Silicon Investor (SI) -- The First Internet Community

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.

Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (21052)	9/26/2000 5:56:58 PM
From: Ditchdigger	Respond to of 29382

A bit of ATML good news..;^) SAN JOSE, Calif.--(BUSINESS WIRE)--Sept. 26, 2000--Atmel Corporation (Nasdaq:ATML - news) commented today that it believes its business prospects remain strong. The Company also commented that it believes its financial results will not be materially impacted by the current weakness in the Euro, as a large percentage of Atmel's sales in Europe are U.S. dollar based. Additionally, with four manufacturing sites in Europe, a substantial amount of Atmel's business costs in Europe are based in Euros, translating into a lower U.S. dollar cost to Atmel. George Perlegos, Atmel's President and Chief Executive Officer, commented, ``We believe that 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. Additionally, we believe that any speculation concerning weakness in the PC sector does not translate into a material adverse impact to Atmel's near-term financial results as demand for Atmel products is widely spread across many end markets, and we see exceptional strength across all of our product lines.'' biz.yahoo.com