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: D. Swiss who wrote (11873)	10/19/2000 4:29:46 PM
From: Bosco	Read Replies (2) of 13565

Hi all - ER is out, actual 16c vs est 14c. Rev up 11% seq (QoQ) and 56% YoY. biz.yahoo.com signigicant excerpt ``During the third quarter we finalized two long-term supply agreements with leading customers in the communications end market. One of these customers gave Atmel a significant cash advance in excess of $100 million to secure this greement,'' added Mr. Perlegos. These agreements illustrate that our customers see a continued tight supply situation for our products over the coming years.`` Mr. Perlegos continued, ``This quarter we continued improving Atmel's profitability with our gross margin increasing to 44.4 percent from 37.8 percent last year, and our operating margin more than doubling from a year ago to 22.7 percent. These metrics demonstrate Atmel's dedication to expense control, and highlight the inherent leverage in our business model. Capital expenditures for the quarter were approximately $300 million, and our balance sheet remained very strong with ending cash and investments of $1.14 billion and EBITDA for the quarter of approximately $180 million. Receivables fell to 61 days and inventory turns improved to 89 days.'' ``As we stated earlier in the quarter, our results are not materially impacted by the current weakness in the Euro,'' added Mr. Perlegos. `` Atmel's large amount of U.S. dollar-based sales and Euro-based costs act as a natural hedge against fluctuations in the value of the Euro and the U.S. dollar.'' best, Bosco

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