|09:01 ATML Atmel Postpones Second Quarter Earnings Release (4.82 ) |
Co announced today that it has postponed its Q2 2006 earnings announcement and conference call previously scheduled for July 25, 2006. The Co also announced that the Audit Committee of the Co's Board of Directors has initiated an independent investigation regarding timing of past stock option grants and other potentially related issues. The Co will not announce its Q2 results or file its 10-Q for the quarter ended June 30, 2006 until after the completion of the investigation. The Co does not expect the investigation to be completed prior to the due date for the Co's Q2 10-Q, August 9, 2006, or the extended due date of August 14, 2006. Atmel executives will refrain from commenting further until the independent investigation is concluded.