Article: STATS Reports Fourth Quarter and Annual 2001 Results; Improving Business Conditions, Net Revenues Up 20.9% Sequentially.

Business Editors/High-Tech Writers

SINGAPORE & MILPITAS, Calif.--(BUSINESS WIRE)--Jan. 29, 2002

ST Assembly Test Services Ltd (Nasdaq:STTS)

 
-- Net revenues of $33.9 million in Q4 2001 
 
-- Loss per ADS of $0.48 in Q4 2001 

ST Assembly Test Services Ltd ("STATS") -- (Nasdaq:STTS) and (SGX:ST Assembly), a leading semiconductor test and assembly service provider, today announced results for the fourth quarter and year ended December 31, 2001.

Harry Davoody, President and Chief Executive Officer said, "Reflecting the improving tone in our business, revenues for the fourth quarter increased 20.9% over the third quarter, ...

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