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

To: Jim Lou who wrote (8528)7/1/1998 10:35:00 AM
From: JakeStraw  Read Replies (1) | Respond to of 13565
 
Here's a company that in 1/98 announced a stock buyback of up to 5 million shares. Real fiscally sound idea with soft sales.

Then in 2/98 announced the acquisition of a unit of Temic for $140 million in cash. Hmmm are they growing this money on trees?!

Finally in 6/98 announces another acquisition of DCT and then like 8 days later says, oh by the way, we are cutting 650 jobs (10% of their workforce!) due to continued weakness in the semiconductor market and will take a $70 million dollar charge for restructuring. Let's get real here!!




To: Jim Lou who wrote (8528)7/1/1998 10:41:00 AM
From: JDN  Respond to of 13565
 
TO ALL: From where I sit, this looks to me like an excellent opportunity to pick up a good company on the cheap. That is, providing you have a long range horizon. JDN


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