ChipMOS Reports Revenue For December 2004
Tuesday January 18, 4:10 pm ET
HSINCHU, Taiwan, Jan. 18 /Xinhua-PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES (Bermuda) LTD. (''ChipMOS'' or ''the Company'') (Nasdaq: IMOS - News) today reported unaudited consolidated revenue for the month of December 2004.
Revenue for the month of December 2004 was NT$1,311.4 million or US$41.4 million, an increase of 39.7% from NT$938.5 million or US$29.6 million for the same period in 2003 and an increase of 10.7% from NT$1,184.5 million or US$37.4 million for the month of November 2004. (All translations from NT dollars to US dollars were made at the exchange rate of NT$31.71 against US$1.00 as of December 31, 2004.)
ChipMOS' December 2004 consolidated revenue includes revenues of ChipMOS TECHNOLOGIES INC., ChipMOS Japan Inc., ChipMOS U.S.A., Inc., ChipMOS Far East Limited, ChipMOS Logic TECHNOLOGIES INC., CHANTEK ELECTRONIC CO., LTD., Modern Mind Technology Limited and its wholly-owned subsidiary ChipMOS TECHNOLOGIES (Shanghai) LTD., ThaiLin Semiconductor Corp. and FIRST SEMICONDUCTOR TECHNOLOGY, INC.
The Company expects to report results for the fourth quarter 2004 in the week of March 14, 2005.
Based on current market conditions, the Company currently expects total net revenues for the full year 2005 will be in the range of approximately US$520 million to US$550 million with low margin turnkey revenues strategically reduced to below 5% of total net revenue. For the full year 2005, the Company currently expects its gross margin on a consolidated basis will be in the range of approximately 25% to 30%, in line with its previous target range. Actual results will be contingent on currency exchange rates, customer demand levels, market pricing, cost of materials and capacity usage levels, among other factors.
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