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: Jim Lou who wrote (8528)	7/1/1998 10:35:00 AM
From: JakeStraw	Read Replies (1) of 13565

Here's a company that in 1/98 announced a stock buyback of up to 5 million shares. Real fiscally sound idea with soft sales. Then in 2/98 announced the acquisition of a unit of Temic for $140 million in cash. Hmmm are they growing this money on trees?! Finally in 6/98 announces another acquisition of DCT and then like 8 days later says, oh by the way, we are cutting 650 jobs (10% of their workforce!) due to continued weakness in the semiconductor market and will take a $70 million dollar charge for restructuring. Let's get real here!!

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