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

To: FISHERMAN who wrote (7735)	1/6/1998 10:21:00 PM
From: Sunny Jim	Read Replies (2) \| Respond to of 13565

It looks like what we used to call the "big bath" in business school. Since it is fourth quarter, they are going to clean out the closet with a bunch of stuff that I guarantee you didn't just come up this quarter. Think about it, $160 million in charges when revenue is only $240 million and they were forecasted to make $30-40 million to boot(I don't know the exact amount or their exact number of shares, but they were forecast to make in the $.30-$.40 cents this quarter and with 100 million shares, that's $30-40 million if my math is correct). Now we're talking real money, $190-200 million of big bath. My only hope is that after this, they better have a squeeky clean balance sheet so that 1998 has a decent chance of being good. Sure hope that they're not holding anything back. Oh no, I see a bunch of class action lawyers sharpening their teeth.