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

0.0%

Apr 12 5:00 PM EST

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To: Frank Chen who wrote (7575)	12/13/1997 4:36:00 PM
From: Paul Kim	Read Replies (2) of 13565

Frank, I believe you are too aggressive in predicting a bottom price for ATML as low as 10. Even in a sheer commodity play, the bottom is usually 30% above book (as in the case of MU in the summer of 1996)in the worst doom-gloom outlook. But unlike MU and its RAM products, ATML's products are a bit more resilient to price susceptibility as its products are not a sheer commodity. IMHO given the current book at $9, The bottom should be right around where we are now and not much lower. Long on ATML, PK

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