Wall Street is not responding favorably to yesterday's earnings announcement. However, the drop in sales from year to year must be tempered by the fact that AATT had a difficult transition to perform. The company was shifting from one main customer, Intel, to many customers, the computer manufacturers. IMHO, the company has done very well in completing that transition and is now favorably positioned for future quarters. In addition, the company's extremely low stock price has discounted the company's current slowdown.|
I think the stock price is also being hurt by the CEO's very cautious comments about future quarters. We shall see what happens in the conference call.