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Even if you don't think you do, you already know plenty about commodities. Want us to prove it? No problem.
What makes oil produced in Saudi Arabia different from oil exported from Nigeria? It's the same thing that makes the corn you ate at last summer¿s barbecue different from the corn used to produce ethanol. Stumped? Well, don't feel bad, it's a trick question. The answer? Absolutely nothing. Corn is corn no matter where it comes from -- just as wheat is wheat and natural gas is -- right! -- natural gas. (Though the quality may differ, the make-up is uniform.)
So, in less elaborate terms, corn and oil (and all other commodities) are homogenous goods that can be processed, resold and more often than not, used as an input to the production of other goods or services. These goods are traded on a commodity exchange, thus setting the price-per-barrel (or other metric unit) used to value them.
Now pay attention, here's a question that indeed does have an answer: What is the difference between a commodity and a stock? While a stock can tank and become worthless, a commodity cannot have its value be wiped to zero. One other difference: Most commodities are traded in futures, meaning traders buy and sell where they think the price of a product will be at a certain point in the future. Stocks trade based on the value of the underlying company at that point in time.
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Tuesday, July 08, 2008
Advanced Semiconductor Engineering, Inc. Announces Monthly Net Revenues
Comtex
TAIPEI, Taiwan, July 8, 2008 /Xinhua-PRNewswire-FirstCall via COMTEX/ ----Advanced Semiconductor Engineering, Inc. (NYSE: ASX; TAIEX: 2311, "ASE" or the "Company"), announces its unaudited consolidated net revenues for June and 2nd quarter of 2008.
Consolidated net revenues (unaudited) Jun May Jun Sequential YoY (NT$ Million) 2008 2008 2007 Change Change Net Revenues 8,584 8,640 7,974 (0.6%) +7.6% Q2 Q1 Q2 Sequential YoY (NT$ Million) 2008 2008 2007 Change Change Net Revenues 25,612 24,695 23,362 +3.7% +9.6%
Safe Harbor Notice:
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although these forward-looking statements, which may include statements regarding our future results of operations, financial condition or business prospects, are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on these forward-looking statements, which apply only as of the date of this press release. The words "anticipate", "believe", "estimate", "expect", "intend", "plan" and similar expressions, as they relate to us, are intended to identify these forward- looking statements in this press release. Our actual results of operations, financial condition or business prospects may differ materially from those expressed or implied in these forward-looking statements for a variety of reasons, including risks associated with cyclicality and market conditions in the semiconductor industry; demand for the outsourced semiconductor packaging and testing services we offer and for such outsourced services generally; the highly competitive semiconductor industry; our ability to introduce new packaging, interconnect materials and testing technologies in order to remain competitive; our ability to successfully integrate pending and future mergers and acquisitions; international business activities; our business strategy; general economic and political conditions; possible disruptions in commercial activities caused by natural or human-induced disasters; our future expansion plans and capital expenditures; the strained relationship between the Republic of China and the People's Republic of China; fluctuations in foreign currency exchange rates; and other factors. For a discussion of these risks and other factors, please see the documents we file from time to time with the Securities and Exchange Commission, including our 2007 Annual Report on Form 20-F filed on June 30, 2008.
Contact: ASE, Inc. Joseph Tung, CFO or Vice President Freddie Liu, Vice President Allen Kan, Manager Tel: +886-2-8780-5489 Fax: +886-2-2757-6121 Email: ir@aseglobal.com Website: http://www.aseglobal.com US contact: Clare Lin, Director Tel: +1-408-986-6524 Email: clare.lin@aseus.com
SOURCE Advanced Semiconductor Engineering, Inc.
http://www.aseglobal.com
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