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

To: stockbug who wrote (7602)	12/16/1997 12:36:00 PM
From: Frank Chen	Read Replies (2) \| Respond to of 13565

To all, ATML is not releasing any positive news. I think it's not because the market don't responds to good news, it's primarily because they don't have any particularly good stories to tell the investors. Either the trend for btb in Dec. is bad, or the startup cost is higher than expected, it's even possible that the Japanese market looks really bad right now. The quarter and Dec. month are close to the end. They should have a pretty good idea by now about the revenue and earning picture. With this downgrade and soft pricing for flash, I think it's more likely to drop to 10-15 range now. The best action for people who don't want to sell the stock would be just buying puts for their holdings, just as I said in recent posts. I think the big boys already cashed out two months ago. Good luck to all who's holding long. Frank