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

To: turbi who wrote (9995)	7/7/1999 11:12:00 PM
From: Ian@SI	Read Replies (1) \| Respond to of 13565

Herwick Capital Sees Growth In Some Chip Cos. By Johanna Bennett NEW YORK (Dow Jones)--Last year, Robert Herwick wasn't into computer chips. The semiconductor sector was still reeling from the Asian financial crisis and supply-and-demand problems within the personal-computer market. And Herwick, head of a San Francisco hedge fund, wasn't eager to jump in ... at least not then. He is now. Since September, Herwick, president of Herwick Capital Management, has been looking for growth opportunities among semiconductor and semiconductor-equipment companies. But since he considers major names like Intel Corp. (INTC), Applied Materials Inc. (AMAT) or PMC-Sierra Inc. (PMCS) too expensive, Herwick scans his radar screen for smaller secondary issues, many of which are either directly or indirectly related to the communications industry where supply and demand is coming into balance. "There are very high-growth areas within semiconductors," Herwick said. "I am trying to find plays in the growth areas, which are communications and system-on-a-chip design." One of those blips on Herwick's radar screen is Atmel Corp. (ATML), a San Jose, Calif., chip maker whose products include flash memory cards for cell phones. With many predicting a turnaround in the Asian economy, the cell phone market is expected to pick up, Herwick said. Meanwhile, the sector has managed to complete a transition in technology from analog to digital, he added. "Were pretty much through that transition, and Asia is recovering,' Herwick said.

To: turbi who wrote (9995)	7/8/1999 10:00:00 AM
From: Richard H.	Respond to of 13565

From MS Company Update: "During the last several months, we believe that the combination of a more value-added product line has combined with less aggressive pricing trends in the nonvolatile memory market to promote stronger order patterns and improved visibility for Atmel. Although we do not believe that Atmel will be able to upside our second quarter earnings estimate of $0.13 per share (which is in line with the consensus estimate), the company appears to be well positioned to enjoy accelerated revenue growth and the potential for positive earnings surprises in the second half of this year and throughout 2000." Happy Investing!!