Atmel Updates Second Quarter 2001 Outlook.Business Editors/High Tech Writers SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--May 15, 2001 Atmel Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ATML ATML Automatic Test Markup Language ATML Automated Test Markup Language ) today revised its outlook for the second quarter of 2001, ending June 30, 2001. "We are lowering our guidance for the second quarter due primarily to a decline in customer end-demand for semiconductor products," said George Perlegos, Atmel's President and Chief Executive Officer. "As a broad-line supplier of semiconductor products, we believe that the resumption of demand from end markets such as communications, PCs and consumer electronics will lead to a resumption of growth for Atmel. Given the information currently available to us, we believe this rebound will occur in the second half of calendar 2001. Additionally, with our continued investments in leading edge technologies and products, we believe we will be well-positioned when the industry rebounds." Atmel now expects that second quarter 2001 revenue will decline approximately 10 to 15 percent sequentially from the $525.9 million reported in the first quarter of 2001. Prior guidance called for a mid-single digit percentage reduction in revenues. About Atmel Founded in 1984, Atmel Corporation is headquartered in San Jose, Calif., with principal manufacturing facilities in Colorado Springs, Colorado The City of Colorado Springs is the second most populous city (after Denver) in the state of Colorado and the 48th most populous city in the United States.[4] The city is the county seat of El Paso County. , Grenoble, Nantes and Rousset, France and Heilbronn, Germany, Irving, Texas Irving (pronounced 'er-ving') is a city located in the U.S. state of Texas within Dallas County. According to the 2000 U.S. Census, the city population was 191,615; the 2006 estimate was 201,927 according to the North Central Texas Council of Governments, and 196,084 according to , and North Tyneside North Tyneside is a metropolitan borough of Tyne and Wear in the North East of England. Its seat is at the Town Hall, Wallsend. Created in 1974, the borough lies within the historic county boundaries of Northumberland. , England. Atmel designs, manufactures and markets on a worldwide basis advanced logic, mixed-signal, nonvolatile memory See non-volatile memory. , and RF semiconductors. Atmel is also a leading provider of system-level integration semiconductor solutions using advanced CMOS (Complementary Metal Oxide Semiconductor) Pronounced "c-moss." The most widely used integrated circuit design. It is found in almost every electronic product from handheld devices to mainframes. , 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 http://www.atmel.com. Note to Editors: 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. |
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