| To: Ian@SI who wrote (13547) | 10/30/2006 4:33:35 PM | | From: sixty2nds | | | | 16:01 ATML Atmel says actual measurement dates for certain stock options differed from the recorded measurement dates for such stock options (5.52 -0.10)
Co provided additional information regarding the status of the ongoing independent investigation of the co's stock option grant practices. Based on the Audit Committee's preliminary determination, the co expects that the difference in these measurement dates will result in material non-cash, stock-based compensation expenses. Any such charges would have the effect of decreasing net income or increasing net loss and increasing accumulated deficit as reported in the co's historical financial statements. The co expects to reflect the impact of the adjustments to those prior periods as an adjustment to the opening balances as of January 1, 2003 in the financial statements for the restatement period. Because the Audit Committee's investigation is ongoing, it has not identified all stock options for which the accounting measurement dates may have been incorrectly determined. As a result, the co has not determined the final aggregate amount of additional stock-based compensation expenses that may need to be recorded or the amount of such expenses that may need to be recorded in any specific prior period or in any future period. Further, there can be no assurance that no other matters will come to the attention of the Audit Committee during the course of its investigation that will require additional adjustments to the co's financial statements. |
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| From: brushwud | 6/11/2007 10:03:10 AM | | | | | | Atmel Files Fiscal 2006 Financial Statements
SAN JOSE, Calif., June 8 /PRNewswire-FirstCall/ -- Atmel(R) Corporation (Nasdaq: ATML) announced today that it has filed with the Securities and Exchange Commission (SEC) its annual report on Form 10-K for the year ended December 31, 2006 and its quarterly reports on Form 10-Q for the quarters ended June 30, 2006 and September 30, 2006. The Company expects to file its quarterly report on Form 10-Q for the quarter ended March 31, 2007 as soon as practicable and before June 30, 2007. With these filings, the Company will be current in its SEC filings and expects to regain compliance with NASDAQ's continued listing requirements.
Net income, on a GAAP basis, for 2006 totaled $14.7 million or $0.03 per diluted share compared to a net loss of $33.4 million or $0.07 per share for 2005.
corporate-ir.net |
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| From: Ian@SI | 7/12/2007 7:38:25 PM | | | | | | UPDATE: Third Point Amasses Atmel Stake
SAN FRANCISCO (Dow Jones) - Third Point LLC, run by hedge fund activist Daniel
Loeb, disclosed Thursday it purchased a 7.2% stake in Atmel Corp., a chipmaker
that is restructuring its operations.
In late afternoon trading, Atmel shares rose more than 5% to $5.96.
Third Point's stake equates to 35 million shares of Atmel's common stock,
according to a Securities and Exchange Commission filing. The hedge fund said it
spent $191 million to purchase the stock. It has been an aggressive buyer of the
stock since May.
Loeb is known for sending highly critical letters to corporate management.
Third Point is one of a group of activist hedge funds that take large
positions in companies and try to force changes by proposing new strategies,
negotiating with management, launching proxy battles and even taking control of
whole businesses.
In its filing Thursday, Third Point said it has no current plans to do such
things at Atmel (ATML) .
This past May, San Jose, Calif.-based Atmel successfully fended off a proxy
battle waged by the company's former CEO George Perlegos, who sought to remove
the directors who fired him in August 2006. Perlegos had been dismissed for
allegedly misusing company funds to pay for personal airline tickets.
Atmel makes a number of different chips used in cell phones, disk drives, car
alarms, camcorders and other applications. It's run by Steve Laub, a former
private-equity exec. |
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| From: Sleeperz | 3/11/2008 12:43:27 PM | | | | | | Just bought Quantum Capacitive Touch company.
Any thing left in this company? New direction. |
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