CHANDLER, Ariz.-- Amkor Technology, Inc. (NASDAQ: AMKR) today updated its outlook for certain financial information for the fourth quarter ended December 31, 2009.
“Due to higher than expected customer demand across our product lines, net sales for the fourth quarter are expected to be up around 6% from the third quarter of 2009, representing an improvement over our previous guidance of flat, plus or minus 2%,” said Ken Joyce, Amkor’s President and Chief Executive Officer.
The company also expects gross margin for the fourth quarter to be around 26%. The expected gross margin is higher than the company’s previous guidance of 23% to 25%, primarily as a result of the expected improved level of net sales.
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: http://www.amkor.com/.
This press release contains forward-looking statements within the meaning of
federal securities laws. All statements other than statements of historical fact
are considered forward-looking statements including, without limitation, the
following: statements regarding our expectations for net sales and gross margin
for the fourth quarter of 2009. These forward-looking statements involve a
number of risks, uncertainties, assumptions and other factors that could affect
future results and cause actual results and events to differ materially from
historical and expected results and those expressed or implied in the
forward-looking statements, including, but not limited to, the following:
Other important risk factors that could affect the outcome of the events set forth in these statements and that could affect our operating results and financial condition are discussed in the company’s Annual Report on Form 10-K for the year ended December 31, 2008 and in the company’s subsequent filings with the Securities and Exchange Commission made prior to or after the date hereof. Amkor undertakes no obligation to review or update any forward-looking statements to reflect events or circumstances occurring after the date of this press release.