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ATMEL REPORTS RECORD RESULTS

 SAN JOSE, Calif., July 13 /PRNewswire/ -- Atmel Corp. (NASDAQ-NMS: ATML) today reported second quarter revenues of $50,662,000, a 53-percent increase from last year's like period, as earnings more than doubled over the same period to $6,256,000 or 32 cents per share.
 In last year's second quarter, the company's revenues were $33,032,000, and net income was $2,967,000, or 17 cents per share. The current quarter's revenues grew by more than 15 percent from the prior quarter's revenues of $43,915,000, and earnings of $5,103,000 or 27 cents per share grew 22 percent.
 Atmel's revenues for the first six months of 1993 were $94,577,000 with net income of $11,359,000, or 59 cents per share, compared with revenues of $61,868,000 and net income of $5,426,000, or 31 cents per share, in the 1992 like period.
 "The continued strength in our business reflects strong consumer demand for portable electronic devices, especially telecommunications and computer products," explained George Perlegos, Atmel's president and chief executive officer. "We continued to maintain a book-to-bill ratio greater than 1.3 to 1 in the quarter. We shipped more than 1.5 million units of Flash products in the quarter, an increase of 50 percent from the prior quarter," he added.
 The company continued to expand its manufacturing capacity by adding $15 million in capital equipment during the quarter.
 Headquartered in San Jose, with additional manufacturing facilities in Colorado Springs, Colo., Atmel designs, develops, manufactures and markets on a worldwide basis a broad line of complex integrated circuits.
 Atmel's shares are listed on the National Market System of NASDAQ under the symbol ATML.
 ATMEL CORP.
 Consolidated Statements of Operations
 (Unaudited, in thousands, except per-share amounts)
 Three Months Ended:
 June 30, March 31, June 30,
 1993 1993 1992
 Net revenues $50,662 $43,915 $33,032
 Expenses:
 Cost of sales $28,355 $24,955 $18,997
 Research and development 5,665 5,430 4,110
 Selling, general and
 administrative 7,484 6,023 5,863
 Total expenses 41,504 36,408 28,970
 Operating income 9,158 7,507 4,062
 Interest income (expense),
 net 179 110 192
 Income before taxes 9,337 7,617 4,254
 Taxes on income 3,081 2,514 1,287
 Net income $ 6,256 $ 5,103 $ 2,967
 Earnings per share $ 0.32 $ 0.27 $ 0.17
 Common shares and
 equivalents 19,332 19,075 17,948
 Six Months Ended:
 June 30, June 30,
 1993 1992
 Net revenues $94,577 $61,868
 Expenses:
 Cost of sales $53,310 $35,545
 Research and development 11,095 8,128
 Selling, general and
 administrative 13,507 10,785
 Total expenses 77,912 54,458
 Operating income 16,665 7,410
 Interest income (expense),
 net 289 381
 Income before taxes 16,954 7,791
 Taxes on income 5,595 2,365
 Net income $11,359 $ 5,426
 Earnings per share $ 0.59 $ 0.31
 Common shares and
 equivalents 19,204 18,059
 Condensed Consolidated Balance Sheets
 (In thousands, except per-share amounts)
 At June 30, At Dec. 31,
 1993 1992
 (Unaudited)
 Current assets:
 Cash and short-term
 investments $ 29,218 $ 24,886
 Accounts receivable 35,145 30,430
 Inventories 37,906 41,401
 Prepaid taxes and other
 current assets 2,880 2,901
 Total current assets 105,149 99,618
 Other assets 4,846 3,631
 Long-term investments 48,953 51,314
 Fixed assets, net 50,211 28,887
 Total assets $209,159 $183,450
 Current liabilities:
 Current portion, long-
 term debt 8,254 8,794
 Trade accounts payable
 and other accrued liabilities 29,687 16,740
 Income taxes payable 524 179
 Deferred income on shipments
 to distributors 4,380 2,229
 Total current liabilities 42,845 27,942
 Long-term debt 19,762 23,047
 Deferred income taxes 471 471
 Total liabilities 63,078 51,460
 Shareholders' equity:
 Common stock 89,274 86,542
 Retained earnings 56,807 45,448
 Total shareholders' equity 146,081 131,990
 Total liabilities and
 shareholders' equity $209,159 $183,450
 -0- 7/13/93
 /CONTACT: Kris Chellam, chief financial officer of Atmel, 408-436-4360; Ken Dennard of Morgen-Walke Associates, 415-296-7383, for Atmel/
 (ATML)


CO: Atmel Corp. ST: California IN: CPR SU: ERN

LH-GT -- SF003 -- 0676 07/13/93 06:31 EDT
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Date:Jul 13, 1993
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