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.

Technology Stocks : Atmel - the trend is about to change -- Ignore unavailable to you. Want to Upgrade?

To: Vikas who wrote (7477)	12/4/1997 2:41:00 AM
From: Vikas	Respond to of 13565

Statement from Annual Report (taken straight off www.atmel.com, amounts are in thousands): Put Warrants In connection with the Company's stock repurchase program, put warrants were sold to an independent third party during fiscal year 1996. The put warrants entitle the holder to sell shares of the Company's common stock to the Company at specified prices. The warrants expire on May 28, 1997 and may be settled in cash at the Company's option. The maximum potential repurchase obligation of $28,250 has been reclassified from shareholders' equity to put warrants as of December 31, 1996. There was no impact on earnings per share during 1996. Additionally, during the same period the Company used the proceeds from the sale of the put warrants to purchase call warrants. These warrants entitle the Company to buy from the same independent third party shares of the Company's common stock. The call warrants have similar expiry dates as the put warrants and may be settled in cash at the Company's option.