SOURCE: The Bedford Report

The Bedford Report

December 09, 2010 11:25 ET

Merger and Acquisition Activity Still Going Strong in Tech Sector

The Bedford Report Provides Analyst Research on Amkor Technology & Skyworks Solutions

NEW YORK, NY--(Marketwire - December 9, 2010) -  In recent months the Technology Sector has become a hotbed of Merger and Acquisition activity. As companies get larger and experience diminishing returns in their core business, they are showing their willingness to utilize their large resource pools to acquire smaller companies in a race to diversify themselves. Given the limited opportunities for meaningful acquisitions, the companies in stronger financial positions, and the willingness to act, stand to gain the most from such activities. The Bedford Report examines the outlook for companies in the Semiconductor - Integrated Circuits Industry and provides research reports on Amkor Technology, Inc. (NASDAQ: AMKR) and Skyworks Solutions, Inc. (NASDAQ: SWKS). Access to the full company reports can be found at:

www.bedfordreport.com/2010-12-AMKR

www.bedfordreport.com/2010-12-SWKS

Industry heavyweight Broadcom has been busy this year broadening its technology portfolio. Last month we learned that the company will acquire privately-held Gigle Networks Inc. for $75 million. Broadcom says the acquisition will enable it to design more highly integrated SoCs, which allow whole-home network coverage in a wide variety of global deployment scenarios.

Rumors that Amkor Technology will acquire Taiwan's Greatek Electronics appear to be false, however. Last month Greatek said local media reports indicating that it will be acquired by Amkor Technology for $1.08 a share were simply not true.

The Bedford Report releases regular market updates on the Semiconductor - Integrated Circuits Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us for free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

Last month Amkor said third-quarter earnings fell 4 percent to $78 million as a result of foreign currency losses and high demand for less profitable gaming products. The company lost $8 million because of the appreciation of the Korean won and the resulting revaluation of Amkor's Korean employee benefits.

Amkor's industry peer Skyworks Solutions earned $46.8 million, or 25 cents per share, in its fiscal fourth quarter, down from $58.3 million, or 33 cents per share, a year earlier.

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: http://www.bedfordreport.com/disclaimer.

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