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Strategies & Market Trends : Quarter to Quarter Aggressive Growth Stocks -- Ignore unavailable to you. Want to Upgrade?

To: jk_l who wrote (782)	9/25/2000 10:52:41 PM
From: Mike E.	Respond to of 6925

ATML Anyone have any idea why it's been so weak lately? Unfortunately, I think this is why: Semis ($SOX) 880.36 -46.17 -4.98% Broke August low support barely. 821 was spring lows. It's killing KOPN and other semi-related stocks too. But ATML, what a great entry price for a long term hold. Mike

To: jk_l who wrote (782)	9/26/2000 6:34:41 AM
From: Mike E.	Respond to of 6925

(COMTEX) B: Atmel Comments On Euro and PC-Related End Market SAN JOSE, Calif., Sep 26, 2000 (BUSINESS WIRE) -- Atmel Corporation (Nasdaq:ATML) 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." Founded in 1984, Atmel Corporation is headquartered in San Jose, California with principal manufacturing facilities in Colorado Springs, Colorado, Irving, Texas, Grenoble, Nantes and Rousset, France and Heilbronn, Germany. Atmel designs, manufactures and markets on a worldwide basis advanced logic, mixed-signal, nonvolatile memory, and RF semiconductors. Atmel is also a leading provider of system-level integration semiconductor solutions using advanced CMOS, BiCMOS, BiPolar and SiGe process technologies. Atmel product and financial information can be retrieved from its Fax-on Demand service. In North America call 800/292-8635. Internationally from a fax phone, dial 408/441-0732. Requests may be sent via e-mail to literature@atmel.com or by visiting Atmel's website at atmel.com. Except for historical information contained herein, the matters set forth in this press release are forward looking statements that are subject to risks and uncertainties that could cause actual results to differ materially, including the impact of competitive products and pricing, timely design acceptance by our customers, timely introduction of new technologies, ability to ramp new products into volume, industry wide shifts in supply and demand for semiconductor products, industry overcapacity, effective and cost efficient utilization of manufacturing capacity, financial stability in foreign markets, ability to integrate and manage acquisitions, and other risks detailed from time to time in the Atmel's SEC reports and filings. CONTACT: Atmel Corporation Donald Colvin, 408/436-4360 URL: businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. Copyright (C) 2000 Business Wire. All rights reserved. -0- KEYWORD: CALIFORNIA INTERNATIONAL EUROPE INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS HARDWARE * end of story *