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Technology Stocks : Atmel - the trend is about to change
ATML 8.1400.0%Apr 12 5:00 PM EST
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To: John Finley who wrote (9679)4/22/1999 8:01:00 PM
From: quidditch  Read Replies (3) of 13565
 
Bruce's observation is correct. It's difficult to understand how the auditors can allow the non-recurring gain in operating income. Any way you look at the income statement, however, that $14.9 million is buried in top line. In the textual discussion of the release, Perlagos says (in effect burying this item in a long sentence) ATML was "benefitted" by the asset sale, all this before the accounting change. I agree with thread that statements in the PR were positive, but this is not the way to handle this accounting issue if ATML want to regain credibility with the Street.

JMO. Regards. Liacos_samui
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