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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (29467)	7/2/1998 10:21:00 AM
From: Knighty Tin	Respond to of 132070

Tip, I have nothing against Atmel's management other than the fact that they have been a bit touty in the past. I do like the concept of breakeven, as it is something I predicted as being in their future in the July 1996 "Business Journal of Silicon Valley." I was skewered good for that one. <G> But they are not in the MU category of earnings scamsters. Microchip is a member in good standing of the scamster category. Even CNBS mentioned that they wrote off inventory to "make" their eps. Of course, now next quarter will be "better than expected" for earnings and margins. That often happens when what you sell is now at a zero cost basis. <G> The suckers fall for this crap over and over again. But this time they seem to have caught Microchip red-handed. The poor co. is probably wondering why they don't get away with writeoff scams the way IBM, Chase and other big cos. do. It is because the main analysts on this co. are buy side shorters, and some of them have brains. The analysts of the big cos. are all planning a visit to The Emerald City to ask Oz for some of that gray stuff. <G> MB