HSINCHU, Taiwan, May 6 /PRNewswire-Asia-FirstCall/ -- ChipMOS TECHNOLOGIES (Bermuda) LTD. ("ChipMOS" or the "Company'') (Nasdaq: IMOS), a leading independent provider of semiconductor testing and assembly services, today announced that it has regained compliance with the minimum bid price requirement of NASDAQ Listing Rule 5550(a)(2). On May 5, 2010, the Company received written notice from the NASDAQ staff confirming that the closing bid price of the Company's common stock has been at $1.00 per share or greater for the last 11 consecutive business days, from April 20, 2010 to May 4, 2010. The Company earlier disclosed information about the status of its minimum bid price requirement compliance on September 17, 2009, February 8, 2010 and March 17, 2010. ChipMOS has and continues to meet all aspects of NASDAQ's stringent regulatory, corporate governance and financial requirements, other than NASDAQ's minimum bid price requirement, which it again now also meets.
About ChipMOS TECHNOLOGIES (Bermuda) LTD.:
ChipMOS (http://www.chipmos.com ) is a leading independent provider of semiconductor testing and assembly services to customers in Taiwan, Japan, and the U.S. With advanced facilities in Hsinchu and Southern Taiwan Science Parks in Taiwan and Shanghai, ChipMOS and its subsidiaries provide testing and assembly services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries.
Forward-Looking Statements
Certain statements contained in this announcement may be viewed as "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. Further information regarding these risks, uncertainties and other factors is included in the Company's most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the "SEC") and in the Company's other filings with the SEC.
Contacts:
In Taiwan R.O.C.
Dr. S.K. Chen
ChipMOS TECHNOLOGIES (Bermuda) LTD.
Tel: +886-6-507-7712
Email: s.k._chen@chipmos.com
In the U.S.
David Pasquale
Global IR Partners
Tel: +1-914-337-8801
Email: dpasquale@globalirpartners.com
