Atmel - the trend is about to change | Stock Discussion Forums

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks Atmel - the trend is about to change

Previous 10 Next 10

To: Ian@SI who wrote (13536)	7/13/2006 2:06:31 PM
From: JakeStraw	of 13565

Why is it such a great deal? Do you even know what they originally paid for that operation?

Share	RecommendKeepReply Mark as Last Read

To: JakeStraw who wrote (13535)	7/16/2006 11:39:18 AM
From: Dave O.	of 13565

< Like I said, if business at Atmel was so good they would have no reason to sell assets and cut costs... > Huh? ANY company that's focused on the bottom line is ALWAYS looking at ways to potentially cut costs. Further, if business was weak or the outlook gloomy why would ATML mgt. have rebuffed the takeover offer recently? My guess is that management feels the company is worth MORE than what was offered.

Share	RecommendKeepReply Mark as Last Read Read Replies (1)

To: Dave O. who wrote (13538)	7/16/2006 1:42:47 PM
From: BWAC	of 13565

<My guess is that management feels the company is worth MORE than what was offered.> My guess is they were looking out for their own fat salaries and the granting of some more options to themselves for absolute failure to grow the business or generate a return for shareholders the last 10 years. But hey, thats just my opinion. You can put ATML in the category of a company that just needs to go away. Either thru consolidation or ceasing business and returning the capital to shareholders.

Share	RecommendKeepReply Mark as Last Read Read Replies (1)

To: Ian@SI who wrote (13536)	7/17/2006 11:26:48 AM
From: BMcV	of 13565

<<Atmel will retain rights to its patented finger print scanning recognition technology.>> Spedread this as "Atmel will retain rights to its patented finger pointing recognition technology." Now that would be worth some $$!

Share	RecommendKeepReply Mark as Last Read

To: BWAC who wrote (13539)	7/17/2006 1:23:54 PM
From: Dave O.	of 13565

< My guess is they were looking out for their own fat salaries and the granting of some more options to themselves for absolute failure to grow the business or generate a return for shareholders the last 10 years. > Actually in the last 10 years one could have made some good $$$ with ATML. 10 years ago (7/96) it was at $6.81 (split adjusted) and was near $30 by 2000. That's 300+%. Semi's are cyclical and not buy & hold IMO. My perspective may be different as I bought in the past couple years in the $2's and $3's and sold into strength and then rebuy on weakness. Not many stocks I'd hold long term, most are trading vehicles IMO.

Share	RecommendKeepReply Mark as Last Read Read Replies (1)

To: Dave O. who wrote (13541)	7/25/2006 12:41:13 PM
From: sixty2nds	of 13565

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.

Share	RecommendKeepReply Mark as Last Read

From: sixty2nds	8/7/2006 9:45:53 AM
	of 13565

09:02 ATML Atmel: George Perlegos, Gust Perlegos and two additional officers terminated; CEO appointed (4.67 ) Co announces that its Board of Directors has appointed Steven Laub, currently a director of ATML and over 15-year industry veteran, as the co's President and Chief Executive Officer, effective immediately. Mr. Laub's appointment follows the unanimous decision of the Board's independent directors to terminate George Perlegos, as President and CEO; Gust Perlegos, as Exec VP, Office of the President; the VP and General Counsel and Assistant Secretary; and the VP of Planning and Information Technology. The Board's decision was made following an independent investigation into allegations regarding the misuse of corporate travel funds. George Perlegos and Gust Perlegos have been asked to resign as directors of the co.

Share	RecommendKeepReply Mark as Last Read

From: sixty2nds	8/7/2006 2:37:43 PM
	of 13565

11:23 ATML Atmel: New managers could accelerate restructuring actions - Wedbush Morgan (4.80 +0.13) -Update- Wedbush Morgan notes that ATML announced that it has terminated Chairman and CEO George Perlagos, Exec VP Gust Perlagos, VP and General Counsel, and the VP of Planning and IT for misuse of corporate travel funds. Firm says today's announcement increases the likelihood that ATML shareholders and co mgmt would be more open to a takeover offer, which could be meaningfully higher than the current stock price. Also, firm says a more objective and independent CEO could accelerate the firm's restructuring activities, potentially exiting unprofitable businesses or closing inefficient factories sooner than the previous mgmt team. On the other hand the firm says that the Perlago's alleged misuse of corporate travel funds, along with the firm's investigation into options backdating, could be representative of a larger systemic problem with general corporate governance issues at ATML

Share	RecommendKeepReply Mark as Last Read Read Replies (2)

To: sixty2nds who wrote (13544)	8/7/2006 4:06:55 PM
From: tech101	of 13565

With the Perlagos ousted, ATML will double in no time.

Share	RecommendKeepReply Mark as Last Read

To: sixty2nds who wrote (13544)	8/7/2006 4:25:04 PM
From: JDN	of 13565

Oh my Gawd, who would have ever thought?? jdn

Share	RecommendKeepReply Mark as Last Read