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Atmel Corporation Message Board

  • machtabow machtabow Dec 31, 2002 6:13 PM Flag

    Reality

    ATML may not be a long term buy and hold stock, but the reality is...

    It is a buy now stock and sell when it makes logical sense or when you are comfortable with your profits.

    The stock is trading around the near term low established around November 11th. Institution's know this and are buying now! Believe me when I say, just a whisper of good news or lack thereof of any bad news will ignite this stock. I expect this will happen shortly!

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    • Personal computer sales remain in the doldrums, and that's dragging down the chip industry. PC sales are expected to fall in 2002 - the second straight drop.

      There are some bright spots. More chips are going into cell phones and other wireless gear.

      Flash memory chips, which retain data even when phones are turned off, are doing well. So are digital signal processors, which translate signals like sound into digital bits.

      Scalise says the dollar value of the chips in cell phones this year went from $40 to $60 per phone. So even if the number of new phones sold didn't go up, flash and DSP chip revenue would grow.

      Cell phones sales are going up. Merrill Lynch estimates 414 million cell phones were sold in 2002. It expects sales to grow 6.6% in 2003 to 441 million units worldwide.

      As a result, chip sales get a double boost from more units shipped and more chips inside the phones.

      Tony Sica, who handles marketing for Intel Corp.'s (INTC) wireless group, says the outlook for 2003 is positive.

      "We're starting to be surprised by demand," Sica said. "A good example is the new cell phones that are coming out."

 
ATML
8.56-0.10(-1.15%)Jul 27 4:00 PMEDT