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Amkor Technology Inc. Q2 2008 Earnings Call Transcript

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2008-08-05 17:59:13.0

Tags: Amkor Technology Inc.

Question-and-Answer Session

Operator

(Operator Instructions). Our first question is from Bill Ong. Please state your company name followed by your question.

Bill Ong - American Technology Research

Yes, good afternoon. From American Technology Research. Can you just talk about the inventory levels among your different end-market segments, how much is in die bank, backlog visibility, just a general sense of what is taking place in the quarter versus a year ago?

Ken Joyce

Bill, as far as the inventories in the supply chain, we are seeing some building in certain areas, clearly in the wireless. As far as the die bank inventories, once again, I think we talked in the past that it's not a statistic that is been really meaningful to us. It is not something that we track on a regular basis. The die banks, not all of our customers as you know maintain die banks, so it is not a statistic that we track.

Bill Ong - American Technology Research

Okay. Thank you very much.

Operator

Thank you. Our next question is from Timothy Arcuri. Please state your company name followed by your question.

Bryan Lee - Citi

Hello, this is actually Bryan Lee calling in for Tim for Citi. Couple of things from me. First off, how much of the $10 million to $15 million that you think slipped out of Q2 due to the ERP issue is being recaptured in Q3?

Ken Joyce

I do not know with respect to the $10 million to $15 million, but I would estimate somewhere in the range of $5 million. It is very hard to tell, but that would be my target.

Bryan Lee - Citi

Okay. Okay. The reason I am asking is, if the ERP issue had not impacted Q2 revenues, would you say your guidance for Q3 probably would have been, about $5 million to $10 million lower than the 7.25 midpoint that you are guiding today?

Ken Joyce

I think where we are at, Bill is, our numbers we are at $691 million for the quarter. And as we told you, we missed by $10 or $15 and I think with that, you will have to do your own calculations.

Bryan Lee - Citi

Okay, great. Then on the ASP, the pricing environment, it sounds like it is been pretty stable for you guys. Obviously, your largest rival in Taiwan reported numbers earlier this morning, and it sounded like they were talking about a bit worse pricing environment than you guys are.

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