Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mario who wrote (9627)	4/14/1999 7:24:00 PM
From: turbi	Read Replies (2) \| Respond to of 13565

Hi Mario -- actually it may not be 40 AT the end of the year, but I see it as having hit 40 BY the end of the year. And I'm hoping that's a conservative estimate. It's just that, if earnings hit my guesstimate of $.70 this year and $1.05 next year, a decent multiple (and still less than its growth rate of 50%) could justify such a price. If the estimate on Yahoo ($.67 this year, $1.27 next year) is accurate, it could be higher. I mean, that would be nearly a 90% growth rate from end of 1999 to end of 2000. And you're right about Atmel's not always following the NASDAQ up. In fact, I see a profound disconnect between Atmel and just about anything else except for caprice: it may or may not go up when INTC does, or XLNX, or the NASDAQ -- there seems to be no particular pattern. Today, of course, that was a benefit so maybe don't moan too loudly: despite the downdraft at the end, Atmel still closed strongly higher. Cheers/t

To: Mario who wrote (9627)	4/15/1999 5:48:00 AM
From: Michael Sphar	Read Replies (1) \| Respond to of 13565

Hi Mario, Been distracted with April 15th activities...Nice move today! Closing above that overhead line is meaningful and very encouraging longer term. However, there is a band of overhead resistance that extends from 19 up towards 21. In order for this stock to run it has to break through that full band width. Today was just a reasonably good start. I think the perverse thing, ie most likely to happen, is for the stock to show weakness after a reasonably good sounding quarter report, resulting in yet more oscillations albeit with higher bases. I think the general trend in semiconductors is showing more health and gathering steam slowly. This bodes well long term but it doesn't equate to rocket fuel now. I think ATML is benefitting from some speculative cash repositioning from the bluer chip rich valuations end (intc, lltc, etc.) towards the lower end, good for ATML short term. If they play their cards right, meaning execute well, manage their debt, and broaden their product base with non-commodity priced product they should do well. I don't expect a quick return to the 1996-like mania levels. Anyway that type of action would be a signal to get out.