japan Inc., ChipMOS U.S.A., Inc., ChipMOS TECHNOLOGIES (H.K.) Limited, MODERN MIND TECHNOLOGY LIMITED and its wholly-owned subsidiary ChipMOS TECHNOLOGIES (Shanghai) LTD., and ThaiLin Semiconductor Corp.

S.J. Cheng, Chairman and Chief Executive Officer of ChipMOS, said, "We are pleased with our performance in this quarter, as we were able to deliver an approximately 30% growth in our top-line compared to the same period in 2005. Our performance during the first quarter of 2006 was primarily driven by strong demand for our DDR II DRAM and flash businesses. Notably, the transition to DDR II continues to gain momentum. We currently expect DDR II memory will exceed DDR in quantity in the second quarter of this year and revenue from DDR II will contribute significantly to our revenue from memory semiconductors in the fourth quarter of 2006. For the LCD driver IC business, revenue was down by 5% compared to the fourth quarter of last year due to lower utilization rates of TCP for monitor applications, primarily resulting from seasonal effects."

S.K. Chen, Chief Financial Officer of ChipMOS, said, "Our revenue growth and product mix, combined with our continued focus on expenses, resulted in another strong quarter for ChipMOS. Our gross margin of 31.5% during the first quarter of 2006 was higher than previously expected. However, we lowered our capital expenditures budget in the first quarter of 2006 due to our revised outlook for LCD driver IC demand in the second quarter and excess TSOP assembly capacity following the DDR II transition. We will continue to invest carefully as we work to align our resources with market demands."

Looking forward, Cheng, commented, "We remain cautiously optimistic about our business for the near and long-term. The ramp-up of our flash business is in line with our expectations. In the LCD driver IC segment, we have strategically concentrated our services on LCD TV applications that we currently expect to be high growth and employed our proprietary COF technology. While sales of LCD TVs remained strong in the first quarter, there was a downturn in the LCD panel market due to seasonality. We currently expect a growth period for LCD TVs will occur in the second half of this year due to price reductions. In addition, we expect other LCD segments, like monitors, will also back on track in the second half reflecting normal trends. We currently expect this to lead to a growth for our LCD business in the second half this year compared to the first half. We currently also expect our DDR II business to be our major contributor to revenue growth this year as the long awaited transition from DDR to DDR II driven by favorable market prices appears to finally be occurring. ChipMOS is a strategic partner to our key customers as we assist them in solving DDR II capacity shortage problems. As a result, based on current customer forecasts, and the exchange rate of NT$32.46 against US$1.00, we currently expect revenue for the second quarter of 2006 will be in the range of approximately US$137 million to US$143 million, with gross margin on a consolidated basis in the range of approximately 27% to 30%. We expect lower gross margin in the second quarter compared to the first quarter primarily because we are expecting lower utilization rates in LCD and DDR production lines and higher depreciation cost from capacity prepared for production needs in the second half this year."

this baby will fly tomorrow IMO

cheers
Oliver

chart:

awesome !!!!

It seems IMOS has been steadily accumulated lately.  I'm in from 7.18 a couple days ago, currently showing a minor loss.

The volume has been consistently strong and the chart is pretty bullish, bounced off 20 ema today.  I feel like the fundamentals have outpaced the PPS action for quite some time, and we could see some pretty outstanding gains.  The stock could triple and still not be very overvalued.  The PE is in the 7-8 range right now.  The company is growing. 

Here's the daily and weekly charts..

The chart and the fundamentals really seem to be coming together on this one.

The volume is huge, 1 million shares traded by noon central time, and price is acting well. 

Currently at bid 7.23 ask 7.24.  hod 7.26.

I think the volume should push us to a new high for this run, and a test of the 52 week high of 8.32 is pretty likely I'd say.  The fundamentals should push us right through.  I'm probably overly bullish, but I can see this stock making a pretty quick run to double digits based on fundamentals and the awesome volume lately.  The PE is 7 (!) and the revenues grew 30-40% this year, continually showing growth Q over Q.  I don't see anything missing from this picture.

Over 4 mill shares traded yesterday and up in AH as well. IMOS chart and fundamentals look beautiful. I think its time to ride this one up its going blow through resistance tomorrow from the looks of it. Im going to buy this tomorrow in the morning.

I like IMOS here both from a technical and fundamental point of view.

The new shareholder structure will not only make the company more transparent but should also be accreditive to earnings.

I think some investors misread the pressrelease yesterday and that is probably why you had the huge volume.

please check updated  IMOS presentation:

http://www.shareholder.com/chipmos/downloads/presentation.pdf

please MERGE the minimum3 IMOS threads setravis 

fyi:
SPIL unlikely to use ChipMOS to speed up its China deployment
   
Ingrid Lee, Taipei; Esther Lam, DigiTimes.com [Wednesday 14 February 2007]

While some industry players regard Siliconware Precision Industries (SPIL)'s restructuring of its stake in ChipMOS Technologies as preparation for increased investment in China, SPIL's ability to invest in China through ChipMOS should be limited, given the limited facilities ChipMOS has in China.

Since SPIL increased its stake in ChipMOS Technologies (Bermuda), which houses a memory packaging and testing plant in Shanghai, some industry players consider SPIL to be preparing a move for increased access to the facility.

However, given that SPIL already houses a production base in China and its application for lead-frame based IC backend production in China is already proceeding, linking the share rearrangement to any speculation about speeding up any China deployment seems unconvincing.

Although SPIL and ChipMOS both belong to the same "virtual" group, the business ties between them are actually not that strong. Since the two companies do not currently share any fab for joint production, it is just as easy for SPIL to construct its own fab in China rather than use a ChipMOS facility, industry sources noted.  Another factor to consider is that the production scale of the ChipMOS plant in Shanghai is limited. The sources noted that monthly sales at the Shanghai plant only total about NT$70 million, though major customers include Etron Technology, Macronix International Company (MXIC), Semiconductor Manufacturing International Corporation (SMIC) and Spansion.

Nice 

I need to be patient and realize the gains in this one.  Sold my ONNN for a small gain in the 8s, as I watch it cruise into the 10 range. 

The fundamentals easily point to a valuation in the teens, especially if the semi sector heats up.  Let's watch and see.