Atmel - the trend is about to change Message Board

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Technology Stocks : Atmel - the trend is about to change

ATML 8.140

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Apr 12 4:00 PM EDT

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From: Ian@SI	7/13/2006 2:03:36 PM
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sounds like a great deal to me... Atmel to Sell its Grenoble, France Subsidiary SAN JOSE, Calif., July 13 /PRNewswire-FirstCall/ -- Atmel(R) Corporation (Nasdaq: ATML), a global leader in the development and fabrication of advanced semiconductor solutions, announced today that it has signed an agreement to sell its Grenoble, France subsidiary including the manufacturing facility for approximately $140 million in cash to e2v technologies plc, a British corporation, subject to the approval of e2v technologies' shareholders. "This is an important step in Atmel's plan to consolidate its manufacturing operations as we continue to focus resources on our core technologies," said George Perlegos, Chairman and Chief Executive Officer. Keith Attwood, Chief Executive of e2v technologies commented, "We believe Atmel Grenoble is a great strategic fit for e2v and provides exceptional opportunities to extend our reach into existing market sectors with a broader range of products." Atmel will retain rights to its patented finger print scanning recognition technology. All other Grenoble products including image sensors and aerospace qualified microprocessors are included in the sale. The transaction is expected to be completed during Atmel's third quarter. Additional details will be provided by Atmel Corporation during its Q2 earnings conference call on July 25, 2006.

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