Stats ChipPac

Stats ChipPac: Co. not aware of any news that could explain its surge in share price. Grp lowers expected Q3 net revenue and said it expects its 3Q net rev to decline 3-5% from 2Q, after it had said in Jul that it expected its 3Q net rev eto remain unchanged from 2Q. Co. cited ‘weakness in the PC end market and delay in supply of advanced silicon node wafers for high end smartphones’ for its dimmer outlook. The outlook is subject to a number of risks and uncertainties that could cause actual events or results to differ materially from those disclosed in the outlook statements, it added.