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 (6)	3/7/1997 12:27:00 PM
From: Simon Withers	of 195

<<<It really is ironic to watch a great company go down the tubes when the rest of the market is rallying on lukewarm news about employment.>> This is quite the most wise comment I think I've read in a long time. The fall of the Yen in the last year has been very sharp, and must have caught a lot of exporters off guard, but ultimately this can only help Japanese manufacturers of electronic goods to shift their product overseas. That's what they excel at, and as long as their products continue to contain Atmel chips then this company will prosper. Atmel's long-term prospects depend on the continued take-up of mass-produced consumer electronics and not short term fluctuations in the $/Yen fx rate. I know where my money sits, anyway. For what it's worth right now, bear in mind that i) ATML always overreacts both upside and downside, so it won't be down in the 20's for very long. ii) Their management are notoriously pessimistic (and this is really no bad thing). There could be a small, if pleasant surprise in the next earnings statement yet. By the way, most Atmel watchers hang out on another thread called Atmel - the trend is about to change. It's a good thread with some knowledgeable folk so do come and join us there. Simon

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