ChipPAC, Inc., a Fremont, Calif.-based provider of semiconductor assembly and test services, today announced revenue
for the third quarter ended September 30,increased 26.8% to $94.7 million, compared to $74.7 million in the same quarter a year ago.
is a decline of 2.5% compared to the quarter ended June 30, 2002. The
improvement in year over year revenue results is primarily due to 50% and 43%
growth in ChipPAC's Laminate and Test product lines, respectively.
company further narrowed its net loss to $3.2 million or 3 cents per diluted share, in line with guidance, from $7.1 million or 8 cents per diluted share in
the quarter ended June 30, 2002, which included a one time extraordinary
"The fourth quarter started out strong but we remain
cautious due to the uncertain industry outlook. We believe, generally, that
customers have adjusted their inventory levels to appropriate levels, but in
determining our revenue we will need to see the actual pull through from end
markets and the seasonality effects on the fourth quarter. Based on this
current limited visibility, we expect revenue for the fourth quarter to be in
the range of $89 million to $92 million with EPS in the range of 7 to 10 cents per share," the company said.