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


To: starpopper who wrote (8730)8/6/1998 2:12:00 PM
From: turbi  Read Replies (2) | Respond to of 13565
 
Rambus at a P/E of 200+ ? Sounds good to me. not.

Seriously, Atmel is technically rebounding today, and may continue for awhile. Or it may just decide to bleed lower. At this point, we need to take a 6-12 month perspective, and then only if it begins to turn its earnings around. I do believe, based on what I perceive to be its fundamentals, that (barring a depression and/or total market collapse) it will be considerably higher at that time. Cheers/t