Re: Remember this?
by: nightly_atml_report (M/East Rutherford, NJ) 10/21/03 08:19 pm
Msg: 160412 of 160429
In the release last October, Atmel said the following -
"Colorado Springs, Colorado, October 29, 2002. . . Atmel® Corporation (Nasdaq: ATML) announced today that its CryptoMemoryTM family of 1K to 16K devices has expanded to include higher densities of 32K through 256K bits of memory. This high density range of integrated circuits gives customers many of the same security features found in microprocessor-based systems. Because this solution does not require the added expense of an operating system or programming resources, these products are lower cost and faster to market."
In the Q3 CC, Atmel listed its 3 largest customers as Motorola, Schlumberger, and Gemplus, with the last 2 being major suppliers of smart cards. Atmel also said that from 2001 to 2003, its worldwide market share of smart card chips went from 7% to 13%, a very impressive increase in just 2 years. So, where are all these smart card chips going? The following just hit the wires -
Schlumberger Announces Third Quarter 2003 Results
Tuesday October 21, 6:30 pm ET
Schlumberger Smart Cards revenue of $202 million increased 25% sequentially and 27% year-on-year. Pretax operating income of $22 million significantly increased from $8 million in the last quarter and $7 million in the third quarter of 2002.
On September 22, Schlumberger Smart Cards & Terminals changed its name to Axalto to bring more visibility and reinforce the company image as a leading smart card player. Cards had operating revenue of $202 million and pretax operating income of $22 million in the third quarter compared to $162 million and $8 million, respectively, in the second quarter. Mobile communication card deliveries increased significantly, with three consecutive all-time monthly volume records. The average sales price of subscriber identity module (SIM) cards increased by 14% compared with the previous quarter due to important deliveries of very high-end 64K and 128K cards, mainly in Italy, Brazil, Russia, Romania, Saudi Arabia and the Philippines. Other card activities were also significant, driven by shipments for the banking conversion to the EMV standard in the UK, strong e-purse deliveries in Malaysia, robust pay-TV shipments in the US, and high volumes of phone cards and scratch cards in China and Mexico.
biz.yahoo.com
As a component supplier, Atmel is not at liberty to discuss specifics of the end market applications for its chips without the permission of its customers, and most customers are reluctant to give this permission. This release by SLB puts more of a face on Atmel's smart card business than Atmel is allowed to give.
Great job, Atmel "smart card troops".
Nightly
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