Business Context and Reporting Period
Advanced Semiconductor Engineering, Inc. (ASE) filed this Form 6-K on March 7, 2008, to report unaudited consolidated net revenues for the month ended February 2008. The company operates in the outsourced semiconductor packaging and testing industry.
Key Financial Metrics
| Metric | February 2008 | January 2008 | February 2007 |
|---|---|---|---|
| Net Revenues (NT$ Million) | 7,719 | 8,592 | 6,518 |
| Sequential Change | -10.2% | N/A | N/A |
| Year-over-Year Change | +18.4% | N/A | N/A |
Note: The filing text does not provide clear values for profit, cash flow, margins, debt, or liquidity. Starting October 1, 2007, revenues from ASEN Semiconductor were consolidated into ASE Inc.'s results.
Material Changes
- Sequential Decline: Net revenues decreased by 10.2% from January 2008 to February 2008.
- Year-over-Year Growth: Net revenues increased by 18.4% compared to February 2007.
Outlook, Risks, and Management Commentary
The filing contains a Safe Harbor Notice regarding forward-looking statements. Management highlights several risks that could cause actual results to differ materially from expectations, including:
- 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.
- International business activities and general economic/political conditions.
- Disruptions from natural or human-induced disasters.
- Strained relations between the Republic of China and the People's Republic of China.
- Fluctuations in foreign currency exchange rates.
Investor Verification Checklist
- Verify the cause of the 10.2% sequential revenue decline in February 2008.
- Confirm the impact of the ASEN Semiconductor consolidation on year-over-year comparisons.
- Review the 2006 Annual Report on Form 20-F for detailed risk factors and historical financial data.
- Monitor foreign currency exchange rate fluctuations affecting NT$ reporting.