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: William Grady who wrote (8721)	8/4/1998 2:47:00 PM
From: Michael Sphar	Read Replies (2) of 13565

I'd say $7.ish would be a good "next buy" point. Not much exciting news out there. Fear and trepidation abounds that Asia will continue to deflate into a depression. The LDP fiddles while the yen falls. China is suffering trying to hold things together. Massive flooding now with "untold" toll in human, material, and renminbi, plus massive unemployment due to conversion of state controlled money-losing enterprises. The rest of Asia staggering. No capitulation in worldwide DRAM market share war, in fact NEC plans capacity uplift, same with Siemens and MU, at 64Meg level. Koreans holding strong with some minor shutdowns. US reaction to Asia shutdown about 12 months delayed. Look for serious down turn in US economy by next summer. The market will forecast it. As the indicators and high flyers finally fall, stocks like ATML will base. No base yet.

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