Post by thread:atmel in trouble?

EETimes reports that Atmel will report a loss this quarter, and will cut their capital budget 37% (400 to 250 million dollars) for 1998. I wonder what that will do to the AVR chips, which aren't well entrenched in the hearts of the market yet :-( http://www.techweb.com/se/directlink.cgi?EET19980112S0048 BillW

William Chops Westfield <spam_OUTPICLISTTakeThisOuTMITVMA.MIT.EDU> wrote: > EETimes reports that Atmel will report a loss this quarter, and will > cut their capital budget 37% (400 to 250 million dollars) for 1998. > > I wonder what that will do to the AVR chips, which aren't well > entrenched in the hearts of the market yet :-( Yeah, Atmel's not doing real well. Their stock was in the $40 range a few months ago, and it's been steadily dropping... Today it's at 16-5/8, and the company has just announced its intention to buy back 5 million shares (in addition to the 5 million they bought two years ago). Microchip's stock is also doing pretty poorly, although not quite as badly as Atmel's... From $45 or so in October, Microchip stock has dropped to about $25. -Andy === Andrew Warren - .....fastfwdKILLspam@spam@ix.netcom.com === Fast Forward Engineering - Vista, California === http://www.geocities.com/SiliconValley/2499