Atmel - the trend is about to change Message Board

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Technology Stocks : Atmel - the trend is about to change

ATML 8.140

0.0%

Apr 12 5:00 PM EST

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To: Dan Spillane who wrote (11259)	7/20/2000 8:40:45 PM
From: Maverick	Read Replies (2) of 13565

ATML meets whisper est, beats by 0.04 despite additional 18M shares from the secondary offering completed in February 2000 and the recent conversion of our $150 million convertible bond issue. The conversion rate is 13.983 shares per $1,000. earningswhispers.com Atmel Corp (ATML) 36 1/16 +5/16: Reports Q2 earnings of $0.26 a share, $0.04 better than the First Call consensus of $0.22, vs year-ago earnings of $0.08; revenues rose 53.9% to $478.76 mln from a year-ago of $311.14 mln. By Briefing.com Rev of $478.758 M beats ML's $454.8 M. EPS of $0.26 beats ML's $0.22 Excerpts from ML 7/10/00: Atmel (ATML, C-2-1-9, $36 1/8) We believe orders for Atmel’s flash memory products continued to accelerate during 2Q00, driven by strong demand for cell phones, and we believe flash memory is now the single gating factor in determining how many handsets will be produced in CY00. Our channel checks indicated lead times for Atmel’s flash memory products stretched beyond six months during the quarter and pricing should continue to be favorable throughout CY00. Our checks also indicated overall bookings for Atmel accelerated during the quarter - particularly for memory products and application-specific integrated circuits (ASICs) sold into cell phones. We also believe that Atmel will be capacity constrained for the remainder of CY00 and well into CY01. We feel comfortable with our 2Q00 revenue and EPS estimates of $454.8 million and $0.22.

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