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

To: Frank Chen who wrote (7575)	12/13/1997 4:36:00 PM
From: Paul Kim	Read Replies (2) \| Respond to of 13565

Frank, I believe you are too aggressive in predicting a bottom price for ATML as low as 10. Even in a sheer commodity play, the bottom is usually 30% above book (as in the case of MU in the summer of 1996)in the worst doom-gloom outlook. But unlike MU and its RAM products, ATML's products are a bit more resilient to price susceptibility as its products are not a sheer commodity. IMHO given the current book at $9, The bottom should be right around where we are now and not much lower. Long on ATML, PK

To: Frank Chen who wrote (7575)	12/14/1997 11:32:00 AM
From: SLN	Read Replies (2) \| Respond to of 13565

<<did you try to get the exact BTB # for Nov.? Above 1.0? Your answer would be appreciated.>> I asked but she would not provide the answer. Instead, she stated that it was company policy not to issue B-T-B except at the end of the quarter. My impression and based upon my limited knowledge, however, I would be surprised (really shocked) if it was below 1. "Slight decrease" to me means a decrease on the scale of .05 to .1, which would put it area of 1.1 to 1.15, still fairly good numbers. One other point regarding SEA, if everyone believes that SEA companies are going to dump their products onto the world market (which is most probably the case), wouldn't it make sense that they would not only be dumping components but also finished products? ATML sells a whole heck of a lot of components that go into finished Asian goods that are then sold back around the world. It's my understanding that many of the ATML components are not easily obtained from other sources. If so, one would expect significant benefits to ATML and other component manufacturers. Anyone agree or disagree?