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

To: Vikas who wrote (8071)	3/24/1998 4:48:00 PM
From: Jim Lou	Read Replies (1) \| Respond to of 13565

Vikas, how much April 15 puts cost and when do they expire? I like your cautious attitude. I think Atml may report a profit this time, however, one should aways be prudent, especially in this El Nino season. Atml bounced well today on bad news. My guess is, these are not really bad news: the law suite will not cost Atml a cent and Atmel will not loose market shares to these smaller players. Other factors: 1) Atml is well positioned in the European market; 2) Asia is recovering fast. The CEO's prediction of "growing revenue moderately in 1st Q, absent of further deterioration in Asia" may be realized. Volume shows strong accumulation. Let's see how this week will end. Best.