Atmel - the trend is about to change Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Atmel - the trend is about to change

ATML 8.140

0.0%

Apr 12 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ravi R who started this subject	9/19/2000 12:22:34 PM
From: gpphantom	Read Replies (1) of 13565

(PR NEWSWIRE) SAN FRANCISCO, Sept. 19 /PRNewswire/ -- The following is being issued by Robertson Stephens, a member of the National Association of Securities Dealers, CRD number 41271: Estimate Changes: Atmel Corporation (Nasdaq: ATML) $18.03 2000 EPS: $0.54 from $0.52 2001 EPS: $0.86 from $0.82 Buy Eric Rothdeutsch, Semiconductors/Computer Hardware "Atmel announced yesterday that it concluded a framework purchasing agreement with Siemens AG whereby Siemens agrees to buy $1.5 billion of products over the next four years," said Rothdeutsch. "Atmel also agreed to acquire the Siemens fab in North Tyneside, England, as part of the agreement. Not only does Atmel significantly grow the amount of business it does with Siemens, which should grow from about a 2 percent customer in the second quarter of 2000 to a 10 percent customer by the fourth quarter of 2001, but the company also gains access to badly needed fab capacity that it should be able to ramp quickly, in our opinion. Additionally, our recent checks in the channel have indicated that the company saw a particularly strong second quarter driven by wireless end-customers that comprise approximately 45 percent of the company's revenues. We believe the company saw a stronger orders trend out of key wireless customers and contributed to what we believe was a better-than-expected product mix shift and higher gross margins. As a result, we are raising our fiscal 2000 and 2001 revenue and earnings-per-share estimates and reiterating our Buy rating on ATML. In addition, we are raising our 12-month price target from $26 to $30."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next