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

To: stockbug who wrote (9733)	4/23/1999 8:25:00 PM
From: Richard H.	Respond to of 13565

We know this: Net income before accounting change .17 Actual net income per share (.12) Here's my uninformed calculation of adjusted EPS Operating income as stated 20,723 Other income 5,367 less: Pre tax gain on sale of asset 14,500 Adjusted income from operations 11,590 Provision for income taxes 34% 3,940 Adjusted EPS from operations .0766 rounded to .08 I'm not an accountant, but this seems to make sense. I am long ATMEL and was hoping for a little better results, but they are what they are. I think we have had a good run and traders were buying the last few weeks in anticipation of extraordinary earnings results. When it didn't happen, they sold. I think we should focus on Managements positive comments in the press release and the direction of the Company described by George Gilder and others. Happy Investing.

To: stockbug who wrote (9733)	4/23/1999 10:52:00 PM
From: Mario	Respond to of 13565

Stockbug, this was brought out by the CFO at the start of the call without the analyst asking. 17 cents EPS 9 cents of that was from the sell of their 6 in wafer equipment. If I remember right he never said operations were 8 cents you had to do the math. He did mention something to the fact that he realizes that the analyst like to pull out the Q earnings. If you want to ask me my opinion they messed up the press release and came clean before the analysts asked. If this is true they weren't very smart about the way they handled the press release. If you make the numbers you don't have to put up a smoke screen. As I posted earlier the call was good and future looks good and at least Prudential agrees. It also sounded like the value of the EURO and YEN hurt them and contributed to earnings shortfall. I'm not worried the stock will recover and go farther. Mario