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

To: John Finley who wrote (9679)4/22/1999 8:01:00 PM
From: quidditch  Read Replies (3) | Respond to of 13565
 
Bruce's observation is correct. It's difficult to understand how the auditors can allow the non-recurring gain in operating income. Any way you look at the income statement, however, that $14.9 million is buried in top line. In the textual discussion of the release, Perlagos says (in effect burying this item in a long sentence) ATML was "benefitted" by the asset sale, all this before the accounting change. I agree with thread that statements in the PR were positive, but this is not the way to handle this accounting issue if ATML want to regain credibility with the Street.

JMO. Regards. Liacos_samui



To: John Finley who wrote (9679)4/22/1999 11:48:00 PM
From: cc rogers  Respond to of 13565
 
Auditors can do ALMOST anything. You should sometime read the 'audited' reports of non-profit orgs....a lesson in the REAL world. so this is really a non-event...the write-off...everything depends on how it is perceived by analysts and news reports. That ups our stock. Also, the institutions...who already own 39%....will they take this as an opportunity to unload, or to reload.

Quien sabe?


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