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Technology Stocks : ATML's future
ATML 8.1400.0%Apr 12 5:00 PM EST

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To: Chris who wrote (153)4/23/1997 11:18:00 PM
From: Dana Breite   of 195
 
Hi, Chris. Lower earnings expectations are definitely not good, unless you just want to cash on in the event of meeting or beating estimates. Notice how ATML didn't participate in today's Nasdaq rally. So far ATML has blamed its woes on the strong dollar, and I think those concerns are very real. There is more economic data out next week, and some on CNBC are expecting the news to increase fears of more Fed action in raising the discount rate; therefore, we will probably see the long-bond yield go up. If it does, I'm going to cover my ass by buying zero-coupon Treasuries. I'm long ATML and I don't think it will go much lower, but I'm not ready to average down yet. Best of luck to you, Dana
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