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

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Apr 12 5:00 PM EST

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To: hpeace who wrote (7504)	12/7/1997 2:02:00 PM
From: jerryrom	Read Replies (2) of 13565

Message 2895147 Big bad Tom Kurlak Merrill Lynch's Tom Kurlak is scaring investors again. This past week the controversial analyst said that the semiconductor industry is in a major market correction, "the kind that can take years to resolve itself. It's a slowdown that started in August and has been gaining momentum," he says. "We're concerned it will get worse before it gets better." Some chip makers this week were warning the Street about mediocre results. Altera sees flat sales and earnings in the 4th quarter, without the 5% hike in net it had predicted earlier. LSI Logic also sees 4th quarter flat sales, if not down slightly, Crista Souza writes in EBN. But opinion is divided Other analysts are more upbeat and predict the chip industry next year will show a slight recovery, if not a return to more normal growth patterns., "Growth is still positive; it's just at a lower rate," UBS Securities' Charles Boucher tells EBN. It also will take at least another quarter to determine what effect, if any, Asia's economic woes will have on the global chip market, Boucher says. Meanwhile, chip makers are building lots of new capacity. But VLSI Research's Dan Hutcheson says "there is not really excess capacity. Everyone's running at capacity right now," he insists. "I don't see things being tough next year."

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