Atmel - the trend is about to change Message Board

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Technology Stocks : Atmel - the trend is about to change

ATML 8.140

0.0%

Apr 12 5:00 PM EST

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To: John Finley who wrote (9697)	4/23/1999 9:10:00 AM
From: quidditch	of 13565

John: Yes, this could be the explanation, and hopefully is. Someone at IR and Finance needs to tell the company how to write these things. The PR said this: "As anticipated this quartr, we recognized an exceptional acounting write-off of start-up costs...of $29.1 million after tax due to a change in accounting principles while benefitting from a $14.9 million pre-tax gain from asset sales." You said: <With the increasing revenues reported and the EPS last quarter this doesn't make sense.> Also agree with you. But looking at the P&L, the COGS and SG&A could account for that. I dunno. Hope you're right. Let's see how the market takes it. Thanks for the alternate interpretation. Regards. Liacos_samui

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