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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Jill who wrote (2159)	9/19/2000 7:02:19 PM
From: D.B. Cooper	Read Replies (1) of 65232

Are you still holding? 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.” cnetinvestor.com SYMBOL=R813908 I got too much of this stock it has to move tomorrow

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