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

To: Michael Sphar who wrote (8722)	8/4/1998 3:13:00 PM
From: William Grady	Respond to of 13565

Atmel has been showing some strength in holding at $10 lately if we can hold $10 today with the market down over 40 points I'll consider that a moral victory. Trading right now at 9 15/16.

To: Michael Sphar who wrote (8722)	8/4/1998 10:08:00 PM
From: Jim Lou	Respond to of 13565

Micheal, since you mentioned China, you should know that 1) The majority of the economy remains state owned which is what effectively fenced China off from Asian crisis. Private sector suffered. However, we need to know whom ATML is dealing with, state or private sector. I do not know. I suspect that atml sells to state telecom buz which is not privatised and large private computer and cell phone makers in HK. 2) There are a few sectors that are pulling off the ground in China: 1) cell phone business, 2) PC, 3) private cars, 4) internet infrastructure. These market will grow slowly, but that's where growth is, although the gov has imposed restriction on 8% GDP growth this year. In the past 5 years, GDP has been around 10-11%. We are not talking about Taiwan, Singapore, Korea, ... where such markets are well developed. Not so in China. I think that was in their second qtr report, they said business better in HK which set off weakness in Japan. They positioned in China, Europe and North America which I think is pretty smart strategy and will profit from it. 3) Floods and deaths. True, this will cause further slow down of the economy. By the way, Tokyo and Soule are all in deep water, as I heard from the news today. Is that gonna channel water to Atmel floor? The timing for the entire market is not there. The company is well managed, and dishing out new products. I would hang in tough.