We present a generalization of the strong-field approximation S-matrix theo
ry, which includes both, the Coulomb and rescattering effects. The Coulomb
effects are responsible for a considerable increase (about two orders of ma
gnitude) of the ionization rates, while the rescattering effects give rise
to the appearance of the second plateau of the above threshold ionization s
pectrum. Coulomb effects change the behavior of the rates at the first plat
eau, but they do not influence the qualitative behavior of the spectrum of
the high-energy electrons in the second plateau. Our results are in excelle
nt agreement with recent experiments [Walker, B., Sheehy, B., Kulander, K.C
., and DiMauro, L.F., 1996, Phys. Rev. Lett., 77, 5031]. Our theory predict
s the correct position of the cutoff in the energy spectra for different an
gles between the ionized electron momentum and the polarization vector of t
he laser field. The sidelobes are also at the right positions and we show t
hat these positions correspond to the last rounded top before the cutoff of
above threshold ionization spectra for the corresponding angle. We have al
so confirmed the experimentally observed sharp minima in the ATI spectra at
some fixed energies, and explain this by quantum interference effects. Our
model is simple and can be easily generalized to different inert gases.