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: quidditch who wrote (9669)	4/22/1999 5:13:00 PM
From: stockbug	Read Replies (2) \| Respond to of 13565

I think you forgot the sentence before which talks about a 29.1 million write off a one time negative added to the one time positive of 14.9 gives a one time net expense of 14.2 million to the negative. " As anticipated this quarter we recognized an exceptional accounting write-off of start-up costs of our new 0.18 micron 8 inch fab of $29.1 million after tax due to a change in accounting principles while benefiting from a $14.9 million pre-tax gain from asset sales".

To: quidditch who wrote (9669)	4/23/1999 8:55:00 PM
From: OZ	Read Replies (1) \| Respond to of 13565

Steven Wrote "A cautionary note: the release says ATML benefitted from a pre-tax gain from asset sales of $14.9 million. The way I'm reading the income statement, that amount is included in the operating numbers, though it should be treated as a non-recurring gain. This would reduce income from recurring operations well below the estimate. I'm long, but I don't like the smell of this. Any thoughts? " Steven, I would like to commend you for being the first one to spot this yesterday. Upon reading your post, I looked more closely at the report also. It boggled the mind how a small $1,356,000 increase in total qtr. to qtr. revenue could translate into a 70% increase in EPS. There had to be something to it and now the conference call has confirmed it. Operating earnings for the qtr. are actually LOWER than last qtr.. All this talk of blowout numbers and going to th 40's was a kind of euphoria and clouded what was written (though not clearly) on the report. I find it hard to believe that some people become so enraged when they are not told exactly what they want to hear and you are just offering the kind of non emotional insight that is required to be a successful trader. It was stated that we were "nitpicking" over details. I do not think that a missing the street estimates by 20% verses blowing them out by 70% is nitpicking. I am not saying that the future is bad for ATML by any means. It sound like all the pieces are in place for a successful turnaround. But I will say that the report had enough info. on it to justify raising the concerns of any astute investor as to a potential shortfall for the previous qtr.. Even the analyst are split on this one. Some are miffed by the shortfall and some (BT Alex Brown) are encouraged by the future. Keep up the good post. Threads always become heated when people are losing money. But there is no better way to learn. regards, OZ