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

To: FISHERMAN who wrote (7634)	12/17/1997 12:47:00 AM
From: Mark Sanders	Respond to of 13565

Tim and all, Two block trades after the bell today: one for 62,800 shares and another for 119,500 shares. Both went through at 18 1/16. Most likely Volpe Brown gobbling up cheap shares that they caused today. As far as Mark Lazlo goes, I saw his great track record as well, and its somewhat comforting during these bleak times. This market has gone somewhat irrational on Atmel (no news to cause the decline... just 2 analyst downgrades in the past 2 weeks...without them, ATML would probably be in the 23-25 range right now). But just look at Solectron and Micron, who reported weak earnings. SLR went up 6 and Micron gained as well. Atmel has gone down over 50% since their earnings release. If they meet their estimates, or even come a penny or two below, you will see a rally in January. And as far as a 40-45 12-month price target, Atmel will hit it...it has for the past 3 years been in this see-saw cycle. Mark