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Technology Stocks : Atmel - the trend is about to change
ATML 8.1400.0%Apr 12 5:00 PM EST

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To: stockbug who wrote (9733)4/23/1999 8:25:00 PM
From: Richard H.   of 13565
 
We know this:

Net income before accounting change .17
Actual net income per share (.12)

Here's my uninformed calculation of adjusted EPS

Operating income as stated 20,723
Other income 5,367
less: Pre tax gain on sale of asset 14,500
Adjusted income from operations 11,590
Provision for income taxes 34% 3,940
Adjusted EPS from operations .0766 rounded to .08

I'm not an accountant, but this seems to make sense.

I am long ATMEL and was hoping for a little better results,
but they are what they are.
I think we have had a good run and traders
were buying the last few weeks in anticipation of extraordinary earnings results.
When it didn't happen, they sold.

I think we should focus on Managements positive comments
in the press release and the direction of the
Company described by George Gilder and others.

Happy Investing.

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