Atmel's Q2 sales jumps 7% amid strong demand
Semiconductor Business News
07/17/2003, 5:00 PM ET
siliconstrategies.com
SAN JOSE, Calif. -- Atmel Corp. posted revenues of $318.8 million in the first quarter, up 7 percent in the previous quarter and 1 percent in the like period a year ago.
Net loss for the second quarter of 2003 totaled $44.1 million, or $0.09 per share. In the first quarter of 2003, the company reported a net loss of $53.1 million, or $0.11 per share. In the second quarter of 2002, its net loss was $478.9 million.
"We are very excited to report that we saw an increase in demand in the majority of our product lines during the second quarter," stated George Perlegos, Atmel's president and CEO. "Revenue grew in each of our four business units, led by continued market share gains in smart cards and record unit shipments of our proprietary AVR microcontrollers."
The company believes that in the third quarter of 2003, revenues should be sequentially flat to up slightly, as much of the European business is seasonally slow. Additionally, R&D should be approximately $63-65 million, while SG&A should remain between $34-36 million. Finally, gross margins should be sequentially flat in the third quarter. |
