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

To: john dodson who wrote (7785)	1/8/1998 8:54:00 AM
From: Tassi	Read Replies (2) \| Respond to of 13565

PR NewsWire Atmel Corporation Announces Stock Buyback SAN JOSE, Calif., Jan. 8 /PRNewswire/ -- Atmel Corporation (Nasdaq: ATML) announced today that its Board of Directors has authorized the repurchase of up to 5,000,000 shares of its Common Stock, representing approximately five percent of the 102 million shares outstanding. This buyback program is in addition to the 5,000,000 shares authorized by the Company's Board of Directors in January 1996. George Perlegos, President and Chief Executive Officer, stated, "We believe our stock is undervalued, and our decision to increase the number of shares in the buyback program expresses our confidence in the long-term direction of Atmel and a strong commitment to increasing shareholder value." Headquartered in San Jose, California, with principal manufacturing facilities in Colorado Springs, Colorado and in Rousset, France, Atmel designs, develops, manufactures, and markets on a worldwide basis Flash, EEPROMs, and EPROMs, as well as programmable logic, microcontrollers and application-specific devices. Atmel product and financial information can be retrieved from its Fax-on-Demand service. In North America call 800-292-8635. International, from a fax phone, call 408-441-0732. You can send your request via e-mail to literature@atmel.com or visit Atmel's Web site at atmel.com SOURCE Atmel Corporation -0- 01/08/98 /CONTACT: Kris Chellam, Chief Financial Officer, 408-436-4360, or Suzanne Craig, Director of Investor Relations, 408-451-4811, both of Atmel Corporation/ /Web site: atmel.com (ATML) CO: Atmel Corporation ST: California IN: CPR SU: KP-TW -- SFTH019 -- 5183 01/08/98 06:30 EST prnewswire.com