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

To: hpeace who wrote (7452)	12/2/1997 10:40:00 AM
From: hpeace	Read Replies (2) \| Respond to of 13565

thread, her's the problem with atml NEW YORK -(Dow Jones)- Investors Tuesday grew pessimistic over makers of so-called programmable logic chips after Altera Corp. said weak orders in November will mean flat revenue in the fourth quarter. In Tuesday morning trading, shares of Altera (ALTR) were off $10.75, or 21%, at $40.938. Shares of other programmable-chip makers also fell. Lattice Semiconductor Corp. (LSCC) stock was off $4.125 at $54.875. Shares of Xilinx Inc. (XLNX) were down $4.75, or 12%, $35.688. At least three analysts lowered their ratings on Altera. Altera (ALTR) officials earlier had said orders in November were very weak, and that fourth-quarter earnings will be flat unless there is a "major recovery" in December. In the third quarter, the San Jose, Calif.-based company had net income of $38.8 million, or 40 cents a diluted share, on revenue of $162.1 million. Eighteen analysts surveyed by First Call expect Altera to earn 42 cents a share in the fourth quarter. As a result, ABN AMRO Chicago Corp. lowered its rating on Altera to "hold" from "buy," analyst David Wu said. Wu said he had previously anticipated Altera would have 7% revenue growth in the fourth quarter, but he now expects flat growth from the third quarter to the fourth. Wu said he called Altera officials to get an explanation for its 10.4% rise in share price Monday. He said officials said the company experienced a weak November as customers pushed out orders across "all geographies and market segments." Morgan Stanley downgraded Altera to "neutral" from "outperform" while Volpe Brown Whelan downgraded the stock to "buy" from "strong buy." No further information was available on those downgrades.

To: hpeace who wrote (7452)	12/2/1997 2:20:00 PM
From: RON JANOWSKI	Read Replies (1) \| Respond to of 13565

Steve do you still think selling ATML naked 22.5 put is a good move today with this altera downgrades I am geting ready to call my broker soon ??? P.T.L. ...Ron J

To: hpeace who wrote (7452)	12/2/1997 8:04:00 PM
From: William L. Molair II	Read Replies (2) \| Respond to of 13565

Steve, Called investor relations today. Got the following info : 1.) Earnings to be reported around January 15th. 2.) ATML has not made any public comments about the problems in Asia and is only aware of one brokerage firm making comments about their business. 3.) All of their business is dollar based with the exception of Japan. In Japan, 50 percent is dollar based, 50 percent yen based. 4.) Roughly 45 percent of their business is in Asia. 5.) So far has no plans to make any preannouncements. Then again, the IR lady probably wouldn't know until the info was ready to be distributed and couldn't comment at that time. 6.) New products seem to be receiving "wide acceptance". 7.) Has not seen any slowdown in their business at this point. All of this should be taken with a grain of salt. IR refused to comment on stock price and stated several times that the info discussed was based on "her limited knowledge". Hope this helps.