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SemiconEng

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SemiconEng

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Friday, 09/10/2004 6:30:52 PM

Friday, September 10, 2004 6:30:52 PM

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Atmel Cuts Q3 Guidance
Online Staff -- Electronic News, 9/10/2004

http://www.reed-electronics.com/semiconductor/article/CA452229?spacedesc=news
Chipmaker Atmel Corp. reversed its guidance for the September quarter Thursday saying that revenues would be down 2 percent to 6 percent sequentially.

The San Jose-based device maker had originally guided revenue for Q3 to be up 2 percent to 6 percent sequentially over Q2's $420 million. "The revision in revenue guidance reflects softer than anticipated summer sales, which led to lower than expected market prices for some of our products," George Perlegos, Atmel's president and CEO, said in a statement. "Our microcontroller and memory businesses were the most impacted."
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