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Technology Stocks : Atmel - the trend is about to change -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (9942)	6/17/1999 11:26:00 AM
From: turbi	Respond to of 13565

Hi thread -- well, this morning was fun, reading about thirty posts on this thread. I note that some of you were also here for the 48+ high and the precipitous decline in advance of bad news. So let me continue the theme of several of the posts, looking at Atmel long term. Long term is a good perspective especially when the day-to-day price is so volatile. If indeed Atmel's contracts, agreements, and reorganizations find their way to increased earnings, I see a strong P/E ratio (based on strong earnings growth percentages) over the next year. As a result, I really do see Atmel at 80, as I've mentioned previously, during the year 2000. Obviously, if earnings continue to disappoint, all bets are off. But I don't think they will disappoint. I think the company has addressed many of the major issues (such as moving increasingly away from commodity business and increasingly toward proprietary business, where profit margins can be much higher), and so earnings will follow nicely. Look for projected $2.00/share for 2001 (an increase of anywhere from 60% to 90% over projected 2000 earnings of $1.05 to $1.25 per share) and hence a forward P/E next year of 40 (hence, my projected $80/share). And I think that's conservative. Am I whistling in the wind...or past the graveyard? Cheers/t