ATML's future Message Board

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Technology Stocks : ATML's future

ATML 8.140

0.0%

Apr 12 5:00 PM EST

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To: Dana Breite who wrote (114)	4/10/1997 9:44:00 PM
From: Vikas	of 195

Dana/Clark, Atmel's fall of 1 7/8 today with the Nasdaq down 15 is not that bad. In fact, I will argue that earnings were not as bad as many think. I think we'll close near 25 next Friday (27 1/2 if Intel's numbers are good). In fact, Intel has slid over 10 points now very quickly. If it continues to sell off tomorrow and Monday, look for a bounce-up from the entire sector on Tuesday. Atmel hinted today that 2q is on target (they always meet or beat estimates). When they report again in July, I'm expecting a strong positive statement regarding the 2nd half of the year. My analysis for today: initial euphoria over a decent forecast followed by nervousness in the market followed by a Nasdaq crumble, leading to a semi-bad ATML close. Those who think the world's coming to and end should ask themselves, "Has Atmel fallen 1 7/8 in the past when Nasdaq was down 15?". Vikas

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