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

To: Michael Sphar who wrote (7955)	3/4/1998 11:37:00 AM
From: JakeStraw	Read Replies (1) \| Respond to of 13565

Atmel Acquires Temic Semiconductor's Integrated Circuit Business SAN JOSE, Calif., March 4 /PRNewswire/ -- Atmel Corporation (Nasdaq: ATML - news) today announced the completion of the acquisition of the integrated circuit (IC) business of Temic Telefunken Microelectronic GmbH (Temic), of Heilbronn, Germany, a wholly-owned subsidiary of Daimler-Benz A.G. (NYSE: DAI - news). Vishay Intertechnology, Inc. (NYSE: VSH - news), which recently completed its purchase of Temic's semiconductor business unit from Daimler Benz, sold Temic's IC division to Atmel for approximately $110 million in cash. Sales of the businesses Atmel purchased totaled approximately $260 million in 1997. The Temic IC division has two 6 inch fabrication facilities located in Heilbronn, Germany (BiPolar and silicon germanium) and Nantes, France (CMOS). Dialogue Semiconductors Ltd., the mixed signal division of Temic, which had sales of approximately $40 million in 1997, was sold by Daimler to another party. Based on information presently available, this transaction is expected to be moderately accretive to Atmel in 1998. ''We believe that Temic's products and process technologies, particularly the RF and silicon germanium capabilities, will significantly enhance Atmel's ability to deliver integrated solutions to the wireless telecommunications market, increase our sales to the automotive market and increase our microcontroller revenues significantly,'' said George Perlegos, Atmel's President and Chief Executive Officer. ''Additionally, Temic sells approximately 60 percent of its products to European customers, which will help Atmel to diversify and achieve a larger sales presence in the rapidly growing European telecommunications and automotive markets.'' 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, ability to ramp new products into volume, industry wide shifts in supply and demand for semiconductor products, further deterioration of the financial situation in Asia, and other risks detailed from time to time in Atmel's SEC reports and filings. 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 nonvolatile and embedded memory, logic, analog and microcontroller products, and system-level integration (SLI) solutions. 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

To: Michael Sphar who wrote (7955)	3/4/1998 11:41:00 AM
From: Jim Lou	Read Replies (1) \| Respond to of 13565

Michael, depending on what you see as the bottom. I see the low of the formation in Jan. The worst is over. Besides, here is the news which is good news, IMHO: Wednesday March 4, 11:07 am Eastern Time Company Press Release SOURCE: Atmel Corporation Atmel Acquires Temic Semiconductor's Integrated Circuit Business SAN JOSE, Calif., March 4 /PRNewswire/ -- Atmel Corporation (Nasdaq: ATML - news) today announced the completion of the acquisition of the integrated circuit (IC) business of Temic Telefunken Microelectronic GmbH (Temic), of Heilbronn, Germany, a wholly-owned subsidiary of Daimler-Benz A.G. (NYSE: DAI - news). Vishay Intertechnology, Inc. (NYSE: VSH - news), which recently completed its purchase of Temic's semiconductor business unit from Daimler Benz, sold Temic's IC division to Atmel for approximately $110 million in cash. Sales of the businesses Atmel purchased totaled approximately $260 million in 1997. The Temic IC division has two 6 inch fabrication facilities located in Heilbronn, Germany (BiPolar and silicon germanium) and Nantes, France (CMOS). Dialogue Semiconductors Ltd., the mixed signal division of Temic, which had sales of approximately $40 million in 1997, was sold by Daimler to another party. Based on information presently available, this transaction is expected to be moderately accretive to Atmel in 1998. ''We believe that Temic's products and process technologies, particularly the RF and silicon germanium capabilities, will significantly enhance Atmel's ability to deliver integrated solutions to the wireless telecommunications market, increase our sales to the automotive market and increase our microcontroller revenues significantly,'' said George Perlegos, Atmel's President and Chief Executive Officer. ''Additionally, Temic sells approximately 60 percent of its products to European customers, which will help Atmel to diversify and achieve a larger sales presence in the rapidly growing European telecommunications and automotive markets.'' 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, ability to ramp new products into volume, industry wide shifts in supply and demand for semiconductor products, further deterioration of the financial situation in Asia, and other risks detailed from time to time in Atmel's SEC reports and filings. 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 nonvolatile and embedded memory, logic, analog and microcontroller products, and system-level integration (SLI) solutions. 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