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Technology Stocks Atmel - the trend is about to change

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To: JakeStraw who wrote (13531)	7/13/2006 1:22:12 PM
From: Ian@SI	of 13565

not necessarily. If I remember correctly, ATML bought some French specialty chip company in the mid 90s complete with fab. Given the difficulty in laying off excess deadwood in France, the easiest way to deal with an obsolete fab and personnel would be to just dump the entire company; and move whatever operations one wants to sustain to the far east.

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To: Ian@SI who wrote (13532)	7/13/2006 1:25:10 PM
From: JakeStraw	of 13565

True, but if business was going gangbusters I'm sure they wouldn't be selling... Anyone remember how much Atmel originally paid for their French operation?

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To: JakeStraw who wrote (13533)	7/13/2006 1:46:52 PM
From: Ian@SI	of 13565

Sounds like the takeover offer caught you short ATML, long Puts or short Calls. Do you have some undisclosed position that compels you to post innuendo rather than fact or even analysis?

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To: Ian@SI who wrote (13534)	7/13/2006 1:49:33 PM
From: JakeStraw	of 13565

LOL! I haven't had a position in ATML since like '97 when it was actually a growing company. Hey, I posted my opinion which I'm certainly entitled to! Like I said, if business at Atmel was so good they would have no reason to sell assets and cut costs...

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From: Ian@SI	7/13/2006 2:03:36 PM
	of 13565

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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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?

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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.

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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.

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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 $$!

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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.

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