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To: JD who wrote (5354)1/7/1998 10:08:00 AM
From: JD  Respond to of 116753
 
More of the same.

Atmel falls 41.5% because it failed to make a Q4 profit.

IMHO at some point there's going to have to be some sort of watershed effect across the board, sector cycles or not.....

from Yahoo business news online
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NEW YORK, Jan 7 (Reuters) - Shares in Atmel Corp tumbled in pre-opening trade Wednesday after the maker of integrated circuits said it would report a fourth-quarter loss.

''Atmel is getting hammered,'' a trader said. The shares were trading down at 13-3/4 from a Tuesday closing price of 19-6/16.

The company said late Tuesday it would report a fourth-quarter loss after taking a $160 million charge for inventory writedowns. It said some Asian customers were unable to get credit for purchases.
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JD