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

To: kvogel who wrote (7974)	3/5/1998 11:56:00 AM
From: Frank Chen	Respond to of 13565

ATML will probably drift lower before the next earning release. I expect my buying sugnal be triggered in the next 3 to 4 weeks. However, in current investing atmosphere, I got to be more careful. Like I said 3 months back, I want to see the earning before commiting any amount of money to the stock. And I would like to hear what the management has to say. If the revenue could be above 250M, and eps above 0.33, I would consider that as an early indication of true turn-around. It's never too later to buy this stock if the future picture is clear after this Q. As I said, if the earning is increasing, the revenue is increasing, the pricing is stable, the book-to-bill is >1.1, I am willing to pay even $20/sh for it. I am always very interested in cyclical stocks. I do think this stock has more potential than those HD stocks, because it's not so widely followed at present time, and ATML's competitors are exiting the market. so there's a good chance when the next wave of demand increase comes, this company is the only one left to take advantage of it. Frank