Agreed, Mario, and the 70/30 split is in flux, and may tend to further extend toward the FPGA, SiGe, ASICs and Smartcard continue to become used/incorporated in an increasing number of devices. In particular, the Smartcard division acquired from MOT at the end of 1998 is at the early adoption phase. Amex's endorsement can only be positive developments.
LSI, like ATML, has also not shaken off the memory chip association, as its price has lagged ever since Joseph's analysis was published.
Now, what ATML needs to do, is to post solid earnings, more than a penny beyond estimates, and without any gimmicks. The Street still sees ATML's earnings power as undercut by surprises, big surges in R&D or other dampening influences. Time to deliver.
Steve |
