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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: quidditch who wrote (9680)4/22/1999 8:21:00 PM
From: OZ  Read Replies (1) of 13565
 
When I read the report, it IS very easy to believe that the one time capital gain bolstered the net earnings per share. But if you subtract the capital gain (14.9) from the net earnings (16.7) and recompute the EPS, the new number is only 2 cents per share net earnings for the quarter. Based on this math, I find it almost impossible to believe that ATML came in this low. Not when you read all the positive points mentioned in the report. The effect of the one time capital gain on net earnings per share must be either NONE AT ALL or somehow SPREAD across the quarters (thereby diluting) by the accountants. I hope this theory holds, as I am long w/ 100 contracts at 20 and 22.5 May expiration.

regards,
OZ
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