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Great & quick find, Zujzuj! .... Below article just released at 29-Jan-2007 21:21:09
Yup, 2007 will be Tech Rally year, Chipchip66 .... But, I personally think Tech will chiong from Q3 only. For now, they will be playing see-saw till then.
And, I also don't expect them to dip badly during the coming CORRECTION cos Tech didn't surge as much as property, telecoms and bank counters.
Hi Billywows, looks like Jan onwards, Tech stocks are getting hotter! I would think $1.50 is not a problem if funds are loading up due to the turnaround. I wonder when would the cycle end??
Its Nasdaq's listing closed up 3.9% on Friday with huge volume to 8.50 .... Nasdaq's 52-week high is 8.85, while it's SGX is 1.42.
(*Translates to 1.35 in SGX on Monday's trading!?!)
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STATS ChipPAC net profit up 68%
By MarketWatch
Last Update: 4:31 PM ET Jan 24, 2007
The Singapore provider of semiconductor test and advanced packaging services said non-GAAP fourth-quarter earnings were $36.5 million, or 17 cents per ADS.
Revenue increased 16% to $416 million from $357.5 million a year ago.
STATS ChipPAC predicts first-quarter profits to range from $12 million, or 6 cents per ADS, to $21 million, or 10 cents per ADS, on a revenue range of $374 million to $391 million.