Atmel raises 4Q guidance

December 11, 2003 – Atmel Corp., San Jose, CA, has raised its expectations for 4Q03 to 7%-10% sequential revenue growth, up from 3%-6% in earlier predictions. Gross margins are expected to be higher as well, thanks to increased utilization and stabilizing prices. The company also said it could reach operating breakeven, with a small net loss.

“Virtually every product line has been at least slightly better than expected,” said president and CEO George Perlegos, noting particularly strong revenues from the company’s smart cards, serial EEPROM products, microcontrollers, and flash products.

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