ASE Test ASTSF

… Semiconductor Engineering ASX announced that it completed the acquisition of its subsidiary, ASE Test , on May 31. Because ASE had previously consolidated ASE Test 's results, we believe the closing of the acquisition should have little effect on ASE …

Management at ASE Test ASTSF has declined comment on our questions ..... have hit a snag. We have long disliked ASE Test 's business, which is largely commodified ..... We advise shareholders still holding ASE Test stock to consider taking their chips …

… This is too bad, because compared with its main Taiwanese chip packaging rival the ASE Group (which includes ASE and ASE Test ASTSF ), Siliconware seems to be a competently run, competitive firm.

… shares of Singaporean subsidiary ASE Test Limited ASTSF may have hit a snag. We do not ..... average risk rating for both ASE and ASE Test . Two weeks ago, the companies ..... condition that shareholders of ASE Test "acting in concert" with the …

… to acquire the 49.5% stake in ASE Test ASTSF that it does not already own. In ..... significantly higher than our estimates for ASE Test 's future cash-flow generation ..... in December 2007, at which point ASE Test will be delisted from the NASDAQ …

We are placing ASE ASX under review while we assess the impact of its proposed buyout of its majority-owned subsidiary ASE Test ASTSF .

On June 28, leading outsourced semiconductor assembly and testing (OSAT) firms ASE Global ASX / ASTSF and Siliconware Precision SPIL announced the Taiwanese government had lifted certain restrictions from their investing in operations …

… We believe this would especially hurt the OSAT makers that have a relatively large exposure to testing: STATS and ASE Test ASTSF . Although these anecdotes are bearish for OSAT firms, it is undeniable that OSAT is experiencing a boom at present …