ATML's future Message Board

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Technology Stocks : ATML's future

ATML 8.140

0.0%

Apr 12 5:00 PM EST

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To: Chris who wrote (3)	3/6/1997 8:30:00 PM
From: TEColeman	of 195

Its nice to see some fundamental discussion going on. I'm not a big technical analysis person, so I haven't paid much attention to the other thread. Maybe this one can talk a little more about fundamentals. I bought Atmel for a few reasons. Not only because the PE was relatively low for a tech company (<20), but the historical growth in earnings for this company has been about 68%. Zaks predicted growth for next year is about 23%. Today's closing price against the last years earnings yields a PE around 16. Therefore, the PEG ratio (Price to Earnings to Growth) is about 0.7. It is starting to get into an attractive buy region. Also, the historical spread on the PE for this company has been between 10 and the upper 20's (again in an attractive region). I am also impressed with Atmel's products and ability to deliver. Looking at their databooks shows that they have really expanded their product line in the last few years. Finally, just a gut feeling, I believe the memory prices will start to rise, improving Atmel's profit margin. I too bought around 40, but I'm hanging in there for the long haul. I'm wondering if I should get more. TEC

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