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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 (9697)	4/23/1999 7:58:00 AM
From: BMcV	Read Replies (1) \| Respond to of 13565

>>One possible scenario is that it reduced the accounting-change charge TO 29M.<< That seems a good possibility. We might wish for a more clearly written report, but it is obvious they had an excellent quarter and see themsevles at the start of a new uptrend in their business. Ian--I wouldn't be so fast in assuming anyone going over quarterlies with a fine-tooth comb has an ulterior motive. A little skepticism is worth more than a lot of cheerleading--as I know you know from reading your other posts.

To: John Finley who wrote (9697)	4/23/1999 9:10:00 AM
From: quidditch	Respond to of 13565

John: Yes, this could be the explanation, and hopefully is. Someone at IR and Finance needs to tell the company how to write these things. The PR said this: "As anticipated this quartr, we recognized an exceptional acounting write-off of start-up costs...of $29.1 million after tax due to a change in accounting principles while benefitting from a $14.9 million pre-tax gain from asset sales." You said: <With the increasing revenues reported and the EPS last quarter this doesn't make sense.> Also agree with you. But looking at the P&L, the COGS and SG&A could account for that. I dunno. Hope you're right. Let's see how the market takes it. Thanks for the alternate interpretation. Regards. Liacos_samui