IMOS

[maverick12]

I did not use any stop as recommended. I played in the general market condition and saw all its competitors losing similar points or more. Only time will tell if it was wise decision.

[la-onda]

I am still holding (entry @ 7.26$)


ChipMOS REPORTS APRIL 2006 REVENUE
Tuesday May 16, 8:00 am ET

HSINCHU, Taiwan, May 16 /Xinhua-PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES (Bermuda) LTD. ("ChipMOS" or the "Company") (Nasdaq: IMOS - News) today reported its unaudited consolidated revenue for the month of April 2006.

Revenue for the month of April 2006 was NT$1,584.6 million or US$49.7 million, an increase of 3% from NT$1,541.3 million or US$48.3 million for the month of March 2006 and an increase of 33% from NT$1,193.2 million or US$37.4 million for the same period in 2005. (All translations from NT dollars to U.S. dollars were made at the exchange rate of NT$31.91 against US$1.00 as of April 28, 2006.)

ChipMOS' April 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.

[nullzero]

Sold IMOS for a loss 

[la-onda]

time for reentering soon???

Chipmos Announces Pricing of Public Offering by Mosel
Friday May 26, 8:00 am ET


HSINCHU, Taiwan, May 26 /Xinhua-PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES (Bermuda) LTD. ("ChipMOS" or the "Company") (Nasdaq: IMOS - News) announced today the pricing of the public offering of 6,956,522 of its common shares by its majority shareholder, Mosel Vitelic Inc. ("Mosel"), through Mosel's wholly-owned subsidiary, Giant Haven Investments Limited, at US$6.00 per share. The common shares sold in the offering were all secondary shares; no new primary shares were issued in the offering. An additional 1,043,478 common shares may be sold in the offering by Mosel pursuant to a 30-day option granted to the underwriter to cover over-allotments. ChipMOS will neither sell any securities nor receive any proceeds in the offering.

&

IMOS: Short Interest UP 81.2% to 926.1K in May 2006
Wednesday, May 24, 2006 16:17 ET

According to new short interest data from NASDAQ, short interest for ChipMOS Technologies Bermuda LTD (NasdaqNM: IMOS) INCREASED 81.2% to 926,083 shares for the month ended mid-May, 2006.

SYMBOL             APRIL             MAY          CHANGE       %CHANGE    DAYS/COVER
--------   -------------   -------------   -------------  ------------  ----------
IMOS             510,987         926,083        +415,096       +81.23%           1

Based on IMOS's 20-day average daily share volume of 991,255, it would require approximately 1 day(s) of buying to cover this short interest.

[la-onda]

Taiwan LCD-driver-IC testing and packaging houses anticipate demand rebound

Amy Lee, Taipei; Esther Lam, DigiTimes.com [Thursday 18 May 2006]

Leading LCD-driver-IC testing and packaging houses are confident they will see a rebound in orders by June since IC-design houses are releasing more orders in preparation for an upcoming seasonal pick-up in demand, according to sources at local testing and packaging houses.
ChipMOS Technologies has adopted a bullish outlook and expects demand to rebound in a significant way from late May, with the utilization rate hitting its maximum level in the third quarter.
Similarly, International Semiconductor Technology (IST) thinks that demand should develop increasing momentum from late May, with obvious demand growth arriving from June onwards, said company sources, with reference to forecasts by customers.

King Yuan Electronics Company (KYEC) has also observed a recent up-tick in orders, and the company anticipates capacity will be at its highest level during June and July, said company sources.
Despite some second-tier testing and packaging houses having reduced quotes by 3-5%, most first-tier makers are reluctant to make price adjustments. Since capacity at foundries is tight, IC-design houses have no alternative but to build up their "wafer bank" levels and delay packaging and testing.

http://www.digitimes.com/bits_chips/a20060517A5022.html

&

Conference notes
by: rsv1973 (33/M/Home of the Chiefs)
Long-Term Sentiment: Strong Buy    05/22/06 01:42 pm
Msg: 26549 of 26717

1) DDR II testing services will go up from 14% to 50% of total revenue by 4Q06.
2) Small-panel LCD business will be strong in 2H 06.
3) Have customer commitments to be very confident in projected numbers for rest of year.
4) R&D funds for 2006 will be paid from operations. No additional money to raise (meaning no secondaries or no additional debt).
5) Analysts impressed with IMOS's ability to sign long-term contracts unlike rest of industry.
6) New customer in the works. Analysts tried to fish out the name but the name can't be revealed at this time.

[la-onda]

Mosel denies seeking profit by releasing ChipMOS shares
Hans Wu & Esther Lam, DigiTimes.com [Monday 29 May 2006]

In response to market speculation about the release of almost seven million share of ChipMOS Technologies (Bermuda), Mosel Vitelic, a major shareholder of ChipMOS, denied that the move was made to realize profits, according to Mosel chairman ML Chen.

ChipMOS Technologies (Bermuda) recently announced pricing of US$6.00 per share for its public offering of 6,956,522 of its common shares by Mosel through Mosel's wholly-owned subsidiary, Giant Haven Investments. An additional 1,043,478 common shares may be sold in the offering by Mosel pursuant to a 30-day option granted to the underwriter to cover over-allotments.

Mosel's stake at ChipMOS will decrease to 28.2% from 38.4% following this share release and the stake will further decrease to 26.7% if the underwriter exercises the over-allotment option, according to a company filing with the US Securities and Exchange Commission (SEC).

Mosel may earn about US$42 million on this share release and sources were cited in a Chinese-language Economic Daily News (EDN) report assaying that this transaction may contribute NT$0.4 to Mosel's earning per share (EPS) in the second quarter. Chen stressed that Mosel has solid assets and it is not releasing these shares simply to earn a profit. He stressed that the move was more in form of a divestment, through which Mosel aims to focus more and more on solar cell and radio-frequency identification (RFID) production.

Chen also noted that Mosel does not plan to release any more shares at either ChipMOS or ProMOS Technologies in the near term.

http://www.digitimes.com/NewsShow/Article_print.asp?datePublish=2006/05/29&pages=VL&seq=201

[la-onda]

Mosel fined by TSE for late announcement of ChipMOS share release
   
Latest news
Compiled from outside sources; Esther Lam, DigiTimes.com [Thursday 1 June 2006]

Mosel Vitelic has been fined by the Taiwan Stock Exchange for late announcement of a release of ChipMOS Technologies (Bermuda) shares, according to a report in the Chinese-language Commercial Times.

Mosel announced the ChipMOS share release on May 27 at the US Securities and Exchange Commission (SEC). Local media in Taiwan then speculated about a potential profit of US$42 million the company might earn on this transaction.

Under the regulations of Taiwan's stock exchange, any transaction in the stock of listed companies that is worth over NT$300 million should be announced on the day following the transaction. In Mosel's case, the company had delayed posting the announcement until 2:00 pm (Taipei time, GMT+8hrs) on May 29, when the actual profit was revealed as NT$94.2 million, as opposed to the speculative figure of US$42 million.

The Taiwan stock exchange fined Mosel NT$50,000 for late submission of the announcement.

[la-onda]

ChipMOS REPORTS MAY 2006 REVENUE
Thursday June 15, 8:00 am ET

HSINCHU, Taiwan, June 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 May 2006.

Revenue for the month of May 2006 was NT$ 1,553.6 million or US$48.5 million, a decrease of 2% from NT$1,584.6 million or US$49.5 million for the month of April 2006 and an increase of 21% from NT$1,283.6 million or US$40.1 million for the same period in 2005. (All translations from NT dollars to U.S. dollars were made at the exchange rate of NT$32.025 against US$1.00 as of May 30, 2006.)

ChipMOS' May 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.

Slides from 1st of June conference part 1:

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Slides from 1st of June conference part 2:

[la-onda]

Slides from 1st of June conference part 3 and chart 

[la-onda]

Spansion may continue raising MCP prices in 3Q
Hans Wu and Esther Lam, DigiTimes.com [Friday 16 June 2006]

Despite announcing it will construct its first 12-inch fab on memory production, tight supply of single-transistor pseudo-SRAM (1T PSRAM) and backend production capacity may stimulate Spansion, the largest NOR flash maker, to propose further price rises in the third quarter, according to industry sources.

Spansion was quoted in a recent Reuters report as saying that it would invest US$1.2 billion to construct its first 12-inch fab in northern Japan (Fukushima prefecture) with the fab having a monthly target capacity of 15,000-20,000 wafers. The production process node may go down to 45nm at this fab, the report said.

Although the new fab should increase Spansion's capacity, the company is only capable to meet 50-70% of current demand for its multi-chip package (MCP) solutions. The sources suggested that Spansion may raise prices further and has no chance to reduce quotes in the third quarter. This follows price-ups of 5-20% in the second quarter.

Tight supply of 1T PSRAM is one major reason for the price increases, the sources noted. Winbond Electronics is reportedly the 1T PSRAM supplier of Spansion and its chairman had admitted to seeing demand pick up for 1T PSRAM.

The lag of backend production capacity is also aggravating tight MCP supply. ChipMOS Technologies, King Yuan Electronics Company (KYEC) and Powertech Technology Inc. (PTI) are the major testing and packaging houses that handle backend production for Spansion, according to industry sources.

In related news, industry observers were cited by the Chinese-language Apple Daily report in saying that Taiwan Semiconductor Manufacturing Company (TSMC) may be disappointed by Spansion's newly announced investments, as the parties were in talks to extend ORNAND (a managed NAND solution) production from 0.11-micron to 90nm at TSMC.

[la-onda]

Mosel details solar cell production roadmap
Hans Wu and Esther Lam, DigiTimes.com [Tuesday 20 June 2006]

By removing the distraction of its DRAM business earlier this year, Mosel Vitelic was able to observe improved profitability in the first quarter, according to company chairman ML Chen at a June 19 investors conference. The company has also taken more concrete steps on solar cell production to help drive sales in 2007.

Chen noted that Mosel attained an earning per share (EPS) of NT$1 last quarter, which is more than the company attained for the entire year in 2005 (NT$0.94). He attributed the improved profitability to reduced DRAM sales for its subsidiary ProMOS Technologies. Mosel is confident it will record a better performance in 2006 on 6-inch wafer contribution and the anticipated profit from releasing shares of invested companies (like ChipMOS Technologies), he said.

Mosel said margins from 6-inch wafer production should exceed 20% with the overall foundry production contributing about NT$3 billion to the company's 2006 revenues, Chen said. The company's 6-inch fab is currently running at a full utilization rate, he noted.

Projecting revenues drivers for 2007, Chen said the contribution from its 6-inch fab should continue and solar production should start growing in significance next year, while radio-frequency identification (RFID) should not have an increased contribution until 2008.

Mosel has now installed two solar cell production lines at its 6-inch fab, with production to commence in January 2007. For production, Mosel will source upstream materials including scrap wafers from its subsidiaries ChipMOS and ProMOS, as well as from third parties, Chen stated. The company's solar cells now achieve a power conversion rate of 14%, he noted.

Although declining to quantify the potential contribution from solar cell production, Chen indicated that the present average selling prices (ASPs) of per watt solar energy is about US$3-3.50 and even if prices fall to US$2, the targeted 30 megawatt peak (MWp) annual capacity will bring about US$60 million to the company, local media reported. Mosel also plans to develop thin-film solar cell production from its own technology, he added.

chart update (MACD will be interesting the next days IMO)

[la-onda]

updated presentation from UBS conference:
http://www.shareholder.com/chipmos/downloads/2Q06.pdf

chart incl. MACD crossing 

[la-onda]

Memory testing houses bullish on 2H06
Latest news
EDN, June 26; Carrie Yu, DigiTimes.com [Monday 26 June 2006]

Both Powertech Technology (PTI) and ThaiLin Semiconductor are optimistic about their performance in the second half of 2006 mainly because of strong flash demand, according to the Chinese-language Economic Daily News.

PTI expects demand for DDR2 and NAND flash to both remain strong, while ThaiLin expects its sales to be mainly diven by flash demand, with existing customers such as SanDisk increasing orders and new testing orders coming in for high-density flash memory, the paper said.

Thailin = Subsidary from Chipmos !

[la-onda]

additional information:
IMOS: Short Interest DN 37.1% to 582.8K in Jun 2006
Monday , June 26, 2006 16:16 ET

According to new short interest data from NASDAQ, short interest for ChipMOS Technologies Bermuda LTD (NasdaqNM: IMOS) DECREASED 37.1% to 582,785 shares for the month ended mid-June, 2006.

SYMBOL               MAY            JUNE          CHANGE       %CHANGE    DAYS/COVER
--------   -------------   -------------   -------------  ------------  ----------
IMOS             926,083         582,785        -343,298       -37.07%           2

Based on IMOS's 20-day average daily share volume of 558,290, it would require approximately 2 day(s) of buying to cover this short interest.