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ATMEL REPORTS RECORD REVENUES AND PROFITS

 ATMEL REPORTS RECORD REVENUES AND PROFITS
 SAN JOSE, Calif., Oct. 8 /PRNewswire/ -- Atmel Corporation


(NASDAQ: ATML) today announced record third quarter revenues of $36,987,000, up 26 percent from $29,439,000 for the corresponding quarter a year ago. Net income for the quarter, also a record was $3,788,000, which produced $0.21 per share, compared with last year's third quarter net income of $3,460,000 or $0.19 per share.
 In the prior quarter, revenues were $33,032,000 with net income of $2,967,000 or $0.17 per share.
 Revenues for the nine months were $98,855,000 with net income of $9,214,000 or $0.52 per share, compared with revenues of $93,819,000 and net income of $9,422,000 or $0.56 per share, in the 1991 like period.
 "Atmel's sequential revenue growth of 12 percent on a quarter-to- quarter basis reflects an uncharacteristically strong summer quarter fueled by the computer, peripheral and telecommunications markets," said George Perlegos, Atmel's president and chief executive officer.
 "The book-to-bill ratio averaged above 1.10 throughout the quarter, helped by the momentum in our Flash and Serial EEPROM lines. New products introduced in the period were highlighted by the 3-volt 22V10 electrically programmable logic device as well as additions to our other 3-volt families," Perlegos added.
 Headquartered in San Jose, Calif., with additional manufacturing facilities in Colorado Springs, Colorado, Atmel designs, develops, manufactures and markets on a worldwide basis a broad line of complex integrated circuits.
 Atmel shares are listed on the National Market System of NASDAQ under the symbol of ATML.
 ATMEL CORPORATION
 Consolidated Statements of Operations
 (in thousands, unaudited)
 Three Months Ended Nine Months Ended
 9/30/92 6/30/92 9/30/91 9/30/92 9/30/91
 Net revenues $36,987 $33,032 $29,439 $98,855 $93,819
 Expenses:
 Cost of sales 21,340 18,997 16,617 56,885 53,564
 R and D 4,779 4,110 4,200 12,908 11,873
 Selling, general
 and admin. 5,693 5,863 4,011 16,478 14,286
 Total expenses 31,812 28,970 24,828 86,271 79,723
 Operating income 5,175 4,062 4,611 12,584 14,096
 Interest income
 (expense), net 197 192 232 578 (539)
 Income before taxes 5,372 4,254 4,843 13,162 13,557
 Taxes on income 1,584 1,287 1,383 3,948 4,135
 Net income $3,788 $2,967 $3,346 $9,214 $9,422
 Earnings per share $0.21 $0.17 $0.19 $0.52 $0.56
 Common shares and
 equivalents 18,175 17,948 18,422 18,113 16,830
 ATMEL CORPORATION
 Condensed Consolidated Balance Sheets (In thousands)
 Period ended 9/30/92 12/31/91
 Current assets: (Unaudited)
 Cash and short-term
 investments $ 40,000 $ 45,331
 Accounts receivable 26,995 21,462
 Inventories 40,972 38,308
 Prepaid taxes and other
 current assets 4,392 4,845
 Total current assets 112,359 109,946
 Other assets 3,190 1,312
 Long-term investments 35,004 25,730
 Fixed assets, net 26,152 22,545
 Total assets 176,705 159,533
 Current liabilities:
 Current portion, long-term debt 7,423 5,453
 Trade accounts payable and other
 accrued liabilities 17,542 16,984
 Income taxes payable 3,355 0
 Deferred income on shipments to
 distributors 1,882 1,153
 Total current liabilities 30,202 23,590
 Long-term debt 21,102 21,173
 Deferred income taxes 0 5
 Total liabilities 51,304 44,768
 Shareholder' equity:
 Common stock 84,673 83,251
 Retained earnings 40,728 31,514
 Total shareholders' equity 125,401 114,765
 Total liabilities and
 shareholders' equity $176,705 $159,533
 -0- 10/8/92
 /CONTACT: Kris Chellam, chief financial officer of Atmel, 408-436-4360/
 (ATML) CO: Atmel Corporation ST: California IN: CPR SU: ERN


TM -- SF004 -- 7676 10/08/92 06:30 EDT
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