(IMOS:NASDAQ) released its fourth-quarter and year-end earnings. Revenue was up 15.8% for 2007 compared with 2006. I am happy to see that the company is still growing its revenue despite pricing pressure in the industry.
More importantly, ChipMOS spent significant money in the fourth quarter to lower its debt, helping to increase shareholder equity in the process. But even with this spending, the company increased its cash situation compared with the third quarter last year.
Shares seem to have put in a bottom and the book value is greater than the market price. I believe the company is on the right track with shareholders in mind.
We can expect to see even larger numbers this year as electronics continue to flood the global economy, which should wake Wall Street from its slumber. Nibble away at IMOS.