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

To: William L. Molair II who wrote (7822)	1/15/1998 6:21:00 PM
From: Tom Nguyen	Read Replies (1) \| Respond to of 13565

William, The company announced a loss last week. Tom

To: William L. Molair II who wrote (7822)	1/15/1998 8:18:00 PM
From: hpeace	Read Replies (1) \| Respond to of 13565

the street is expectiong a loss with the 160 million charge

To: William L. Molair II who wrote (7822)	1/15/1998 8:49:00 PM
From: Bipin Prasad	Respond to of 13565

William, ATML said it expects to report a loss... Tuesday January 6, 5:22 pm Eastern Time Atmel Sees 1997 Fourth Quarter Loss ATMEL CORP. Sees 1997 Fourth Quarter Loss Jan. 6, 1998, Atmel Corp. (Nasdaq:ATML - news) said it expects to report a loss in the fourth quarter of 1997 due to charges relating to accounts receivable, inventory and consolidation of its Fab operations in France, which are estimated to amount to about $160,000,000. ATML said revenues for the quarter are expected to be flat compared with 1997 third quarter revenues. For the fourth quarter of 1996, ATML reported net income of $53,644,000, or $0.53 per share, on revenues of $281,112,000. For the third quarter of 1997, the company reported net income of $30,349,000, or $0.30 per share, on revenues of $240,050,000. The company attributed the fourth quarter revenue outlook to the ''inability of certain Asian customers to open letters of credit for orders previously scheduled for shipment in December.'' In attributing the charges, the company said it felt it ''prudent'' to take a charge against its receivables and write down its inventory to reflect lower market prices. regards, BPP