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

To: JBTFD who wrote (7919)	2/20/1998 7:50:00 PM
From: brushwud	Read Replies (2) \| Respond to of 13565

Your math is ok, but with all due respect, you're adding apples and oranges. The $160 million writeoff was pre-tax, and the $95 million loss was after-tax. If you look at their last financial PR, you can see that their net loss before taxes was $142ÿmillion, so they got a tax benefit of $47ÿmillion, resulting in an after-tax loss of $95ÿmillion. If you take out the writeoff, they'd have an $18ÿmillion profit before taxes and with a tax rate of around 33% like they had in the same quarter the year before, they'd have had taxes of $6ÿmillion and net income of $12ÿmillion, or $0.12 per share. After saying all that, I'm not sure how relevant it may be since the future is of more interest, but it makes you wonder about the quality of all their numbers prior to 4Q97.