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: Chris who wrote (7989)	3/5/1998 9:00:00 PM
From: Jim Lou	Read Replies (1) \| Respond to of 13565

I was reading their 4Q reports (Jan 15), here are a few points that seem to represent future perspective: 1) They have repurchased 1M shares in open market: >>Additionally, in conjunction with the recently announced 5,000,000 share repurchase program, the Company has to date purchased approximately 1,000,000 shares of its Common Stock in the open market. << 2) New products: >>"In the area of new products, we introduced two new Flash architectures, the Serial Data Flash, aimed at the voice storage market, and the low cost 49 Series Flash, to capture many new applications, particularly in the telecommunications and PC peripheral markets. We introduced several high density Serial EEPROM products and are enjoying considerable success in designing this product into consumer and automotive electronics and also wireless telecommunication applications. << 3) Bookings remain good in wireless: >>"Bookings remained level with the third quarter with good demand from the wireless telecomm and consumer markets. Importantly, microcontrollers, serial EEPROMs and ASICs increased as a percentage of overall bookings, as the Company is gradually shifting away from reliance on commodity memory products. Looking ahead we believe that the actions we have taken should reduce the risk in our business during the first half of 1998 as we manage through the uncertainty in the Asia markets." concluded Mr. Perlegos. << 4) Capital expenditure down for 1998: >>In particular, we have reduced our 1998 capital expenditure plan from $400 million to $250 million. We will focus our expenditures on CMP, 0.35 micron and 0.25 micron technologies, enabling us to produce many more units by reducing the die size of our products and to produce higher density parts." <<