Business Context and Reporting Period
Advanced Semiconductor Engineering, Inc. (ASE) filed a Form 6-K on December 7, 2007, reporting unaudited consolidated net revenues for the month ended November 2007. The company operates in the outsourced semiconductor packaging and testing industry.
Key Financial Metrics
| Metric | November 2007 | October 2007 | November 2006 |
|---|---|---|---|
| Net Revenues (NT$ Million) | 9,566 | 10,160 | 7,417 |
| Sequential Change | -5.8% | - | - |
| Year-over-Year Change | +29.0% | - | - |
The filing does not provide data on profit, cash flow, margins, debt, or liquidity for this period.
Material Changes
- Sequential Decline: Net revenues decreased by 5.8% compared to October 2007.
- Year-over-Year Growth: Net revenues increased by 29.0% compared to November 2006.
- Consolidation Impact: Starting October 1, 2007, revenues from ASEN Semiconductor were consolidated into ASE Inc.'s financials, affecting comparability with prior periods.
Outlook, Risks, and Management Commentary
The filing includes a Safe Harbor Notice regarding forward-looking statements. Management highlighted several risks that could cause actual results to differ materially from expectations:
- Cyclicality and market conditions in the semiconductor industry.
- Highly competitive industry environment and demand for outsourced services.
- Ability to introduce new packaging and testing technologies.
- Integration of pending and future mergers and acquisitions.
- Geopolitical tensions between the Republic of China and the People's Republic of China.
- Fluctuations in foreign currency exchange rates.
- Disruptions from natural or human-induced disasters.
Investor Verification Checklist
- Verify the impact of the ASEN Semiconductor consolidation on revenue trends starting October 2007.
- Monitor the sequential revenue decline of 5.8% to determine if it indicates a seasonal trend or a broader market slowdown.
- Review the 2006 Annual Report on Form 20-F for detailed risk factors and historical financial context.
- Assess the company's capital expenditure plans and expansion strategies mentioned in the risk factors.