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Stock Market & Financial Investment News

News Breaks
July 28, 2014
16:20 EDTAMKRAmkor Technology reports Q2 EPS with gain 21c, consensus 15c
Reports Q2 revenue $767M, consensus $761.4M. EPS includes 8c related to the sale of a subsidiary to J-Devices. Reports Q2 gross margin 19.6%, compared to 18.5% in the prior quarter, and 18.5% in the second quarter of 2013.
News For AMKR From The Last 14 Days
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January 15, 2015
16:14 EDTAMKRTessera raises 2015 recurring revenue from $195M to $235M
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16:10 EDTAMKRAmkor to pay $155M to Tessera in litigation settlement
Tessera Technologies (TSRA) subsidiary Tessera, Inc., has entered into an agreement with Amkor Technology (AMKR) to settle all pending litigation between Amkor and Tessera, Inc. Under the terms of the agreement, Amkor will pay Tessera a total of $155M, comprised of sixteen equal quarterly recurring payments commencing in Q1 and continuing through 4Q18. This settlement includes the resolution of the previously awarded judgment of $128.3M plus interest, as well as additional amounts related to the settlement of other proceedings. Subsequent to this agreement, Tessera is raising its 2015 recurring revenue guidance from $195M to $235M. The parties have agreed to a mutual release and dismissal of all claims relating to their pending litigation and arbitration proceedings. The settlement agreement also provides that Tessera and Amkor will look for opportunities to engage in potential technology collaboration. Amkor expects to record an after-tax charge to earnings in Q4 for most of the total settlement amount.

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