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Technology Stocks : ATML's future
ATML 8.1400.0%Apr 12 5:00 PM EST
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To: John Grandy who wrote (22)3/7/1997 10:14:00 PM
From: AMS   of 195
 
I agree with Turtle Pad in that a 10% drop in revenue could result in a large drop in profits. The issues that were highlighted (i.e the yen, price pressures, problems qualifying customers) do not suggest that costs have been reduced along with the reduction in revenue.

I have been looking to buy ATML for a few weeks. I actually placed a limit order at $28 yesterday. Lucky for me, my broker called this morning prior to opening to warn me of the bad news and I was able to cancel. I will sit out a little longer to see where it goes from here.
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