Tuesday, August 15, 2006

EETimes.com - Amkor loans jeopardized by filing delay over options

"Amkor Technology Inc., a provider of semiconductor assembly and test services, said it has not filed its quarterly financial results on time by Nasdaq rules and that banks have alleged that this failure puts the company in default on about $1.62 billion in loans.
Amkor (Chandler Ariz.) had previously said its board had formed a special committee of independent directors to undertake a voluntary review of its historical stock-option practices on July 26 at the same that it issued a press release announcing the quarterly financial results for the company. "

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