PEAK Peak Resorts Com (MM)

 CUSIP NO. G69586108

1. Names of Reporting Persons.
 I.R.S. Identification Nos. of above persons (entities only).

 Quaker Capital Management Corporation
 -----------------------------------------------------------

2. Check the Appropriate Box if a Member of a Group

 (a)
 ------
 (b) X
 ------

3. SEC Use Only
 --------------------------------------------

4. Citizenship or Place of Organization Pennsylvania
 --------------

Number of 5. Sole Voting Power 0
 Shares --------------
Beneficially 6. Shared Voting Power 1,011,463
 Owned by --------------
Each Reporting 7. Sole Dispositive Power 0
 Person --------------
 With: 8. Shared Dispositive Power 1,011,463
 --------------

9. Aggregate Amount Beneficially Owned by Each Reporting Person

 1,011,463
 ----------------

10. Check if the Aggregate Amount in Row (9) Excludes Certain
 Shares
 --------
 The Reporting Person disclaims beneficial ownership of 1,011,463 shares
 owned by its clients.

11. Percent of Class Represented by Amount in Row (9)

 8.14%
 --------

12. Type of Reporting Person IA
 -----------


 Page 2 of 6 Pages

 CUSIP NO. G69586108


Item 1.

 (a) Name of Issuer

 PEAK INTERNATIONAL LIMITED
 ------------------------------------------------------

 (b) Address of Issuer's Principal Executive Offices

 Flat E & F, 19/F., CDW Building, 388 Castle Peak Road
 Tsuen Wan, New Territories Hong Kong
 ------------------------------------------------------

Item 2.

 (a) Name of Persons Filing

 Quaker Capital Management Corporation
 ------------------------------------------------------

 (b) Address of Principal Business Office or, if none, Residence

 401 Wood Street, Suite 1300, Pittsburgh, PA 15222
 ------------------------------------------------------

 (c) Citizenship

 Pennsylvania Corporation
 ------------------------------------------------------

 (d) Title of Class of Securities

 Common Stock
 ------------------------------------------------------

 (e) CUSIP Number

 G69586108
 ------------------------------------------------------


 Page 3 of 6 Pages

 CUSIP NO. G69586108


Item 3. If this statement is filed pursuant to ss.ss.240.13d-1(b) or
 240.13d-2(b) or (c), check whether the person filing is a:

 (a) / / Broker of dealer registered under section 15 of the Act;

 (b) / / Bank as defined in section 3(a)(6) of the Act;

 (c) / / Insurance company as defined in section 3(a)(19) of the
 Act;

 (d) / / Investment company registered under section 8 of the
 Investment Company Act of 1940;

 (e) / X / An investment adviser in accordance with
 ss.240.13d-1(b)(l)(ii)(E);

 (f) / / An employee benefit plan or endowment fund in accordance
 with ss.240.13d-1(b)(1)(ii)(F);

 (g) / / A parent holding company or control person in accordance
 with ss.240.13d-1(b)(1)(ii)(G);

 (h) / / A savings association as defined in Section 3(b) of the
 Federal Deposit Insurance Act;

 (i) / / A church plan that is excluded from the definition of an
 investment company under section 3(c)(14) of the Investment
 Company Act of 1940;

 (j) / / Group, in accordance with ss.240.13d-1((b)(l)(ii)(J)

Item 4. Ownership
 ---------

 (a) The Reporting Person, in its capacity as investment adviser, may be
 deemed to be the beneficial owner of 1,011,463 shares of the Common
 Stock of the Issuer which are owned by various investment advisory
 clients of the Reporting Person in accounts over which the Reporting
 Person has discretionary authority. The filing of this report shall
 not be construed as an admission that the Reporting Person is, for
 purposes of Section 13(d) or 13(g) of the Act, the beneficial owner of
 these securities.


 Page 4 of 6 Pages

 CUSIP NO. G69586108


 (b) The shares covered by this report represent 8.14% of the Common Stock
 of the Issuer.

 (c) The Reporting Person has shared voting and dispositive power over
 1,011,463 shares owned by its clients and held in accounts over which
 it has discretionary authority.

Item 5. Ownership of Five Percent or Less of a Class

 If this statement is being filed to report the fact that as of the
date hereof, the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following:
 ----------

Item 6. Ownership of More than Five Percent on Behalf of
 Another Person

 All 1,011,463 of the shares with respect to which this report is filed
are owned by a variety of investment advisory clients of the Reporting Person,
which clients are entitled to receive dividends on and the proceeds from the
sale of such shares. No client is known to own more than 5% of the class.

Item 7. Identification and Classification of the Subsidiary Which
 Acquired the Security Being Reported on by the Parent
 Holding Company

 Not applicable.

Item 8. Identification and Classification of Members of the Group

 Not applicable.

Item 9. Notice of Dissolution of Group

 Not applicable.

Item 10. Certification

 By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held in the
ordinary course of business and were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.



 Page 5 of 6 Pages

 CUSIP NO. G69586108


 SIGNATURE

 After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.


 QUAKER CAPITAL MANAGEMENT CORPORATION



 February 14, 2008
 ------------------------------------
 Date



 /s/ Mark G. Schoeppner
 ------------------------------------
 Signature



 Mark G. Schoeppner, President
 ------------------------------------
 Name/Title







 Page 6 of 6 Pages