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Please note that this stock is our Tuesday (6/18/2013) selection. Due to e-mail issues that we are having, it is mailed out Monday evening!
ChipMOS TECHNOLOGIES (IMOS) provides semiconductor testing and assembly services for LCD and other flat-panel display driver semiconductors, and memory and logic/mixed-signal products.
The companys Testing segment offers a range of back-end testing services for memory and logic/mixed-signal semiconductors that include engineering testing consisting of software program development, electrical design validation, reliability analysis, and failure analysis; wafer probing that involves visual inspection
and electrical testing of the processed wafer for defects; laser repairing of memory products; burn-in testing to screen out unreliable products; top marking; final testing; and final inspection and packing.
Its Assembly segment provides assembly services, including wafer lapping, die saw, die attach, wire bonding, molding, marking, dejunking and trimming, electrical plating, ball mount and reflow, and forming/singulation. The companys LCD and Other Flat-Panel Display Driver Semiconductor Testing and Assembly segment offers testing and assembly services for LCD and other flat-panel display driver semiconductors.
Its Bumping segment offers gold bumping services for fine-pitch chips. ChipMOS TECHNOLOGIES (Bermuda) LTD. also offers drop shipment services, including assembly in customer-approved and branded boxes; and software engineering services consisting of test program development, conversion, and optimization, as well as related hardware design. The companys tested and assembled semiconductors are used in personal computers; graphics applications, such as game consoles and personal digital assistants; communications equipment, including cellular handsets; consumer electronic products; and display applications, such as flat-panel displays.
Shares have formed a bullish "cup and handle" and are ready to break higher out of this formation.
52-Week Trading Range: $8.25 - $19.60
Last Trade: $18.86
Stop Loss: $17.90
Target Price: $20.75
IMOS did not reach our target price after 30 days. The position was closed at $18.32.
