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Integrated Micro-Electronics, Inc.
#1
BUSINESS PROFILE

Integrated Microelectronics, Inc. (IMI) was established on August 8, 1980 and registered its operations with the Board of Investment. On September 12, 1994, the Philippine Economic Zone Authority approved IMI's application for registration. These registrations entitle IMI to certain fiscal and non-fiscal incentives.

IMI offers core manufacturing capabilities as well as higher value competencies in design, engineering, prototyping, and supply chain management. The Company is a vertically integrated electronics manufacturing services provider to global original equipment manufacturers in the computing, communications, consumer, automotive, industrial, and medical electronics markets.

IMI has three wholly-owned subsidiaries, IMI International (Singapore) Pte. Ltd., IMI USA, Inc., and IMI Japan, Inc. The Company also owns 56% of PSi Technologies Inc., an independent power semiconductor assembly and test services (SATS) provider.

Source: SEC Form 17-A (2010)


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#2
Ayala electronics unit posts 48% Q2 profit drop

AYALA-LED chipmaker Integrated Micro-Electronics, Inc. (IMI) posted a 48% drop in second-quarter profits from year-ago levels on the back of higher expenses for the period.
IMI, in a disclosure, said profits for April to June amounted to $761,000 versus the $1.47 million recorded in the same period last year.

This comes despite a 42% growth in revenues to $139.51 million.

Cost of goods sold and services increased 47% to $128.67 million while operating expenses climbed 24% to $9.67 million from year-ago levels.

“We managed to grow our revenues and stay profitable despite a still fragile global economy,” Arthur R. Tan, IMI president and chief executive officer, said in the disclosure.

“The vibrant and challenging times compel us to give more focus on operational excellence to increase productivity and reduce costs,” he added.

The second-quarter results bring first-half profits to $1.14 million, a 76% decrease from the $4.68 million the firm bagged in the same period last year.

Revenues during the first six months amounted to $262.47 million, a 39% growth from $188.81 million last year, according to the disclosure.

Revenues from operations in China and Singapore reached $143.3 million in the first half, a 23% growth from last year’s levels, IMI said.

These accounted for 55% of the firm’s total revenues for the period.

Meanwhile, Philippine operations accounted for 29.3% after contributing $76.9 million in revenues for the first semester. Local operations were “bolstered by increased turnkey manufacturing programs,” the firm said.

Cost of goods sold and services increased 45% to $241.85 million in the first half while operating expenses grew 15% to $20.07 million.

“Our diversification strategy across different markets and regions will help cushion the impact of any isolated downturn on our future performance,” Mr. Tan said.

The firm completed the acquisition of four subsidiaries of a Belgium-based electronics manufacturer EPIQ NV for approximately €43.5 million last month.

Aside from the cash payment, EPIQ NV will own a 12% stake in IMI through 200 million newly issued shares equivalent to €24.4 million.

IMI plans to conduct an initial public offering in June 2012, more than two years after it listed by way of introduction in January last year, according to earlier reports.

The firm deferred the conduct of its IPO, as approved by the exchange, slated for January this year banking on better market conditions next year.

Under the exchange’s rules, companies that list by way of introduction must conduct an IPO within one year. Unlike an IPO, listing by way of introduction does not aim to raise capital; rather, it allows existing individual shareholders to trade the stock on the exchange.
If it doesn't feel right, don't do it!
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#3
share ko lang po.. Smile
if share prices remain the same or goes lower.. it may be an opportunity .. although this specific article does not mention a specific stock, IMI not only does exports to JAPAN but also to CHINA..

help analyze na lang po mga masters.. winking


Trade with Japan expected to normalize within second half

The Department of Trade and Industry expects trade with Japan, the country’s top export destination in June, to start normalizing within the second semester, as the electronics sector begins to recover from the Japan crisis.

In a statement Friday, Trade Undersecretary Adrian Cristobal Jr. said the effects of the March 11 Japan disaster on the electronics supply chain should start to wear off by the end of the third quarter.

“Electronics companies with operations near the epicenter of the quake where buildings and equipment were damaged are expected to restore full shipments by early September, coinciding with the peak season for electronics and semiconductor sales during the third quarter,” he said.

Japan has long been one of the country’s top trading partners, particularly for semiconductors and electronics, which account for more than half of the country’s merchandise exports.

The March 11 Japan earthquake, which triggered a tsunami and a nuclear crisis, wreaked havoc on the electronics supply chain, affecting both imports and exports.

The effect, however, was not so bad that the government would have to revise its export growth target for the year, Cristobal said.

“We see no need to revise our 2011 export targets yet. The export sector expects to pick up in the second semester. The considerations and conditions set in the (Philippine Export Development Plan) have helped us anticipate a possible contraction in the market,” he said.

“We have to continue to diversify export products and target high-growth markets and global supply chains such as Brazil, Russia, India, China and Asean,” he added.

The latest PEDP lays down the country’s exports roadmap for the next three years, detailing strategies on how the country can expand its product offerings so it can be less dependent on electronics and other intermediate goods. It also contains strategies for market expansion and marketing innovation.

Under this plan, the country should be able to more than double its exports to $120 billion by 2016, from $50 billion last year.

According to data from the National Statistics Office, Japan became the country’s top export destination, with export receipts reaching $932.2 million, in June.

The value of goods shipped to Japan grew by 13.4 percent in the first half.

Exports to Asean member-nations likewise increased by 6 percent and those to Australia, New Zealand, and India by 31 percent.

SOURCE: INQUIRER.NET

http://business.inquirer.net/12413/trade...econd-half
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#4
Posted on November 10, 2011 09:29:46 PM

IMI profits drop by 68% as of September


CHIPMAKER INTEGRATED Micro-Electronics, Inc. (IMI) continued to post a steep profit drop as of September even as earnings in the third quarter were nearly doubled from year-ago levels.

http://www.bworldonline.com/content.php?...r&id=41442
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
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#5
IMI declares dividends


LISTED CHIPMAKER Integrated Micro-Electronics, Inc. (IMI) yesterday declared cash dividends of 8.25% per annum for the four quarters of 2012 on its outstanding preferred shares.The record dates are Feb. 8, 2012, May 9, 2012, Aug. 10, 2012 and Nov. 9, 2012 for the first quarter, second quarter, third quarter and fourth quarter respectively, IMI said in a disclosure.The payment dates are Feb. 21, 2012, May 21, 2012, Aug. 23, 2012 and Nov. 22, 2011 for the first quarter second quarter, third quarter and fourth quarter respectively.

http://www.bworldonline.com/content.php?...s&id=42745
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
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#6
IMI suffers 31% income decline
By Zinnia dela Peña (The Philippine Star) Updated March 09, 2012 12:00 AM Comments (0)

MANILA, Philippines - Ayala-led chipmaker Integrated Micro-Electronics Inc. (IMI) reported a 31 percent drop in net income last year to $3.3 million as higher material and labor costs squeezed its bottom line.

http://www.philstar.com/Article.aspx?pub...eId=785109
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
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#7
Posted on April 13, 2012 06:43:57 PM

Ayala’s IMI lukewarm on IPO

AYALA-LED chip maker Integrated Micro-Electronics, Inc. (IMI) is leaning towards a private placement or equity raising rather than a full-fledged initial public offering (IPO) to meet the minimum public float level, officials said on Friday.

http://www.bworldonline.com/content.php?...O&id=49924
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
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#8
Hmmm.. ano basa niyo dito boss aiu?
may reversal kaayo in the next few days?
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#9
OK ito kasi Ayala. Go go go IMI!
“If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.”
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#10
(04-16-2012, 11:30 AM)urefowei Wrote: Hmmm.. ano basa niyo dito boss aiu?
may reversal kaayo in the next few days?

depende, malabo din kasi yung disclosure niya hehe wala silang stand sa issue..Big Grin
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
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