Eddie, Funny, when Edelstone and I had duelling quotations in "The Business Journal of Silicon Valley," July 15, 1996, page 23A, he was very bullish on the chip business:
"'I see no way for Atmel to maintain the margins that support its high profits for long,' Burke said.
But Mr. Thomas' bullish move makes sense <the insider bought more Atmel at the top> to Mark Edelstone, semiconductor analyst at Prudential Securities <looks like Mark abadoned The Rock for the hard place -g- >. 'First of all, the stock is undervalued. Secondly, they continue to execute.'"
I guess these analysts only see things when they become totally obvious. However, Atmel is now executing $18 and 56% lower in price. Perhaps the Edelstones of the world are the ones who should be executed. <G> It is one thing to change your tune and quite another to change it from "Everything's Coming Up Roses" to "The Eve of Destruction."
Anyway, who said I didn't toot my horn enough? <VBG> Thanks for posting the piece.
MB
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