MIRA INFORM REPORT

 

 

Report Date :

08.11.2013

 

IDENTIFICATION DETAILS

 

Name :

ATMEL CORPORATION

 

 

Registered Office :

1600 Technology Drive, San Jose, CA, 95110-1382, Santa Clara County

 

 

Country :

United States

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

04.03.1999

 

 

Legal Form :

Public Parent

 

 

Line of Business :

Engaged in designing, developing and supplying of microcontrollers.

 

 

No. of Employees :

5,000

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Slow but correct

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – March 31st, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

United States

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 

UNITED STATES - ECONOMIC OVERVIEW

 

The US has the largest and most technologically powerful economy in the world, with a per capita GDP of $49,800. In this market-oriented economy, private individuals and business firms make most of the decisions, and the federal and state governments buy needed goods and services predominantly in the private marketplace. US business firms enjoy greater flexibility than their counterparts in Western Europe and Japan in decisions to expand capital plant, to lay off surplus workers, and to develop new products. At the same time, they face higher barriers to enter their rivals' home markets than foreign firms face entering US markets. US firms are at or near the forefront in technological advances, especially in computers and in medical, aerospace, and military equipment; their advantage has narrowed since the end of World War II. The onrush of technology largely explains the gradual development of a "two-tier labor market" in which those at the bottom lack the education and the professional/technical skills of those at the top and, more and more, fail to get comparable pay raises, health insurance coverage, and other benefits. Since 1975, practically all the gains in household income have gone to the top 20% of households. Since 1996, dividends and capital gains have grown faster than wages or any other category of after-tax income. Imported oil accounts for nearly 55% of US consumption. Crude oil prices doubled between 2001 and 2006, the year home prices peaked; higher gasoline prices ate into consumers' budgets and many individuals fell behind in their mortgage payments. Oil prices climbed another 50% between 2006 and 2008, and bank foreclosures more than doubled in the same period. Besides dampening the housing market, soaring oil prices caused a drop in the value of the dollar and a deterioration in the US merchandise trade deficit, which peaked at $840 billion in 2008. The sub-prime mortgage crisis, falling home prices, investment bank failures, tight credit, and the global economic downturn pushed the United States into a recession by mid-2008. GDP contracted until the third quarter of 2009, making this the deepest and longest downturn since the Great Depression. To help stabilize financial markets, in October 2008 the US Congress established a $700 billion Troubled Asset Relief Program (TARP). The government used some of these funds to purchase equity in US banks and industrial corporations, much of which had been returned to the government by early 2011. In January 2009 the US Congress passed and President Barack OBAMA signed a bill providing an additional $787 billion fiscal stimulus to be used over 10 years - two-thirds on additional spending and one-third on tax cuts - to create jobs and to help the economy recover. In 2010 and 2011, the federal budget deficit reached nearly 9% of GDP. In 2012 the federal government reduced the growth of spending and the deficit shrank to 7.6% of GDP. Wars in Iraq and Afghanistan required major shifts in national resources from civilian to military purposes and contributed to the growth of the budget deficit and public debt. Through 2011, the direct costs of the wars totaled nearly $900 billion, according to US government figures. US revenues from taxes and other sources are lower, as a percentage of GDP, than those of most other countries. In March 2010, President OBAMA signed into law the Patient Protection and Affordable Care Act, a health insurance reform that will extend coverage to an additional 32 million American citizens by 2016, through private health insurance for the general population and Medicaid for the impoverished. Total spending on health care - public plus private - rose from 9.0% of GDP in 1980 to 17.9% in 2010. In July 2010, the president signed the DODD-FRANK Wall Street Reform and Consumer Protection Act, a law designed to promote financial stability by protecting consumers from financial abuses, ending taxpayer bailouts of financial firms, dealing with troubled banks that are "too big to fail," and improving accountability and transparency in the financial system - in particular, by requiring certain financial derivatives to be traded in markets that are subject to government regulation and oversight. In December 2012, the Federal Reserve Board announced plans to purchase $85 billion per month of mortgage-backed and Treasury securities in an effort to hold down long-term interest rates, and to keep short term rates near zero until unemployment drops to 6.5% from the December rate of 7.8%, or until inflation rises above 2.5%. Long-term problems include stagnation of wages for lower-income families, inadequate investment in deteriorating infrastructure, rapidly rising medical and pension costs of an aging population, energy shortages, and sizable current account and budget deficits - including significant budget shortages for state governments

Source : CIA


Company name and address

 

Atmel Corporation

 

 

 

1600 Technology Drive

 

 

San Jose, CA 95110-1382

United States

 

Tel:

408-441-0311

Fax:

302-655-5049

 

www.atmel.com

 

Employees:

5,000

Company Type:

Public Parent

Corporate Family:

34 Companies

Traded:

NASDAQ:

ATML

Incorporation Date:

04-Mar-1999

Auditor:

KPMG LLP

 

 

 

 

 

 

 

 

Fiscal Year End:

31-Dec-2012

Reporting Currency:

US Dollar

Annual Sales:

1,432.1  1

Net Income:

30.4

Total Assets:

1,433.5  2

Market Value:

3,121.3

 

(18-Oct-2013)

 

 

 

 

 

 

 

 

 

Business Description

 

 

Atmel Corporation (Atmel) is engaged in designing, developing and supplying of microcontrollers. Atmel offers a portfolio of touch products, which integrate its microcontrollers with touch-focused intellectual property (IP). Its semiconductors also enable applications in many other fields, such as smart-metering for utility monitoring and billing, buttons, sliders and wheels found on the touch panels of appliances, various aerospace, industrial and military products and systems, and electronic-based automotive components, like keyless ignition, access, engine control, lighting and entertainment systems, for standard and hybrid vehicles. In October 2012, it sold its Serial Flash memory product lines to Adesto Technologies Corporation. In March 2013, Integrated Device Technology Inc (IDT) announced IDT has transferred the assets and design team of its smart metering IC product lines to the Company. For the six months ended 30 June 2013, Atmel Corporation revenues decreased 7% to $677M. Net loss totaled $34.7M vs. income of $21.1M. Revenues reflect South Korea segment decrease of 20% to $80.1M, Taiwan segment decrease of 33% to $23.8M, United States segment decrease of 7% to $89.4M. Net loss reflects Microntrollers segment loss totaling $18.2M vs. income of $3M.

 

Industry

 

 

Industry

Semiconductor and Other Electronic Component Manufacturing

ANZSIC 2006:

2429 - Other Electronic Equipment Manufacturing

ISIC Rev 4:

2610 - Manufacture of electronic components and boards

NACE Rev 2:

2611 - Manufacture of electronic components

NAICS 2012:

334413 - Semiconductor and Related Device Manufacturing

UK SIC 2007:

2611 - Manufacture of electronic components

US SIC 1987:

3674 - Semiconductors and Related Devices

 

Key Executives   (Emails Available)

 

 

 

Name

Title

 

Reza Kazerounian

Senior Vice President, General Manager - Microcontroller Business Unit

 

Steve Skaggs

Senior Vice President and Chief Financial Officer

 

Richard Lin

Vice President of Sales for Asia Pacific and Japan

 

Scott M. Wornow

Senior Vice President, Chief Legal Officer and Corporate Secretary

 

Hugo De La Torre

Principal Accounting Officer

 

 

Significant Developments

 

 

Topic

#*

Most Recent Headline

Date

Corporate Litigation

1

Infineon Technologies AG Settles Patent Infringement Row With Atmel Corp-Reuters

14-Jun-2013

Mergers & Acquisitions

2

Integrated Device Technology Inc Divests Smart Meter Business to Atmel Corp

7-Mar-2013

Officer Changes

1

Atmel Corp Confirms Appointment of Steve Skaggs as Permanent Chief Financial Officer

22-May-2013

Strategic Combinations

1

Atmel Corp and Wasion Group To Develop PRIME PLC Smart Meter Solutions

15-Jan-2013

Business Deals

3

Atmel Corp's maXTouch T Series Single-Chip Controllers Power Touchscreens for Multiple New ASUS Tablets and Ultrabooks

6-Jun-2013

 

News

 

 

Title

Date

Active-Semi Devices power solution for Atmel eMPU SAMA5 and SAM9 Series ARM processors
EDN.com (240 Words)

6-Nov-2013

Form 10-Q ATMEL CORP For: Sep 30
BusinessWeek (154 Words)

5-Nov-2013

Active-Semi solution for Atmel eMPU SAMA5 and SAM9 Series
Evertiq (319 Words)

5-Nov-2013

Atmel Expands Lowest-Power Cortex-A5 Processor-based MPU Portfolio with New Device and Ecosystem Extensions
SOCCentral.com (384 Words)

5-Nov-2013

Hillcrest Labs Joins Atmel® Partner Program to Deliver Low Power, High Performance ...
ThomasNet (529 Words)

5-Nov-2013

Atmel Achieves Windows 8 Certification for XSense, The Innovative Flexible Touch Sensor Material
PR Newswire US (481 Words)

5-Nov-2013

 

Financial Summary

 

 

As of 30-Jun-2013

Key Ratios

Company

Industry

Current Ratio (MRQ)

2.77

3.90

Quick Ratio (MRQ)

1.74

3.02

Debt to Equity (MRQ)

0.0000

0.21

Sales 5 Year Growth

-2.67

11.04

Net Profit Margin (TTM) %

-1.84

19.30

Return on Assets (TTM) %

-1.83

15.21

Return on Equity (TTM) %

-2.62

21.72

 

 

 

 

 

Stock Snapshot

 

 

 

Traded: NASDAQ: ATML

 

As of 18-Oct-2013

   Financials in: USD

Recent Price

7.30

 

EPS

0.13

52 Week High

8.40

 

Price/Sales

2.18

52 Week Low

4.37

 

Price/Book

3.14

Avg. Volume (mil)

4.83

 

Beta

1.48

Market Value (mil)

3,121.31

 

 

 

 

Price % Change

Rel S&P 500%

4 Week

-4.51%

-6.40%

13 Week

-5.07%

-7.92%

52 Week

50.67%

25.87%

Year to Date

11.45%

-8.89%

 

 

2 Year Weekly End Price & Volume

>> Stock Report

 

1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1

2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1

 

 


Corporate Overview

 

Atmel Corporation

 

Location
1600 Technology Drive
San Jose, CA, 95110-1382
Santa Clara County
United States

 

Tel:

408-441-0311

Fax:

302-655-5049

 

www.atmel.com

Quote Symbol - Exchange

ATML - NASDAQ

Sales USD(mil):

1,432.1

Assets USD(mil):

1,433.5

Employees:

5,000

Fiscal Year End:

31-Dec-2012

 

 

 

Industry:

Semiconductors

Incorporation Date:

04-Mar-1999

Company Type:

Public Parent

Quoted Status:

Quoted

 

Senior Vice President, Chief Legal Officer and Corporate Secretary:

Scott M. Wornow

 

Industry Codes

 

ANZSIC 2006 Codes:

2429

-

Other Electronic Equipment Manufacturing

2422

-

Communication Equipment Manufacturing

 

ISIC Rev 4 Codes:

2610

-

Manufacture of electronic components and boards

2630

-

Manufacture of communication equipment

 

NACE Rev 2 Codes:

2611

-

Manufacture of electronic components

2630

-

Manufacture of communication equipment

 

NAICS 2012 Codes:

334413

-

Semiconductor and Related Device Manufacturing

334220

-

Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing

334419

-

Other Electronic Component Manufacturing

 

US SIC 1987:

3674

-

Semiconductors and Related Devices

3663

-

Radio and Television Broadcasting and Communications Equipment

3679

-

Electronic Components, Not Elsewhere Classified

 

UK SIC 2007:

2611

-

Manufacture of electronic components

26309

-

Manufacture of communication equipment (other than telegraph and telephone apparatus and equipment)

 

Business Description

Atmel Corporation (Atmel), incorporated in December 1984, is engaged in designing, developing and supplying of microcontrollers. Atmel offers a portfolio of touch products, which integrate its microcontrollers with touch-focused intellectual property (IP). The Company also designs and sells products, which are complementary to its microcontroller, including nonvolatile memory and Flash memory products, radio frequency (RF) and mixed-signal components and application specific integrated circuits (IC). Its semiconductors also enable applications in many other fields, such as smart-metering for utility monitoring and billing, buttons, sliders and wheels found on the touch panels of appliances, various aerospace, industrial and military products and systems, and electronic-based automotive components, like keyless ignition, access, engine control, lighting and entertainment systems, for standard and hybrid vehicles. Its microcontrollers, which are self-contained computers-on-a-chip, and related products are used in smartphones, tablet devices and other consumer and industrial electronics to provide core functionality for touch sensing, security, wireless and battery management. On February 15, 2011, it sold its DREAM business, including its French subsidiary, Digital Research in Electronics, Acoustics and Music SAS (DREAM), which sold custom designed ASIC chips for karaoke and other entertainment machines. On October 6, 2011, it acquired Advanced Digital Design, S.A. In October 2012, it sold its Serial Flash memory product lines to Adesto Technologies Corporation. In March 2013, Integrated Device Technology Inc (IDT) announced IDT has transferred the assets and design team of its smart metering IC product lines to the Company.

Atmel operates in four segments: Microcontrollers, Nonvolatile Memories, RF and Automotive, and Application Specific Integrated Circuit (ASIC). Microcontrollers segment includes a range of microcontrollers enabling developers to design complete system solutions for a range of advanced applications. During the year ended December 31, 2011, the Microcontroller segment consisted of 62% of its net revenues. Nonvolatile Memories segment consists of serial interface electrically erasable programmable read-only memory (SEEPROM) and serial interface Flash memory products. During 2011, the Nonvolatile Memories segment consisted of 14% of its net revenues. RF and Automotive segment includes products designed for the automotive industry, including automobile electronics, networking and access systems, and engine, lighting and entertainment components. During 2011, the RF and Automotive segment consisted of 11% of its net revenues. ASIC segment includes custom application specific IC designed to meet specialized single-customer requirements for their devices in a range of specific applications. During 2011, the ASIC segment consisted of 13% of its net revenues.

Microcontrollers

Atmel’s Microcontroller segment offers customers a range of products in the industrial, security, communications, computing and automotive markets for embedded controls. The Company’s product portfolio consists of solutions, with four major flash-based microcontroller architectures: Atmel AVR eight-bit and 32-bit microcontroller platforms; Atmel QTouch and Atmel maXTouch products; embedded 32-bit ARM-based product family, and 8051 eight-bit based industry standard microcontroller products. Atmel AVR combines architecture for C and assembly programming. It also offers a range of industry development tools and design support, enabling customers to refine and improve their product offering. Through its QTouch and maXTouch products, it is a supplier of sensing solutions for touchscreens and other touch controls. Its maXTouch architecture combines touch sensing with algorithms, enabling capabilities on screen sizes ranging from mobile phones to tablet devices. Its maXTouch products enable a device to track up to 16 fingers simultaneously. Its software allows a device to reject unintended touches resulting from gripping the screen or resting palms on the device.

The Company’s QTouch and maXTouch devices are microcontroller-based capacitive sensing ICs designed to detect touch with copper electrodes on a printed circuit board (PCB) or Indium Tin Oxide (ITO) electrodes on a clear touchscreen panel, respectively. QTouch is designed for discreet touch button, slider and wheel (BSW) applications. In addition, QMatrix technology allows for the support of a much number of sensors in a single chip. Its microcontroller architecture offers, a user is able to integrate multiple features in a single device, such as proximity sensing for detecting a finger or hand at a distance and haptic effects for providing tactile feedback. The Company’s AT91SAM ARM-based products are designed utilizing 32-bit ARM7TM, ARM9TM and ARM Cortex architectures, where it offers a range of products with and without embedded nonvolatile memories. The Atmel SAM3 Cortex M3-based, SAM4 Cortex M4-based and Atmel SAM7 ARM7TDMI-based microcontrollers provide a migration path from eight/16-bit microcontroller technology for applications. Selected devices integrate cryptographic accelerators and protection against physical attacks, making them suitable for financial transaction applications requiring security levels.

The Company’s SAM9 ARM926-based products are 32-bit embedded microprocessors, with complex analog and digital peripherals integrated on the same chip, offering connectivity, optimal data bandwidth, and interface support. Its 8051 eight-bit microcontroller product offering is based on the standard 8051 central processing unit (CPU) and ranges from products containing two kilobytes of embedded flash memory to the products offering 128 kilobytes of embedded Flash memory. Its 8051 products address a portion of the eight-bit microcontroller market in which customers already have installed software and application base that uses standard 8051 architecture.

Nonvolatile Memories

The Company’s serial interface products evolved from its electrically erasable programmable read-only memory (EEPROM) and flash memory technology. Its serial interface product portfolio includes Serial EEPROMs and two complete families of Serial Flash memories. It offers three families of Serial EEPROMs, supporting industry standard I2C (2-wire), Microwire (3-wire), and serial peripheral interface (SPI) protocols. Its Serial EEPROM products can be found in a multitude of consumer, industrial, and automotive applications, such as wireless local area network (WLAN), adapters, liquid crystal display (LCD) televisions, video game systems and global positioning system (GPS) devices. Its DataFlash family of Serial Flash memories delivers solutions to store amounts of granular data or to store both embedded program code and data while utilizing small, low pin-count packages. By using DataFlash memories, customers can minimize pin counts, simplify circuit boards, and reduce power consumption. DataFlash products are used in a range of applications, such as digital answering machines, fax machines, personal computers, printers, radar detectors, security systems and energy meters.

The Company’s SPI Serial Flash family offers pin-compatible devices to the entire family of SPI Serial EEPROMs. The SPI Flash family's architecture and features allow the devices to be used in an array of applications. Like Serial EEPROMs and DataFlash devices, its SPI Flash products utilize ultra-small packages like dual flat no-lead (DFNs), and wafer level chip scale packages, in addition to industry standard small-outline integrated circuits (SOICs). SPI Flash is used for code storage in a diverse set of consumer and industrial applications, including products, such as smartphones, tablet computers, desktop and notebook computers, hard disk drives, compact disc (CD)/ digital versatile disc (DVD) Read/Write drives, Blu-ray and DVD players, moving picture experts group layer-3 audio (MP3) players, digital picture frames, set-top boxes and LCD televisions. The Company is a supplier of in-system programmable Parallel EEPROMs. These products are used to store updated data in communications infrastructure equipment and avionics navigation systems. Its OTP EPROM products address the performance end of this market where demand and pricing is relatively stable. These products are used to store the operating code of embedded microcontroller (DSP)-based systems.

RF and Automotive

With the Company’s automotive RF products, it is a supplier for automobile access solutions. Its products include keyless entry solutions for wireless passive entry/go systems, corresponding ICs for access control unit receivers and transceivers, and tire pressure monitoring systems for automobiles. Innovative immobilizer ICs, which incorporate the accepted advanced encryption standard (AES), offer car theft protection. High voltage ICs are manufactured utilizing mixed signal high voltage technology, providing analog-bipolar, high voltage double-diffused metal oxide semiconductor (DMOS), power and complementary metal oxide semiconductor (CMOS) logic function on a single chip. The Company’s ICs withstand and operate at high voltages and can be connected directly to the battery of a car, and focus on load drivers, local interconnect network in-vehicle networking (LIN/IVN) and battery management products for hybrid cars. The applications for the load drivers are motor and actuator drivers and smart valve controls. Its battery management ICs target Li-ion battery systems. Its LIN/IVN in-vehicle networking products help car makers simplify the wire harness by using the LIN bus. Many body electronic applications can be connected and controlled through the LIN network bus, including switches, actuators and sensors.

The RF product line includes low frequency RF identification tag ICs targeted toward the access control market and the livestock and pet tagging markets. These ICs are used with a reader IC to make contactless identification possible for a range of applications. Its RF products also target the industrial, scientific, and medical (ISM) RF market, including wireless remote control applications, such as home alarm systems, garage door openers, remote controlled toys, wireless game consoles. Its broadcast radio product line includes an industry portfolio of antenna drivers, which enable small form factor car antennas. In addition, it also offers infrared receivers (IR).

ASIC

The Company designs, manufactures and markets ASICs for logic devices in a range of customer-specific applications. Its SiliconCity design platform utilizes its libraries of analog and digital IP blocks. This approach integrates system functionality into a single chip based on its architecture platform combined with libraries of IP blocks in the industry. The Company designs and manufactures ASICs in a range of products that includes standard digital and analog functions, as well as nonvolatile memory elements and pre-designed macro functions all integrated on a single chip. Its ASIC products are targeted at customers whose applications require high-speed, high-density or low and mixed-voltage devices, such as customers in the medical, consumer and security markets.

The Company’s solutions for multimedia and wireless communications devices focus home entertainment, security and automotive applications. Its hardware authentication devices offer a secure, hardened solution for authentication of legitimate original equipment manufacturers (OEMs) offerings, storage for confidential information and trusted identification across wired and wireless networks. It produces its CryptoMemory, CryptoRF, smart card reader chips and secure microcontrollers for point of sales terminals. Its field programmable gate arrays (FPGAs), with FreeRAM and Cache Logic, provide memory management and a reconfigurable solution for adaptive digital signal processing and other computationally intensive applications. It also offers a family of radiation hardened FPGAs for space applications. Its family of reconfigurable FPGA Serial Configuration EEPROMs can replace one-time-programmable devices for FPGAs from other vendors. In addition, it offers FPGA-to-gate array conversions for both military and commercial applications.

The Company competes with Cypress, Freescale, Fujitsu, Hitachi, Infineon, Intel, Microchip, NXP Semiconductors, ON Semiconductor, Renesas, Samsung, Spansion, STMicroelectronics, Synaptics and Texas Instruments

 

More Business Descriptions

Atmel Corporation (Atmel) is engaged in designing, developing and supplying of microcontrollers. Atmel offers a portfolio of touch products, which integrate its microcontrollers with touch-focused intellectual property (IP). Its semiconductors also enable applications in many other fields, such as smart-metering for utility monitoring and billing, buttons, sliders and wheels found on the touch panels of appliances, various aerospace, industrial and military products and systems, and electronic-based automotive components, like keyless ignition, access, engine control, lighting and entertainment systems, for standard and hybrid vehicles. In October 2012, it sold its Serial Flash memory product lines to Adesto Technologies Corporation. In March 2013, Integrated Device Technology Inc (IDT) announced IDT has transferred the assets and design team of its smart metering IC product lines to the Company. For the six months ended 30 June 2013, Atmel Corporation revenues decreased 7% to $677M. Net loss totaled $34.7M vs. income of $21.1M. Revenues reflect South Korea segment decrease of 20% to $80.1M, Taiwan segment decrease of 33% to $23.8M, United States segment decrease of 7% to $89.4M. Net loss reflects Microntrollers segment loss totaling $18.2M vs. income of $3M.

 

Advanced Semiconductors Designer, Marketer & Mfr

 

Establishments primarily engaged in manufacturing semiconductors and related solid- state devices. Important products of this industry are semiconductor diodes and stacks, including rectifiers, integrated microcircuits (semiconductor networks), transistors, solar cells, and light sensing and emitting semi-conductor (solid-state) devices.

 

Atmel Corporation (Atmel) designs, develops, and supplies microcontrollers, capacitive touch solutions, advanced logic, mixed-signal, nonvolatile memory and radio frequency (RF) components. It offers microcontrollers for smartphones, tablet devices, ultrabooks, e-readers, wireless peripherals and other consumer and industrial electronics. The company classifies its business operations into four reportable segments namely, Microcontrollers, Nonvolatile Memories, Radio Frequency (RF) and Automotive, and Application Specific Integrated Circuit (ASIC). Microcontrollers segment provides a variety of proprietary and standard microcontrollers. Majority of the microcontrollers contain embedded nonvolatile memory and integrated analog peripherals. It also provides products with military and aerospace applications. The Microcontrollers offered by the company include AVR 8-bit and 32-bit products, maXTouch and QTouch, ARM based products, Atmel's 8051 8-bit products, and designated commercial wireless products such as low power radio and SOC products that meet Zigbee and Wi-Fi specifications. For the fiscal year ended December 2012, the Microcontroller segment accounted for 62% of the company’s net revenue. Nonvolatile Memories segment provides serial interface electrically erasable programmable read-only memory (SEEPROM), serial interface Flash memory products, parallel interface Flash memories and mature parallel interface EEPROM and EPROM devices. It also provides products with military and aerospace applications. For the fiscal year ended December 2012, the Nonvolatile Memory segment accounted for 12% of the company’s net revenue. RF and automotive segment is engaged in designing products for use in the automotive industry. The products include, network and access systems, automobile electronics, and engine, lighting and entertainment components among others. The segment manufactures and markets wireless and wired devices for use in industrial, consumer and automotive applications. It also provides foundry services, which produce radio frequency products for the mobile telecommunications market. For the fiscal year ended December 2012, the RF and Automotive segment accounted for 11% of the company’s net revenue. ASIC segment consists of custom and application specific integrated circuits, which are designed to meet specialized single-customer requirements. The segment also provides security for digital data transactions, including smart cards for mobile phones, set-top boxes, banking and national identity cards. It develops secure memory products, and customer specific products for use in high reliability space applications along with products with military and aerospace applications. For the fiscal year ended December 2012, the ASIC segment accounted for 14% of the company’s net revenue.The company provides its products to seven major markets, industrial, mobile devices, communications, networking and telecommunications products, automotive, military and aerospace and consumer goods. It offers capacitive touchscreen and sensor management technologies to mobile devices market. It provide nonvolatile memory and baseband and RF ASICs to wireless market; a range of products based on the IEEE 802.11 wireless LAN standard, and on Zigbee and Bluetooth short-range wireless protocols to communications market. The major customers of Atmel in communications market include Ericsson, Fujitsu, HTC, Motorola, Nokia, Pantech, Philips, and Qualcomm, among others. The data networking and wireline telecommunications customers of the company are Alcatel Lucent, Cisco and Siemens. The company offers microcontrollers for lighting controls and touchscreen user interface applications. It provides secure tamper resistant circuits for embedded personal computer security applications. It also sells BSW that are used to provide tactile based user interfaces for many consumer products. Some of the major consumer electronics customers of Atmel include Acer, Dell, Invensys, LG Electronics, Harman Becker, Honeywell, Hosiden Corporation, Logitech, Matsushita, among others. The company offers flash memory, serial memory, USB hubs and ASICs for personal computers, USB drives and servers as well as capacitive touchscreen technology for tablet devices. It provides trusted platform module (TPM) products, nonvolatile memory, ASICs and microcontrollers for laser printers, inkjet printers, copy machines and scanners. The company’s principal customers of computing-peripherals markets include Dell, IBM, Epson, Hewlett-Packard, Intel, Lexmark, M-Systems and Samsung. It serves automobile sector by offering body electronics for passenger comfort and convenience, safety related subsystems. The major customers in automotive markets include Continental-Temic, Chrysler, Delphi, Hella, Robert Bosch, Magneti Marelli, among others. It provides RAD ASICs, FPGAs, nonvolatile memories and microcontrollers for military and aerospace industries. The company’s principal customers of military and aerospace markets include BAE Systems, EADS, Lockheed-Martin, Northrop Grumman, Roche, Thales, among others. The company's research and development (R&D) activities focuses product development, developing new wafer processing, and designing technologies and embedded applications to create new product. For the fiscal year ended December, 2012, the company spent R&D expenditure accounted for 17.5% of company’s total revenue.The company ownes and operates one wafer fabrication facility in Colorado Springs, Colorado. The company directly sells their products directly to original equipment manufacturers (OEMs) and indirectly to OEMs through network of global distributors. The company sells products to large OEM by using manufacturers' representatives or through national and regional distributors. For the fiscal year ended December, 2012, direct sales to OEM contributed 49% of the company’s net revenue, followed by sales to distributors with 51%. Some of the major partners of the company include Arduino, ARM University, Digi-Key Corporation, Total Phase, Inc., and Mouser Electronics, Inc. Geographically, the company categorizes its business operations into four regions, namely, Asia, Europe, United States and Rest of the world (includes South Africa, and Central and South America). For the fiscal year ended December 2012, Asia contributed 60% of the company’s net revenue, followed by Europe with 25%, United States with 13 % and Rest of the world with 2%. In June 2013, the company introduced ATECC108 solution with elliptical curve (ECC) asymmetric key algorithm in its CryptoAuthentication portfolio. In the same month, the company signed an agreement with Sensinode to license 6LoWPAN software solutions that will enable the rapid development of smart, connected wireless products that help make up The Internet of Things.

 

Atmel Corporation (Atmel) is a leading designers, developers and suppliers of microcontrollers. The major product offering include microcontrollers, nonvolatile memory and Flash memory products, radio frequency and mixed-signal components and application specific integrated circuits. The company’s semiconductor product finds applications in various markets including, industrial, communications, networking and telecommunications products, consumer electronics, computing, storage and printing, automotive and military and aerospace. The company, together with its subsidiaries and representative offices, operates in Americas, EMEA region and Asia-Pacific. Atmel is headquartered in San Jose, the US.The company strategically focuses on expansion through the acquisition of businesses, assets, products or technologies, which will allow it to expand its existing product offerings, market coverage, and enhance its technological capabilities. The company entered into definitive agreement to acquire Ozmo, Inc. The acquisition will help the company to expand its wireless offerings.The company reported revenues of (U.S. Dollars) USD 1,432.11 million during the fiscal year ended December 2012, a decrease of 20.57% from 2011. The operating profit of the company was USD 47.36 million during the fiscal year 2012, a decrease of 87.60% from 2011. The net profit of the company was USD 30.45 million during the fiscal year 2012, a decrease of 90.33% from 2011.

 

Atmel Corporation (Nasdaq: ATML) is a worldwide leader in the design and manufacture of microcontrollers capacitive touch solutions advanced logic mixed-signal nonvolatile memory and radio frequency (RF) components. Leveraging one of the industrys broadest intellectual property (IP) technology portfolios Atmel is able to provide the electronics industry with complete system solutions focused on industrial consumer communications computing and automotive markets.

 

 

Atmel Corporation, established in 1984, is a worldwide leader in the design, manufacturing and marketing of advanced semiconductors, which includes advanced logic, nonvolatile memory, mixed signal and radio frequency integrated circuits and sensors. These functions are marketed as standard products, application-specific standard products or customer-specific products. Atmel's product portfolio services fast-growing segments in all the major application areas that include consumer, computer/network, telecommunications, secure systems, industrial, automotive, aerospace and military. Atmel Corporation is based in San Jose, Calif.

 

 

 

 

 

Product Codes

Product Code

Product Description

SUB-SE-ID

Image/display ICs

SUB-SE-IK

Logic ICs

SUB-SE-IN

EEPROM ICs

SUB-SE-IN

Flash ICs

TAM-PV-D

Micro controllers

 

 

 

 

Brand/Trade Names

Fpslic - Integrated circuits

Megaavr - Computer peripheral equipment

Dream - Circuit boards

Avr Studio - Computer software

Sigmos - Electronic equipment

Logic Doubling - Integrated circuits

Cryptomemory - Semiconductors

Siliconcity - Circuit boards

Making Smart Cards Smarter - Semiconductors

Quickflash - Electrical equipment

 

Financial Data

Financials in:

USD(mil)

 

Revenue:

1,432.1

Net Income:

30.4

Assets:

1,433.5

Long Term Debt:

5.6

 

Total Liabilities:

436.9

 

Working Capital:

0.5

 

 

 

Date of Financial Data:

31-Dec-2012

 

1 Year Growth

-20.6%

-90.3%

-6.1%

 

Market Data

Quote Symbol:

ATML

Exchange:

NASDAQ

Currency:

USD

Stock Price:

7.3

Stock Price Date:

10-18-2013

52 Week Price Change %:

50.7

Market Value (mil):

3,121,308.0

 

SEDOL:

2062310

ISIN:

US0495131049

 

Equity and Dept Distribution:

Common Stock $.001 Par, 4/11, 1.6B auth., 457,491,384 issd. Insiders & strategic holders own 2.70%. IPO 3/91, 4.5M shs @ $13 by Alex Brown. PO 9/94, 2.2M shs @ $28.625 by Alex Brown. PO 6/95, 2M shs @ $47.875 by Alex Brown. PO: 2/00, 18M shs @ $35.50 by Morgan Stanley. PO: 9/00, 4M @ $18.50 by Morgan Stanley. 8/00, 12/99, 8/95, 4/94, 3/91, 2-for-1

 

 

Key Corporate Relationships

Auditor:

KPMG LLP

Bank:

Kbm Workspace

 

Auditor:

KPMG LLP

 

 

 

 

 

 

 

Additional Infomation

ABI Number:

830418406

 

 

 

 

 

Key Organizational Changes

In September 2011, the company signed a definitive agreement to acquire Advanced Digital Design, S.A. (ADD Semiconductor), , which is a privately held company based in Zaragoza, Spain engaged in developing power line communication solutions. The acquisition is expected to benefit in terms of complementing weel with the company's smart energy product portfolio for continued success in the growing energy management,smart meter home and building automation markets. In September 2011, the company underwent a collaboration agreement Arduino on several development boards using Atmel AVR and ARM-based microcontroller (MCU) products. This would allow the company to demonstrate several platforms including Arduino Leonardo, Arduino Due and Arduino WiFi among others. Similarly, in February 2011, the company collaborated with NVIDIA to bring high-performance, multi-touch, large-format touchscreen solutions to market.

 

Partnerships

 

For calendar 2012, operating cash flow exceeded $200 million. Combined cash balances (cash and cash equivalents plus short-term investments) totaled $296.1 million at the end of the fourth quarter of 2012, an increase of $6.9 million from the immediately preceding quarter.Jan 22, 2013Atmel Signs License Agreement With Exegin For ZigBee Stacks Design Use In Wireless Smart Grid ApplicationsAtmel Corporation signed an agreement with Exegin Technologies Limited (Exegin) to jointly offer integrated wireless communications solutions for smart grid applications. In this agreement, Exegin will license its ZigBee networking stacks to Atmel for use in a variety of solutions for smart grid applications in wireless mesh networks.The joint collaboration will enable smart metering customers to enjoy a full range of integrated smart metering solutions in the 2.4 GHz and sub-GHz bands. Leslie Mulder, president of Exegin, said, "We are excited to be a strategic collaborator with Atmel. One of our joint reference designs, featuring an Atmel SAM9 microprocessor, AT86RF212 and AT86RF233 transceivers, with a ZigBee SE1.

 

0 development solution, is extremely successful among our customers. We plan to add additional joint reference designs including an Atmel SAM4-based ZigBee SE 2.0 solution, which will be available in first quarter of 2013. We look forward to continuing a strong collaboration with Atmel, as we feel we're just getting started."Jan 15, 2013Atmel And Wasion Group Sign MoU To Develop PRIME PLC Smart Meter SolutionsAtmel Corporation and Wasion Group Holdings Ltd. (Wasion Group) signed a memorandum of understanding (MoU) to develop smart electricity meters and data concentrators using power line communication (PLC) solutions developed by Atmel.Atmel and Wasion Group will collaborate on product developments based on the Atmel ATPL210, ATPL220 and recently announced SAM4SP32A, a single-chip PRIME compliant system-on-chip solution based on an ARM Cortex-M4 processor-based microcontroller core with 2 MB of flash memory, supported by Atmel Studio 6 integrated development

 

platform. Wang Xuexin, general manager of overseas division at Wasion Group, said, "Working with a leading supplier like Atmel who has in-depth understanding of smart metering technologies will enable us to bring electricity meter and data concentrator solutions to market more rapidly. Through our collaboration, we will be able to accelerate development, field testing and roll-out of smart metering solutions."Nov 19, 2012Atmel Joins G3-PLC AllianceAtmel Corporation announced that it has become the newest member of the G3-PLC Alliance. The G3-PLC specification, approved by the International Telecommunications Union and compliant with the IEEE 1901.2 standard, is a new low-frequency, orthogonal frequency division multiplexing-based narrowband powerline communications (NB-PLC) standard.The G3-PLC is the first NB-PLC standard that supports the IPv6 internet protocol that allows internet-based energy management systems used by utilities and grid operators to better manage their assets on the grid.

 

 

 

Atmel Corporation

 

 

Strengths/Weaknesses (SWOT)

 

 

Helpful
to achieving the objective

Harmful
to achieving the objective

Internal Origin
(attributes of the organization)

Strengths

·        Strong Customer Base

·        Robust Research & Development Activities

·        Strong Product Portfolio

Weaknesses

·        Lack of Long-Term Contracts

·        Dependence on Distributors and Contractors

External Origin
(attributes of the environment)

Opportunities

·        Outlook for EMS

·        Growing Demand for Semiconductors

·        Growth in Telecommunications Services

·        Strategic Acquisitions and Collaborations

Threats

·        Rapid Technological Changes

·        Cyclic Nature of Semiconductor Industry

·        Intense Competition

 

Overview

Atmel Corporation (Atmel) is involved in designing, manufacturing and selling semiconductor integrated circuit (IC) products, which include microcontrollers, advanced logic, mixed signal, nonvolatile memory and radio frequency (RF) components. The company’s wide customer base, strong product portfolio and R&D place the company at an advantage over its peers. Dependence on distributors and contractors and lack of long-term contracts are its major drawbacks. Though the company has risks associated with economic slowdown and competition, the positive outlook for semiconductors and its alliances ensure the company’s top line growth.

Strengths

Strong Customer Base

Strong customer base helps Atmel to strengthen its foothold in the market. The company has a wide customer base through which it generates a major portion of its revenue and maintains its strong financial position. Its principal markets covers industrial, Communications, Networking and Telecommunications Products, Consumer Electronics, Computing, Storage and Printing, Automotive, and Military and Aerospace sectors. The huge customer base includes market leading companies such as Ericsson, Motorola, Nokia, Philips, Qualcomm, Samsung, Siemens, Alcatel, Cisco, Microsoft, LG Electronics, Sony, Toshiba, IBM, Intel, Seagate, HP, Dell, Sagem, Daimler-Chrysler, Robert Bosch and BAE systems, amongst others. With major players of the markets as its customers, Atmel has a higher market share as compared to most of its competitors.

Robust Research & Development Activities

The robust research and development (R&D) capabilities of Atmel provides competitive edge over other major players in the market. The R&D activities of the company focus on improving the performance of products and developing new technologies. The company focuses on R&D activities to develop semiconductor products and enhance as well as maintain its technological advantages. Its R&D capabilities enable Atmel to overcome technical barriers encountered in the commercialization of sophisticated semiconductor offerings. For the fiscal year ended December 2012, the company invested $251.52m in its research activities. Atmel is associated with various European research organizations and received many R&D grants. The R&D team of the company has undertaken several projects to enhance and develop products and technologies. Such strong R&D capabilities of the company enable it to implement innovative technologies and deliver advance products, and services that meet its customers' critical needs.

Strong Product Portfolio

The strong product portfolio with wide range of microcontrollers, capacitive touch solutions, advanced logic, mixed-signal, nonvolatile memory and radio frequency (RF) components that makes Atmel a leader in the market and helps cater to the varying needs of its customers. The Microcontroller segment of the company offers products for the industrial, security, communications, computing and automotive markets for embedded controls. Microcontrollers offered by the company include Atmel AVR 8-bit and 32-bit Microcontrollers, Atmel QTouch and Atmel maXTouch, AT91SAM ARM-based products, Atmel 8051 and Xsense. It provides serial interface electrically erasable programmable read-only memory (SEEPROM), serial interface Flash memory products, parallel interface Flash memories and mature parallel interface EEPROM and EPROM devices. . Atmel also engages in providing its complete system solutions, principally with solutions incorporating microcontrollers. The company offers security for digital data transactions including smart cards for mobile phones, set-top boxes, banking and national identity cards. The proprietary and non proprietary solutions targets the high volume embedded control market through its proprietary Atmel AVR 8-bit and 32-bit microcontroller platforms, embedded 32-bit ARM-based product family, and 8051 8-bit based industry standard microcontroller products. Atmel is also into the development of secure memory products, and customer specific products for use in high reliability space applications. Thus, the wide range of products and related services enable it to retain its customer base.

Weaknesses

Lack of Long-Term Contracts

Atmel's inability to maintain long term contracts affects creates uncertainty in the future order levels from its customers. When the company does enter into a long-term contract, the customer has the option to terminate the contract at his convenience. This termination option puts the company into risk for replacing that revenue resource. Thus company should devise strategies to develop new and long term contracts to support its operations, which otherwise would harm its financial results.

Dependence on Distributors and Contractors

The over dependence on distributors and contractors disrupts the operational stability of Atmel. The company’s business could be harmed if any of them is beset with financial or related problems. Also, the sales terms for the company’s European distributors generally include very limited rights of return and stock rotation privileges. The company might take time to identify financially viable distributors and help them develop high quality support services during which the sales in the regions of Asia and Europe might decrease. For the fiscal year ended December 2012, the company derived around 51% of its sales through distributors, which clearly reflects its dependence on distributors for their revenue generation. Though the company manufactures a majority of the wafers for its products, they are then shipped to one of its independent assembly contractors located in China, the Philippines, South Korea, Indonesia, Japan, Malaysia, Taiwan or Thailand. It is this reliance on independent contractors to assemble, package and test its products, which involves risks such as less control over quality of the finished products and delivery schedules, the potential lack of adequate capacity and discontinuance of the contractors’ assembly processes, which could in turn affect the revenue of Atmel.

Opportunities

Outlook for EMS

The global Electronic Manufacturing Services (EMS) industry, in which the company operates, has been growing rapidly with improving prospects for the future. According to analysts, the global market for EMS is projected to reach $671.7 billion by 2018. The market is likely to be driven by strong demand for computer applications, recovering demand for electronics assembly services and shift in manufacturing mix from original equipment manufacturers (OEMs) to the outsourcing of manufacturing. In 2011, the global electronic manufacturing services market (excluding original design manufacturing) recorded value in excess of $215 billion and registered a growth rate of approximately 12.8% over that in 2010, of which computer applications segment accounted for 39% of the total market. It was forecast that the market would record value in excess of $279.3 billion in 2016 at a CAGR of approximately 5% (2011-2016). The demand for EMS is expected to be high in low-cost countries in Asia-Pacific, Latin America and Eastern Europe. The Asia-Pacific EMS market constitutes the largest and fastest growing market. The company could benefit from such positive outlook for EMS.

Growing Demand for Semiconductors

Positive outlook for the semiconductor market could provide greater opportunities for the company. Sale of PCs in the developing countries is expected to be higher than their replacement sales in the saturated markets of North America and Western Europe. In the future, the demand for semiconductors is expected to be high from the automotive industry, as an average vehicle will have more semiconductor components with the addition of devices such as automatic braking systems, accident avoidance systems and entertainment systems. Next generation vehicles will have 3D displays, virtual reality and sensory feedback, among others, pushing up the demand for semiconductors. The automotive memory market is expected to generate $900m market value by 2013 and approximately $1100m by 2015. With the continuing expansion of mobile phone market in developing countries, coupled with the possible emergence of new mobile phone architecture that could handle different radio protocols, the demand for semiconductors will continue to be high in the future. Besides, commoditization is expected to lead to application standard products over custom chips, which may result in lower end user prices.

Growth in Telecommunications Services

Atmel being a provider of electronic components and network solutions to telecommunications market, could augment its operational revenue with rapid growth in the global telecommunications services market. According to Telecommunications Industry Association (TIA), steady growth is projected in the US and global telecom market in the future. This growth could generate an estimated $4.9 trillion in revenue by the end of 2013. The global telecom market is expected to grow at a compound annual growth rate (CAGR) of 6.3% between 2009 and 2013, while the US telecom market is expected to grow at 3.7% CAGR during the same period. Also, China would lead the ranking of TIA’s top ten countries in telecommunications-based revenue, with $335 billion revenue in 2011, followed by Japan with $200 billion, Germany with $192 billion, the UK with $172 billion, Italy with $122 billion, France with $113 billion, India with $107 billion, Mexico with $80 billion, and Spain with $77 billion.

Strategic Acquisitions and Collaborations

Strategic acquisition and collaborations of Atmel exposes it to more opportunities of growth in terms of operations thereby improving its financial position in the market. In December 2012, the company entered into definitive agreement to acquire Ozmo, Inc. The acquisition will help the company to expand its wireless offerings and further enhance developers ability to design smart, connected devices, including devices targeted to "The Internet of Things." In September 2011, the company signed a definitive agreement to acquire Advanced Digital Design, S.A. (ADD Semiconductor), , which is a privately held company based in Zaragoza, Spain engaged in developing power line communication solutions. The acquisition is expected to benefit in terms of complementing weel with the company's smart energy product portfolio for continued success in the growing energy management,smart meter home and building automation markets. In September 2011, the company underwent a collaboration agreement Arduino on several development boards using Atmel AVR and ARM-based microcontroller (MCU) products. This would allow the company to demonstrate several platforms including Arduino Leonardo, Arduino Due and Arduino WiFi among others. Similarly, in February 2011, the company collaborated with NVIDIA to bring high-performance, multi-touch, large-format touchscreen solutions to market. These collaborations would be beneficial in making performance and accuracy improvements to the solution for tablet PC applications.

Threats

Rapid Technological Changes

The offerings of Atmel are characterized by rapid technological changes, which may affect its business operations. To compete effectively with its peers, the company should continually introduce new products that exceed the customers’ requirements. The introduction of products using new technologies or the adoption of new industry standards can make existing products, or products under development, obsolete or unmarketable. Inability to study the evolving technological landscape may impact the company’s competitive position.

Cyclic Nature of Semiconductor Industry

The cyclic nature of the semiconductor industry affects the operations of Atmel. The semiconductor industry is characterized by wide fluctuations in product supply and demand. The industry also experiences significant downturn in connection with, or in anticipation of, maturing product cycles and declines in general economic conditions. With such uncertainty, the sales for the fiscal 2012 could increase or decrease accordingly. Specifically, the operating results of Atmel have been adversely affected in the past by these industry-wide fluctuations in the demand for semiconductors, which resulted in under-utilization of their manufacturing capacity and declining gross margins. Thus Atmel has to device strategies to overcome the ill affects of the short term period-to-period fluctuations in operating results due to general industry.

Intense Competition

Atmel operates in highly competitive markets, which increases the pressure and limits its ability to maintain or increase its rates. The company operates in an industry that is highly competitive in nature and is characterized by rapid technological change, product obsolescence and price decline. The company competes with a number of large semiconductor manufacturers, some of which have substantially greater financial, technical, marketing and management resources than Atmel. The company competes with large semiconductor manufacturers including Cypress, NXP Semiconductors, Freescale, Fujitsu, Infineon, Intel, Microchip, Hitachi, ON Semiconductor, Renesas, Samsung, Spansion, STMicroelectronics, Renesas, Synaptics and Texas Instruments. With the introduction of new products, the company competes directly with these companies. This competition would compel the company to compete in product pricing as well, resulting in decreased revenue. Additionally, any major activities of these companies or their entry or expansions into new markets could increase the pressure on Atmel, which could further impact its competitive ability.

 

Atmel Corp

Credit Report as of 04/01/2013

 

Location

1600 Technology Dr
San Jose, CA 95110-1382
United States

 

County:

Santa Clara

MSA:

San Jose, CA

 

Phone:

408-441-0311

Fax:

408-436-4314

URL:

http://atmel.com

 

 

 

ABI©:

830418406

 

Annual Sales:

$1,432,110,000 (USD)

Employees:

5,000

 

Facility Size(ft2):

40,000+

Facility Own/Lease:

Own

 

Business Type:

Public

Location Type:

Headquarter

 

Ticker:

ATML

Exchange:

NASDAQ

Primary Line of Business:

SIC:

3674-01 - Semiconductor Devices (Mfrs)

NAICS:

334413 - Semiconductors & Related Devices Mfg

Secondary Lines of Business:

SICs:

4813-02 - Telecommunications Services

 

8742-13 - Marketing Programs & Services

 

9999-66 - Federal Government Contractors

NAICS:

541613 - Marketing Consulting Svcs

 

517310 - Telecommunications Resellers

 

 

Table of Contents

 

 

 

 

 

 

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 Corporate Family

Corporate Structure News:

 

Atmel Corporation

Atmel Corporation
Total Corporate Family Members: 34

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Atmel Corporation

Parent

San Jose, CA

United States

Semiconductor and Other Electronic Component Manufacturing

1,432.1

5,000

Atmel Corp

Branch

Colorado Springs, CO

United States

Semiconductor and Other Electronic Component Manufacturing

981.6

2,000

Atmel Munich GmbH

Subsidiary

Garching B. München, Bayern

Germany

Electrical Equipment and Appliances Manufacturing

 

1,402

Atmel Germany GmbH

Subsidiary

Heilbronn, Baden-Württemberg

Germany

Semiconductor and Other Electronic Component Manufacturing

63.5

800

TSPIC Corporation

Subsidiary

Taguig

Philippines

Semiconductor and Other Electronic Component Manufacturing

 

300

Atmel Nantes SASU

Subsidiary

Nantes

France

Semiconductor and Other Electronic Component Manufacturing

31.4

228

Atmel Norway AS

Subsidiary

Tiller

Norway

Semiconductor and Other Electronic Component Manufacturing

43.1

200

Global Ariel Singapore Pte Ltd

Subsidiary

Singapore

Singapore

Investment Services

 

145

Atmel Technologies U.K. Ltd.

Subsidiary

Fareham

United Kingdom

Semiconductor and Other Electronic Component Manufacturing

20.4

108

Atmel Semiconductor Technology (Shanghai) Ltd.

Subsidiary

Shanghai

China

Semiconductor and Other Electronic Component Manufacturing

 

100

Atmel Malaysia Sdn. Bhd.

Subsidiary

Perai, Penang

Malaysia

Semiconductor and Other Electronic Component Manufacturing

 

35

Atmel Italia SRL

Subsidiary

Milan

Italy

Semiconductor and Other Electronic Component Manufacturing

4.1

21

Atmel Asia Limited

Subsidiary

Kwun Tong, Kowloon

Hong Kong

Semiconductor and Other Electronic Component Manufacturing

 

20

Atmel U.K., Ltd.

Subsidiary

East Kilbride

United Kingdom

Electronics Wholesale

3.1

18

Atmel Uk Ltd

UK Branch/Trading address

Bracknell

United Kingdom

Electronics Wholesale

3.1

25

Atmel

Subsidiary

Saint-Cloud, Cedex

France

Semiconductor and Other Electronic Component Manufacturing

4.1

14

Atmel Corp

Branch

Raleigh, NC

United States

Semiconductor and Other Electronic Component Manufacturing

5.9

10

Atmel Corp

Branch

Corona, CA

United States

Semiconductor and Other Electronic Component Manufacturing

5.0

10

Atmel Corp

Branch

Highlands Ranch, CO

United States

Semiconductor and Other Electronic Component Manufacturing

4.9

10

Atmel Corp

Branch

Burnsville, MN

United States

Semiconductor and Other Electronic Component Manufacturing

4.2

9

Atmel Singapore Pte. Ltd.

Subsidiary

Singapore

Singapore

Semiconductor and Other Electronic Component Manufacturing

 

8

Atmel Corp

Branch

Itasca, IL

United States

Semiconductor and Other Electronic Component Manufacturing

4.0

7

Atmel Corp

Branch

Needham, MA

United States

Electronics Wholesale

7.4

6

Atmel Corp

Branch

Addison, TX

United States

Semiconductor and Other Electronic Component Manufacturing

5.8

6

Atmel Corp

Branch

Westlake Village, CA

United States

Electronics Wholesale

4.1

3

Atmel Corp

Branch

El Dorado Hills, CA

United States

Electronics Wholesale

1.4

1

Atmel Oy

Subsidiary

Espoo

Finland

Photographic Services

3.6

 

Atmel U.K. Holdings Ltd.

Subsidiary

London

United Kingdom

Residential Real Estate Leasing

 

 

Atmel North Tyneside Ltd.

Subsidiary

London

United Kingdom

Residential Real Estate Leasing

 

 

Qrg Ebt Nominees Ltd.

Subsidiary

London

United Kingdom

Miscellaneous Professional Services

 

 

Atmel B.V.

Subsidiary

Amsterdam, North Holland

Netherlands

Banking

 

 

Atmel Rousset SAS

Subsidiary

Rousset

France

Semiconductor and Other Electronic Component Manufacturing

72.8

400

ACP Test Company, Inc.

Subsidiary

Calamba, Laguna

Philippines

Semiconductor and Other Electronic Component Manufacturing

 

 

Atmel Japan G.K.

Subsidiary

Tokyo

Japan

Semiconductor and Other Electronic Component Manufacturing

 

 

 

 

Atmel Corporation

 

Competitors Report

 

CompanyName

Location

Employees

Ownership

Cypress Semiconductor Corporation

San Jose, California, United States

3,600

Public

Freescale Semiconductor Ltd

Austin, Texas, United States

16,500

Public

FUJITSU LIMITED

Minato-Ku, Japan

168,733

Public

Hitachi, Ltd.

Chiyoda-Ku, Japan

326,240

Public

Infineon Technologies AG

Neubiberg, Germany

26,210

Public

Intel Corporation

Santa Clara, California, United States

106,000

Public

Microchip Technology Inc.

Chandler, Arizona, United States

8,003

Public

Microchips, Inc.

Bedford, Massachusetts, United States

 

Private

NXP Semiconductors NV

Eindhoven, Netherlands

25,921

Public

ON Semiconductor Corp

Phoenix, Arizona, United States

20,000

Public

Renesas Electronics Corporation

Chiyoda-Ku, Japan

33,840

Public

Samsung Electronics Co., Ltd.

Suwon, Korea, Republic of

93,322

Public

Spansion Inc.

Sunnyvale, California, United States

2,838

Public

STMicroelectronics N.V.

Geneve, Switzerland

48,000

Public

Synaptics, Incorporated

Santa Clara, California, United States

852

Public

Texas Instruments Incorporated

Dallas, Texas, United States

34,151

Public

 

 

 

 

Atmel Corporation

San Jose, California, United States, Tel: 408-441-0311, URL: http://www.atmel.com, Executives Page

Executives Report

 

Board of Directors

 

Name

Title

Function

 

David M. Sugishita

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Non-Executive Independent Chairman of the Board

Chairman

 

Biography:

Mr. David M. Sugishita is Non-executive Independent Chairman of the Board of Atmel Corporation. He has served as the Non-executive Chairman of the Board since August 2006 and as a director of Atmel since February 2004. In addition, Mr. Sugishita is Chairman of the Audit Committee. Mr. Sugishita also serves as a director and Chairman of the Audit Committee for Immersion Corporation. Mr. Sugishita previously served on the board of directors of Micro Component Technology, Inc. from 1994 to 2009, Magma Design Automation from 2010 to 2011 and Ditech Networks, Inc. from 2003 to 2012. Mr. Sugishita is retired and previously held various senior management positions with SonicBlue (EVP/CFO), RightWorks (EVP/CFO), Synopsys (SVP/CFO), Actel (SVP/CFO), Micro Component Technology (SVP/CFO), Applied Materials (VP/Corporate Controller), National Semiconductor (VP/Finance), Fairchild Camera & Instrument (Controller) and Intersil (Controller) during the past 40 years. Mr. Sugishita holds a B.S. in Finance from San Jose State University and a M.B.A from Santa Clara University.

 

Age: 65

 

Education:

Santa Clara University, MBA
San José State University, BS (Business Administration)

 

Charles P. Carinalli

 

Independent Director

Director/Board Member

Reuters 

 

Biography:

Mr. Charles P. Carinalli is an Independent Director of Atmel Corporation since February 19, 2008. He has been a Principal of Carinalli Ventures since January 2002. From July 1999 to May 2002, Mr. Carinalli was Chief Executive Officer and a director of Adaptive Silicon, Inc., a developer of semiconductors. From December 1996 to July 1999, Mr. Carinalli served as President, Chief Executive Officer and a director of Wavespan Corporation, a developer of wireless broadband access systems that was acquired by Proxim, Inc. From 1970 to 1996, Mr. Carinalli served in various positions for National Semiconductor Corporation, a publicly traded company developing analog-based semiconductor products, most recently as Senior Vice President and Chief Technical Officer. Mr. Carinalli currently serves on the board of directors of Extreme Networks, Inc. and Fairchild Semiconductor International, Inc. Mr. Carinalli also serves as a director of privately held companies. Mr. Carinalli holds an M.S.E.E. from Santa Clara University and a B.S.E.E. from the University of California, Berkeley.

 

Age: 64

 

Education:

Santa Clara University, MS (Electrical Engineering)
University of California, Berkeley, BS (Electrical Engineering)

 

Papken S. Der Torossian

 

Independent Director

Director/Board Member

Reuters 

 

Biography:

Mr. Papken Der Torossian is an Independent Director of Atmel Corporation since July 25, 2007. He has been the Managing Director of Crest Enterprise LLC since September 1997 and has also served as the Chairman of Vistec Semiconductor Systems, Inc. since September 2005. He served as Chairman of the Board of Therma Wave, Inc. from March 2003 until May 2007, when the company was sold to KLA-Tencor Corporation. From 1984 to May 2001, Mr. Der Torossian was Chairman of the Board and Chief Executive Officer of Silicon Valley Group (SVGI), which was acquired by ASML Holding N.V. Earlier, he was credited for turning around several companies and operations, including as President of ECS Microsystems (which was subsequently sold to Ampex Corporation) and President of the Santa Cruz Division of Plantronics, Inc. Prior to that, Mr. Der Torossian spent four years at Spectra-Physics and twelve years with Hewlett-Packard Company in a number of management positions. Mr. Der Torossian currently serves as a director and Chairman of the Compensation Committee of ParkerVision, Inc. Mr. Der Torossian was formerly on the board of directors of the Silicon Valley Leadership Group (SVLG) and on the board of the Semiconductor Industry Supplier Association (SISA). He was also Chairman of the Semiconductor Equipment and Materials International Environmental, Health & Safety Committee (SEMI EHS), and has served as Chairman of Semi/Sematech. He also serves as a director for several privately held companies. Mr. Der Torossian served on President Clinton's Advisory Committee on Export Controls and represented the United States in bilateral trade negotiations. Mr. Der Torossian holds a B.S.M.E. degree from MIT and an M.S.M.E. degree from Stanford University.

 

Age: 73

 

Edward C. Ross

 

Independent Director

Director/Board Member

Reuters 

 

Biography:

Dr. Edward C. Ross is an Independent Director of Atmel Corporation since April 9, 2008. In addition, Dr. Ross is Chairman of the Corporate Governance and Nominating Committee. He is currently retired, having previously served as President (2000 through December 2004) and President Emeritus (January 2005 through December 2005) of TSMC North America, the U.S. subsidiary of Taiwan Semiconductor Manufacturing Company Limited, a Taiwanese semiconductor manufacturer. Previously, he was Senior Vice President of Synopsys, Inc., an electronic design automation supplier, from 1998 to 2000, and President of Technology and Manufacturing at Cirrus Logic, Inc., a semiconductor manufacturer, from 1995 to 1998. Dr. Ross currently serves on the board of directors of Volterra Semiconductor Corporation. Dr. Ross previously served on the board of directors of RAE Systems Inc. from 2001 to 2006 and California Micro Devices Corporation (most recently as non-executive chairman of the board) from 2002 until its acquisition by ON Semiconductor Corporation in January 2010. Dr. Ross holds a B.S.E.E. from Drexel University and an M.S.E.E., M.A. and Ph.D. from Princeton University.

 

Age: 71

 

Education:

Princeton University, PHD
Princeton University, MS (Electrical Engineering)
Princeton University, MA

 

 

Jack L. Saltich

 

Independent Director

Director/Board Member

Reuters 

 

Biography:

Mr. Jack L. Saltich is an Independent Director of Atmel Corporation since July 25, 2007. In addition, Mr. Saltich is Chairman of the Compensation Committee. From January 2006 to April 2011, he served as the Chairman and interim Chief Executive Officer of Vitex Systems, Inc. From July 1999 to August 2005, Mr. Saltich served as the President, Chief Executive Officer and a Director of Three-Five Systems, Inc., a manufacturer of display systems and provider of electronic manufacturing services. Three-Five Systems, Inc. filed a voluntary petition for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code on September 8, 2005. From 1993 to 1999, Mr. Saltich served as Vice President of Advanced Micro Devices, Inc., where his last position was General Manager of AMD's European Microelectronics Center in Dresden, Germany. From 1991 to 1993, Mr. Saltich served as Executive Vice President for Applied Micro Circuits Company, a company servicing the high speed telecommunications market. From 1988 to 1991, he was Vice President at VLSI Technology, a semiconductor company. From 1971 to 1988, Mr. Saltich served in a number of capacities with Motorola, Inc. Mr. Saltich currently serves as a member of the board of directors of Immersion Corporation. Mr. Saltich also serves on the board of directors of PlasmaSi, a private company, and on the Manufacturing Advisory Board for Cypress Semiconductor Corporation. Mr. Saltich previously served on the board of directors of InPlay Technologies, Inc. from 2007 to 2008, Ramtron International Corporation from 2005 to 2011, Vitex Systems, Inc. from 2006 to 2011 and Leadis Technology, Inc. from 2006 to 2012. Mr. Saltich received both B.S. and masters degrees in electrical engineering from the University of Illinois. In 2002, he received a distinguished alumni award from the University of Illinois.

 

Age: 69

 

Education:

Arizona State University, PHD (Electrical Engineering)
University of Illinois, MS (Electrical Engineering)
University of Illinois, BS (Electrical Engineering)

 

 

 

Executives

 

Name

Title

Function

 

Reza Kazerounian

 

Senior Vice President, General Manager - Microcontroller Business Unit

Division Head Executive

 

Biography:

Dr. Reza Kazerounian, Ph.D., has been appointed as Senior Vice President and General Manager - Microcontroller Business Unit of Atmel Corporation, effective March 2013. Prior to his appointment by the company, Dr. Kazerounian worked for Freescale from 2009 to 2012, where he most recently served as Senior Vice President and General Manager of the Automotive, Industrial, Multi-Market Solutions Group (AISG) with annual revenue exceeding two billion dollars. This business consisted of microcontrollers, MEM’s sensors, and analog products. Prior to Freescale, Reza was at STMicroelectronics from 2000 to March 2009, where he served as President and CEO of STMicroelectronics, Inc. Americas and previously as Group Vice President and General Manager of the Smart Card and Programmable Systems Memory Divisions. Prior to joining STMicroelectronics, he was Chief Operating Officer with WaferScale Integration, Inc., which provides Programmable System Devices, where he was responsible for all operations, engineering and product development. WaferScale was acquired by STMicroelectronics in September 2000. Dr. Kazerounian holds a B.S. degree from the University of Illinois, Chicago in 1980, and a Ph.D. degree from the University of California, Berkeley in 1985, all in electrical engineering and computer sciences.

 

Education:

University of California, Berkeley, PHD (Electrical Engineering and Computer Science)
University of Illinois, BS (Electrical Engineering and Computer Science)

 

Jalil Shaikh

 

General Manager

Division Head Executive

GMD 

 

Biography:

Jalil Shaikh has served as Vice President and General Manager at Atmel since February 2010. Prior to joining Atmel Mr. Shaikh was the CEO and Board Member of Ranch Energy Systems (RES) a privately-held alternative energy company where he was responsible for the company strategy sales and marketing and establishing the supply chain and sales channels in developing countries. Mr. Shaikh was also the Chief Operating Officer at privately-held semiconductor startup Synerchip. Prior to Synerchip Mr. Shaikh was the CEO and Board Member at Validity Sensors where he successfully raised multiple rounds of funding and established strategies to commercialize Finger Print Reader technology. At Validity Sensors Mr. Shaikh was actively involved in all aspects of Engineering Marketing Sales and Operations. He has also held positions as Vice President (VP) and General Manager at Broadcom Corporation CEO at Zeevo (acquired by Broadcom) Sr. VP of Operations at Silicon Image and management positions at Micro Linear which both had very successful IPOs. Prior to Silicon Image Mr. Shaikh was Director of Operations at Trident Microsystems which enjoyed significant growth in share holder value and revenue during his tenure. Mr. Shaikh began his career at National Semiconductor where he held management positions in Operations and Product Marketing from 1983 to 1990. Mr. Shaikh holds an MS in Electrical Engineering from Rutgers University New Jersey and an MBA from the University of Phoenix.

 

Robert Valiton

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Senior Vice President - RF and Automotive and Nonvolatile Memory Segments, General Manager

Division Head Executive

Reuters 

 

Biography:

Mr. Robert Valiton is Senior Vice President - RF and Automotive and Nonvolatile Memory Segments, General Manager of Atmel Corporation since March 24, 2011. Prior to that, Mr. Valiton served as Vice President of Sales for Americas, EMEA and Global Sales Operations from December 2008 to March 2011 and as Vice President of Americas Sales and Global Sales Operations from April 2007 to December 2008. Prior to joining Atmel, Mr. Valiton spent 15 years with other semiconductor manufacturing companies in a variety of sales management positions. Mr. Valiton holds a degree from the University of Massachusetts at Lowell (B.S).

 

Age: 49

 

Education:

University of Massachusetts Lowell, BS

 

Compensation/Salary:$358,923

Compensation Currency: USD

 

 

Vegard Wollan

View Email

General Manager Touch Business Unit

Division Head Executive

 

 

Biography:

Vegard Wollan has served as Managing Director of the Microcontroller and Touch Business Unit since October 2007. Previously he served as the Managing Director of Atmels AVR Product Line and business since 1995. Mr. Wollan is one of the three inventors of the AVR microcontroller architecture and is a patent holder of several related patents. Mr. Wollan has worked in the semiconductor industry since 1991 in design engineering marketing and as a board member and chairman. Mr. Wollan holds a Master of Science degree from the Norwegian University of Science and Technology in Computer Science and Electrical Engineering Trondheim.

 

Khoury Bassam

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Memory Business Unit, Vice President

Senior Management (General)

 

 

 

Jamie Samath

 

Principal Accounting Officer

Senior Management (General)

 

 

Steve Schumann

View Email

Vice President

Senior Management (General)

 

 

Education:

University of California , Berkeley, BS (Electrical Engineering And Computer Science)

 

Joerg Strughold

 

Sales, Vice President

Senior Management (General)

 

 

Michel Thouvenin

 

Sales, International, Vice President

Senior Management (General)

 

 

Michael De Caro

 

Manager Web Operations

Operations Executive

 

 

Ross Lelani

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Supervisor of Operations and Information Technology Helpdesk

Operations Executive

 

 

 

Shahin Sharifzadeh

View Email

Senior Vice President Worldwide Operations

Operations Executive

 

 

Elsie Mar

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Sales Manager

Administration Executive

 

 

Mark Saragien

 

Site Security Supervisor

Security

 

 

Scott M. Wornow

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Senior Vice President, Chief Legal Officer and Corporate Secretary

Company Secretary

 

 

Biography:

Mr. Scott M. Wornow is Senior Vice President, Chief Legal Officer and Corporate Secretary of Atmel Corporation since November 2010. Prior to joining Atmel, Mr. Wornow served as a Partner at Baker Botts, LLP from March 2009 to November 2010, and as a Partner at Goodwin Procter LLP from January 2008 to February 2009. Prior to Goodwin Procter, Mr. Wornow was the Executive Vice President, Legal and Business Affairs at OpenTV Corp from 2003 to 2007. Mr. Wornow holds degrees from the University of Virginia (B.A.), Cambridge University (B.A. and M.A.) and Harvard Law School (J.D.).

 

Age: 50

 

Education:

Harvard School of Law, JD
Cambridge University, MA
University of Virginia, BA

 

Compensation/Salary:$378,077

Compensation Currency: USD

 

 

Franklin Chow

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Financial Systems Manager-Hyperion

Finance Executive

 

 

Steve Skaggs

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Senior Vice President and Chief Financial Officer

Finance Executive

 

 

Biography:

Mr. Steve Skaggs has been appointed as Chief Financial Officer, Senior Vice President, Principal Accounting Officer of Atmel Corporation effective May 21, 2013. He was appointed as Interim Chief Financial Officer of the Company effective April 2, 2013. Mr. Skaggs joined the Company in September 2010 and has more than 20 years of experience in the semiconductor industry. From 2008 to September 2010, Mr. Skaggs was employed as an independent management consultant, providing strategic advisory and consulting services to clients, including the Company. From 2005 to 2008, Mr. Skaggs served as Chief Executive Officer of Lattice Semiconductor, a supplier of programmable logic devices and related software, and also served as President of Lattice from 2003 to 2005 and as Chief Financial Officer of Lattice from 1996 to 2003. Prior to Lattice, Mr. Skaggs was employed by Bain & Company, a global management consulting firm, where he specialized in high technology product strategy, mergers and acquisitions and corporate restructurings. Mr. Skaggs holds an MBA degree from the Harvard Business School and a BS degree in Chemical Engineering from the University of California, Berkeley.

 

Age: 50

 

Education:

Harvard Business School, MBA
University of California, Berkeley, BS (Chemical Engineering)

 

Diep Ly

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Revenue Accounting Manager

Accounting Executive

 

 

David M. Sugishita

View Email

Non-Executive Independent Chairman of the Board

Accounting Executive

 

 

Biography:

Mr. David M. Sugishita is Non-executive Independent Chairman of the Board of Atmel Corporation. He has served as the Non-executive Chairman of the Board since August 2006 and as a director of Atmel since February 2004. In addition, Mr. Sugishita is Chairman of the Audit Committee. Mr. Sugishita also serves as a director and Chairman of the Audit Committee for Immersion Corporation. Mr. Sugishita previously served on the board of directors of Micro Component Technology, Inc. from 1994 to 2009, Magma Design Automation from 2010 to 2011 and Ditech Networks, Inc. from 2003 to 2012. Mr. Sugishita is retired and previously held various senior management positions with SonicBlue (EVP/CFO), RightWorks (EVP/CFO), Synopsys (SVP/CFO), Actel (SVP/CFO), Micro Component Technology (SVP/CFO), Applied Materials (VP/Corporate Controller), National Semiconductor (VP/Finance), Fairchild Camera & Instrument (Controller) and Intersil (Controller) during the past 40 years. Mr. Sugishita holds a B.S. in Finance from San Jose State University and a M.B.A from Santa Clara University.

 

Age: 65

 

Education:

Santa Clara University, MBA
San José State University, BS (Business Administration)

 

Hugo De La Torre

 

Principal Accounting Officer

Accounting Executive

 

 

Biography:

Mr. Hugo De La Torre has been appointed as Chief Accounting Officer, Vice President of Atmel Corporation, effective August 23, 2013. Mr. De La Torre served as Vice President of Finance and Corporate Controller of Cypress Semiconductor Corporation from August 2008 to August 2013. From May 2006 until August 2008, Mr. De La Torre served as Senior Director and Corporate Controller of Cypress Semiconductor. Prior to joining Cypress Semiconductor in 2006, Mr. De La Torre served as Senior Manager, External Reporting at Sun Microsystems, Inc. Prior to joining Sun Microsystems in 2003, Mr. De La Torre worked as a Certified Public Accountant at PricewaterhouseCoopers and, before that, at Arthur Andersen. Mr. De La Torre earned a B.S. degree in business administration from the California State University at Los Angeles. Mr. De La Torre is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants and the California State Society of Certified Public Accountants.

 

Age: 52

 

Education:

California State University, Los Angeles, BS (Business Administration)

 

Eric Chang

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Controller

Controller

 

 

 

Iain Davidson

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Controller

Controller

 

 

 

Bonnie Perlhefter

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Health Benefits

Benefits & Compensation Executive

 

 

Geriann Shaw

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Human Resources Benefits Manager

Benefits & Compensation Executive

 

 

Kevin Fung

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Senior Manager, Global Hris

Human Resources Executive

 

 

Jing Liao

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Vice President Global Human Resources

Human Resources Executive

 

 

Biography:

Jing Liao was appointed Vice President Global Human Resources in December 2009. Prior to this position she led the Global Total Rewards function at Atmel. Prior to joining Atmel Ms. Liao served as Vice President of Global Human Resources for Avanex Corporation where she was responsible for architecting and establishing an HR department tasked to support the restructuring and growth plan of the company. Previously Ms. Liao held HR leadership positions at Hyperion JDS Uniphase and Adaptec. Ms. Liao received an M.A. degree in Human Resources and Industrial Relations from the University of Minnesota Carlson School of Business and a B.S. Degree in Chemistry from Peking University China.

 

Education:

Peking University, bachelor's (Chemistry)
University of Minnesota's Carlson School of Business, master's (Human Resources/Industrial Relations)
Avanex, Ms Liao

 

 

Germana Martinez

View Email

Talent Acquisition Coordinator

Human Resources Executive

 

Patricia Netterfield

View Email

Senior Human Resources Bp

Human Resources Executive

 

Gonie Ryden

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Senior Human Resources Analyst and Staffing Support

Human Resources Executive

 

Debbie Andreassen

View Email

Manager of Customer Relations

Customer Service Executive

 

Ada Liaw-Martinez

View Email

Manager

Customer Service Executive

 

Ray Barth

View Email

Manager Sales

Sales Executive

 

Garry Deetjen

View Email

Regional Sales Manager

Sales Executive

 

Wade Guinn

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Regional Sales Manager

Sales Executive

 

Peter Jeutter

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Senior Director of Distribution Sales, Emea

Sales Executive

 

Terry Kreifels

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Distributions Sales Manager

Sales Executive

 

Guido Kuhrmann

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Head of Sales Bu Industry & Logistics

Sales Executive

 

Randy Mummert

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Sales and Marketing Manager

Sales Executive

 

Lily Nia

View Email

Sales and Marketing Manager

Sales Executive

 

Nicolas Schieli

 

Sales and Marketing Manager

Sales Executive

 

Yang Chiah Yee

 

Vice President Sales

Sales Executive

 

Biography:

Yang Chiah Yee was appointed Vice President of Sales Asia Pacific in March 2008. Mr. Yee brings over 18 years of semiconductor industry sales experience most recently from Xilinx Inc. where he held the position of VP of Sales Asia Pacific. Previously he was President of Asia Pacific for Memec. Mr. Yee received his Bachelors degree in Engineering from the National University of Singapore and is a graduate of the Stanford-NUS Executive program.

 

Richard Lin

 

Vice President of Sales for Asia Pacific and Japan

International Sales Executive

 

 

Tom Blair

View Email

Director of Global Fab Planning

International Executive

 

 

Rama Gade

View Email

Manager, Worldwide Sap Basis

International Executive

 

 

Tom Roff

 

Vice President Worldwide Manufacturing

International Executive

 

 

Biography:

Tom Roff joined Atmel in September 1994 and has served as the Vice President of Worldwide Manufacturing since June 2004. Prior to his current position Mr. Roff was the Director of Wafer Fab Operations based in Colorado Springs Colorado. Mr. Roff is a 25 year veteran of the semiconductor industry and has also held various management positions within operations at companies such as; Hitachi Semiconductor National Semiconductor The Silicon Valley Group (SVG) and Intel Corporation. Mr. Roff holds a B.S. degree in operations management from Eastern Illinois University.

 

Education:

Eastern Illinois University, BS (Operations Management)

 

 

David Arnold

View Email

Marketing Manager

Marketing Executive

 

 

 

Sander Arts

 

Vice President Corporate Marketing

Marketing Executive

 

 

Alf-Egil Bogen

 

Chief Marketing Officer

Marketing Executive

 

 

Biography:

Mr. Bogen is the chief marketing officer and the vice president of corporate marketing of the company. He has been working in the semiconductor industry since 1991 and has been doing design engineering, marketing. He also served as a board member and chairman of other companies.

 

Education:

Norwegian University of Science and Technology, MS
Trondheim University College, BS

 

 

Bertrand Casnabet

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Tactical Marketing Memory Europe

Marketing Executive

 

 

Tushar Dhayagude

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Marketing Director of Smart Power Products

Marketing Executive

 

 

Jeff Erhart

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Director of Channel Marketing and University Programs

Marketing Executive

 

 

Helen Francis

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Senior Marketing Manager

Marketing Executive

 

 

Frode Huru

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Director of Corporate Marketing

Marketing Executive

 

 

Philip Johnson

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Marketing

Marketing Executive

 

 

Jon Kiachian

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Senior Marketing Director

Marketing Executive

 

 

Alexander Kurz

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Marketing Manager

Marketing Executive

 

 

 

Brian Langedyk

View Email

Manager, Marketing

Marketing Executive

 

 

 

David Lee

View Email

Marketing Manager

Marketing Executive

 

 

 

Nelly Leruyet

View Email

European Marketing Manager

Marketing Executive

 

 

Ada Liaw

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Corporate Marcom Manager

Marketing Executive

 

 

Hanley Patrick

View Email

Touch Marketing Manager

Marketing Executive

 

 

Ed Schlein

 

Marketing

Marketing Executive

 

 

Roland Schropp

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Senior Marketing Manager Rfid

Marketing Executive

 

 

Martin Squibbs

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Technical Marketing Manager, Micros

Marketing Executive

 

 

Al Weiner

View Email

Director, Design and Technology

Marketing Executive

 

 

Ron Wood

View Email

Senior Rf Design

Marketing Executive

 

 

Adrian Woolley

View Email

Director, Marketing

Marketing Executive

 

 

 

Natalia Hein

View Email

Marcom Manager Communications and Automotive Products

Corporate Communications Executive

 

 

Clive Over

 

Corporate Communications Executive

Corporate Communications Executive

 

 

Education:

Southampton University, European Business and Communications

 

Agnes Toan

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Public Relations Manager, Corporate Home

Public Relations Executive

 

 

 

Peter Schuman

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Director - Investor Relations

Investor Relations Executive

 

 

Peter Babalis

 

Information Systems

Information Executive

 

 

Gene Chen

 

Manager, Information Security and Governance

Information Executive

 

 

Tess Kim

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Director Bizz Systems

Information Executive

 

 

 

Nemanja Pantic

 

Information Technology Director

Information Executive

 

 

Bhargavi Penumaka

View Email

Senior Master Data Analyst - Sap Apo

Information Executive

 

 

Igor Polishchuk

View Email

Senior Manager, Touch Applications

Information Executive

 

 

Carolyn Russell

View Email

Information Technology

Information Executive

 

 

Erik Skinner

View Email

Information System Manager

Information Executive

 

 

Tom Wasilczyk

 

Chief Information Officer

Information Executive

 

 

Biography:

Tom Wasilczyk joined Atmel in November 2006. Mr. Wasilczyk previously served at Sun Microsystems Inc. where he was Vice President of Information Technology Operations. Mr. Wasilczyk was responsible for worldwide IT operations including data center network voice and desktop systems. Prior to Sun Mr. Wasilczyk held managerial positions within the IT organization at Tandem Computers and was formerly a management and systems consultant. Mr. Wasilczyk holds an M.S. degree in industrial engineering from Stanford University.

 

Education:

Stanford University, MS (Industrial Engineering)

 

 

David Wong

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Manager Engineering Systems

Information Executive

 

 

 

Joseph Yi

View Email

Senior Information Technology Manager

Information Executive

 

 

Wendy Zhong

View Email

Project Manager

Information Executive

 

 

 

Tom Vu

View Email

Senior Manager Web Analytics

Network Management Executive

 

 

Siska Andy

View Email

Touch App Engineer

Engineering/Technical Executive

 

 

Eustace Asanghanwa

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Applications Engineering Manager

Engineering/Technical Executive

 

 

Tomas Chau

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Product and Test Engineer

Engineering/Technical Executive

 

 

 

Peter Cheng

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Director of Engineering

Engineering/Technical Executive

 

 

Manton Cheung

View Email

Product Engineering Manager

Engineering/Technical Executive

 

 

 

Scott Dixon

View Email

Design Engineer

Engineering/Technical Executive

 

 

George Douthit

View Email

Facilities Tech

Engineering/Technical Executive

 

 

David Dumas

View Email

Senior Verification Engineer

Engineering/Technical Executive

 

 

Israel Echevarria

View Email

Staff Test Engineer Mxsl Logic

Engineering/Technical Executive

 

 

John Edson

View Email

Cad Engineer

Engineering/Technical Executive

 

 

 

Mikhail Friedland

 

Developer

Engineering/Technical Executive

 

 

Anay Gan

View Email

Design Engineer

Engineering/Technical Executive

 

 

Patrice Graziotin

View Email

Manager, System Solutions & Technical Support Groups

Engineering/Technical Executive

 

 

Christophe Guerif

View Email

Ulc and Asic Product Engineer Atmel Nantes

Engineering/Technical Executive

 

 

Brian Hammill

View Email

Field Application Engineer

Engineering/Technical Executive

 

 

 

Binh Hoang

View Email

Product Engineer Section Manager

Engineering/Technical Executive

 

 

 

B Kosar

View Email

Product, Test Engineering Manager

Engineering/Technical Executive

 

 

 

Mark Kouri

View Email

Design Engineer

Engineering/Technical Executive

 

 

 

Andy Kovats

View Email

Assembly Engineering Manager

Engineering/Technical Executive

 

 

Carl Lai

View Email

Senior Design Engineer

Engineering/Technical Executive

 

 

John Landreman

View Email

Design Engineer

Engineering/Technical Executive

 

 

 

Hao-Chou Lin

View Email

Reliability Engineer

Engineering/Technical Executive

 

 

 

Michael Long

View Email

Design Engineer

Engineering/Technical Executive

 

 

Carlos Marciales

View Email

Field Applications Engineer

Engineering/Technical Executive

 

 

 

Rodney Mccray

View Email

Field Application Engineer

Engineering/Technical Executive

 

 

 

Randy Melton

View Email

Application Engineer

Engineering/Technical Executive

 

 

Tsung Mok

View Email

Manager H, W Engineering

Engineering/Technical Executive

 

 

 

Vivian Nguyen

View Email

Sofware Engineer

Engineering/Technical Executive

 

 

 

Tami Oswald

View Email

Equipment Engineer Section Manager

Engineering/Technical Executive

 

 

 

Anushtup Panda

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Sap Developer

Engineering/Technical Executive

 

 

Sriram Parasuraman

View Email

Technical Support Team

Engineering/Technical Executive

 

 

Vikram Patel

View Email

Manager Sap

Engineering/Technical Executive

 

 

 

Thierry Pedron

 

Phd, Technology Development Manager

Engineering/Technical Executive

 

 

Daniel Pierce

View Email

Field Applications Engineer

Engineering/Technical Executive

 

 

Raghavendra Rao

 

Field Applications Engineer

Engineering/Technical Executive

 

 

 

Barry Raoofi

 

Engineer Manager

Engineering/Technical Executive

 

 

 

Marc Rougee

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Director of Engineering

Engineering/Technical Executive

 

 

Darius Rydahl

View Email

Application Engineer

Engineering/Technical Executive

 

 

 

Dewi Santoso

View Email

Design Engineer

Engineering/Technical Executive

 

 

 

Iqbal Sharif

View Email

Senior Director Touch Engineering

Engineering/Technical Executive

 

 

Randy Vance

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Pc Manager

Engineering/Technical Executive

 

 

Ying Yang

View Email

Design Engineer

Engineering/Technical Executive

 

 

Ken Ye

View Email

Design Engineer

Engineering/Technical Executive

 

 

James Yount

View Email

Process Integration Engineer

Engineering/Technical Executive

 

 

 

Jean-Christophe Zettel

 

Applications Director

Engineering/Technical Executive

 

 

Kristian Saether

View Email

Avr Product Marketing Manager

Product Management Executive

 

 

Todd Slack

View Email

Trusted Platform Module Tpm Product Line Manager

Product Management Executive

 

 

 

Oyvind Strom

View Email

Product Marketing Director For Avr Products

Product Management Executive

 

 

Mike Thurlby

View Email

Manager Product Marketing

Product Management Executive

 

 

 

Nicole Bartow

View Email

Senior Litigation Counsel

Legal Executive

 

 

 

Sheri Frank

View Email

Senior Corporate Counsel

Legal Executive

 

 

 

Steve Ruskin

View Email

Director of Corporate Legal Affairs

Legal Executive

 

 

Mark Sheft

View Email

Director of Litigation

Legal Executive

 

 

Tom Brown

View Email

Manufacturing Section Manager

Manufacturing Executive

 

 

Zahra Khorasanee

View Email

Logistics Agreement Manager

Logistics Executive

 

 

 

Linda Lorimor

View Email

Director Inventory Management

Merchandise Management Executive

 

 

 

Ralph Stark

 

Facilities Manager

Facilities Executive

 

 

Janie Bequette

 

Purchasing Agent

Purchasing Executive

 

 

Bob Stepp

View Email

Director of Procurement

Purchasing Executive

 

 

Carol Flynn

View Email

Quality Manager

Quality Executive

 

 

Ray Streicher

View Email

Quality System

Quality Executive

 

 

Kathy White

View Email

Quality Manager

Quality Executive

 

 

Donna Castillo

View Email

Events Planner

Meeting/Travel Planner

 

 

Jean Chen

View Email

Director Fp and A

Other

 

 

 

Paramjyot Chugh

 

Intellectual Property Associate

Other

 

 

Steve Conrad

View Email

Senior Sap Masterdata Analyst

Other

 

 

Terje Frostad

View Email

Atmel Norway

Other

 

 

Peter Jones

 

Vice President Microcontroller and Touch Business Unit

Other

 

 

Biography:

Peter Jones has served as Atmels General Manager of the Microcontroller and Touch Business Unit since October 2007 responsible for driving strategy and growth of the Microcontroller and Touch product lines. Previously he served as the Managing Director of tactical marketing for Atmels microcontroller business unit. Mr Jones joined Atmel in the United Kingdom in 1994 where he held various leadership positions in sales and marketing. Prior to joining Atmel Mr Jones worked for 10 years in other semiconductor companies in applications and sales management positions including Fujitsu. Prior to entering the semiconductor industry Mr Jones was involved in conducting research in solid state physics. Mr Jones holds a BSc in Applied Physics from the John Moores University Liverpool United Kingdom.

 

Lars Kvenild

View Email

Atmel Norway

Other

 

 

Tim Mcgrady

View Email

Failure Analysis Manager

Other

 

 

 

Le Phan

View Email

Assistant Supervisor

Other

 

 

Larry Sun

 

Reliability Manager

Other

 

 

Regina Tran

View Email

Pricing Analyst

Other

 

 

Eric Weddington

View Email

Open Source Community Manager

Other

 

 

Todd Whitford

View Email

Manager Bd

Other

 

 

Tsung-Ching Wu

 

Executive Vice President - Office of the President, Director

Other

 

 

Biography:

Mr. Tsung-Ching Wu is Executive Vice President - Office of the President, Director of Atmel Corporation. He has served as a director of Atmel since 1985, as Executive Vice President, Office of the President since 2001, and served as Executive Vice President and General Manager from January 1996 to January 2001 and as Vice President, Technology from January 1986 to January 1996. Mr. Wu holds degrees in electrical engineering from the National Taiwan University (B.S.), the State University of New York at Stony Brook (M.S.) and the University of Pennsylvania (Ph.D.).

 

Age: 62

 

Education:

University of Pennsylvania, PHD (Electrical Engineering)
State University of New York at Stony Brook, MS (Electrical Engineering)
National Taiwan University, BS (Electrical Engineering)

 

Compensation/Salary:$509,200

Compensation Currency: USD

 

 

 

 

 

 

Atmel Corporation

 

 

 

Significant Developments

 

 

 

Atmel Corp Issues Q3 2013 Revenue Guidance In Line With Analysts' Estimates-Conference Call

Jul 31, 2013


Atmel Corp announced that for third quarter of 2013, it expects revenue to be in the range of $348-$365 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $364 million for third quarter of 2013.

Infineon Technologies AG Settles Patent Infringement Row With Atmel Corp-Reuters

Jun 14, 2013


Reuters reported that Infineon Technologies AG said it has settled a patent infringement claim against Atmel Corp, ending a legal dispute that has been ongoing for more than two years. As part of the settlement, Atmel will pay Infineon an undisclosed sum, Infineon sad in a statement. Infineon initiated proceedings against Atmel in April 2011, filing a complaint against the Company in the U.S. District Court for the District of Delaware. The patents in the suit and countersuit are related to microcontrollers.

Atmel Corp's maXTouch T Series Single-Chip Controllers Power Touchscreens for Multiple New ASUS Tablets and Ultrabooks

Jun 06, 2013


Atmel Corp announced that ASUS has selected Atmel's recently launched mXT2952T and mXT1664T controllers to power the touchscreens for multiple new tablets and Ultrabooks including the newly launched Zenbook Infinity.

Atmel Corp Confirms Appointment of Steve Skaggs as Permanent Chief Financial Officer

May 22, 2013


Atmel Corp announced that Steve Skaggs has been appointed as the Company's permanent Senior Vice President & Chief Financial Officer, effective immediately. Mr. Skaggs had been serving as interim Chief Financial Officer since April 2, 2013.

Atmel Corp Issues Q2 2013 Revenue Guidance In Line With Analysts' Estimates-Conference Call

May 01, 2013


Atmel Corp announced that for second quarter of 2013, it expects revenue to be in the range of $339-$355 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $349 million for second quarter of 2013.

Atmel Corp Raises Low end of Prior Q1 2013 Revenue Guidance To A Range In Line With Analysts' Estimates; Appoints Steve Skaggs As Interim Chief Financial Officer

Apr 02, 2013


Atmel Corp announced that it has raised the lower end of its previously announced guidance range for the first quarter of 2013 revenues to $318 million to $328 million from the prior range of $311 million to $328 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $321 million for the first quarter of 2013. The company also announced that Steve Skaggs , who currently serves as Atmel's Senior Vice President of Corporate Strategy & Development, has also been appointed interim Chief Financial Officer (CFO) of Atmel, effective immediately. This appointment follows Stephen Cumming 's decision to resign as Atmel's Vice President of Finance and Chief Financial Officer (CFO).

Kyocera Selects Atmel Corp To Power Touchscreens In Rise, Hydro And Digno S Smartphones

Apr 01, 2013


Atmel Corp announced that Kyocera has selected Atmel to provide touchscreen controllers for new Rise, Hydro and Digno S smartphones.

Integrated Device Technology Inc Divests Smart Meter Business to Atmel Corp

Mar 07, 2013


Integrated Device Technology Inc announced IDT has transferred the assets and design team of its smart metering IC product lines to Atmel Corp in an all-cash transaction. Terms of the deal were not disclosed.

Atmel Corp Issues Q1 2013 Revenue Guidance In Line With Analysts' Estimates-Conference Call

Feb 07, 2013


Atmel Corp announced that for first quarter of 2013, it expects revenue to be in the range of $311-$328 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $328 million for first quarter of 2013.

Atmel Corp and Wasion Group To Develop PRIME PLC Smart Meter Solutions

Jan 15, 2013


Atmel Corp and Wasion Group announced the two companies have signed a memorandum of understanding (MoU) to develop smart electricity meters and data concentrators utilizing integrated power line communication (PLC) solutions developed by Atmel. Atmel and Wasion Group will collaborate on product developments based on the Atmel ATPL210, ATPL220 and recently announced SAM4SP32A, a single-chip PRIME compliant system-on-chip solution based on an ARM Cortex-M4 processor-based microcontroller (MCU) core with 2MB of Flash memory, supported by Atmel Studio 6 integrated development platform (IDP).

ASUS Selects Atmel Corp's XSense Flexible Touch Sensor

Jan 07, 2013


Atmel Corp announced that mobile computing provider ASUS has selected the recently launched Atmel XSense touch sensor for a next-generation tablet scheduled to be released to the market in Q1 2013.

Atmel Corp Announces Agreement To Acquire Ozmo, Inc.

Dec 20, 2012


Atmel Corp announced that it has entered into a definitive agreement to acquire Ozmo, Inc. (Ozmo), a provider of ultra-low power Wi-Fi solutions that will expand Atmel's wireless offerings and further enhance developers ability to design smart, connected devices, including devices targeted to 'The Internet of Things'. Atmel expects the transaction to close by year. The financial terms of the acquisitions were not disclosed.

 

 

 

 

News

 

 

Active-Semi Devices power solution for Atmel eMPU SAMA5 and SAM9 Series ARM processors
EDN.com (240 Words)

06-Nov-2013

 

 

Form 10-Q ATMEL CORP For: Sep 30
BusinessWeek (154 Words)

05-Nov-2013

 

 

Active-Semi solution for Atmel eMPU SAMA5 and SAM9 Series
Evertiq (319 Words)

05-Nov-2013

 

 

Atmel Expands Lowest-Power Cortex-A5 Processor-based MPU Portfolio with New Device and Ecosystem Extensions
SOCCentral.com (384 Words)

05-Nov-2013

 

 

Hillcrest Labs Joins Atmel® Partner Program to Deliver Low Power, High Performance ...
ThomasNet (529 Words)

05-Nov-2013

 

 

Atmel Achieves Windows 8 Certification for XSense, The Innovative Flexible Touch Sensor Material
PR Newswire US (481 Words)

05-Nov-2013

 

 

Sensirion sensors in Atmel host system for IoT and wearable devices
EDN Europe (107 Words)

05-Nov-2013

 

 

Samsung Seeks Boost From First 'Analyst Day' in Eight Years(1)
Nikkei English News (935 Words)

05-Nov-2013

 

 

US Patent Issued to Atmel on Nov. 5 for "Method and apparatus for data communication between a base station and a transponder" (German Inventor)
U.S. Fed News (219 Words)

05-Nov-2013

 

 

US Patent Issued to Atmel on Nov. 5 for "Methods and apparatuses to test the functionality of capacitive sensors" (Bulgarian Inventor)
U.S. Fed News (212 Words)

05-Nov-2013

 

 

US Patent Issued to Atmel on Nov. 5 for "Color correcting device driver" (California Inventors)
U.S. Fed News (254 Words)

05-Nov-2013

 

 


Annual Income Statement

Atmel Corporation

 

San Jose, California, United States, Tel: 408-441-0311, URL: http://www.atmel.com

 

 

Financials in: USD (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

 

 

 

 

 

31-Dec-2012

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Dec-2012

Updated Normal
31-Dec-2011

Reclassified Normal
31-Dec-2011

Reclassified Normal
31-Dec-2011

Updated Normal
31-Dec-2008

Filed Currency

USD

USD

USD

USD

USD

Exchange Rate (Period Average)

1

1

1

1

1

Auditor

KPMG LLP

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Net Sales

1,432.1

1,803.1

1,644.1

1,217.3

1,566.8

Revenue

1,432.1

1,803.1

1,644.1

1,217.3

1,566.8

Total Revenue

1,432.1

1,803.1

1,644.1

1,217.3

1,566.8

 

 

 

 

 

 

    Cost of Revenue

830.8

894.8

915.9

804.3

976.2

Cost of Revenue, Total

830.8

894.8

915.9

804.3

976.2

Gross Profit

601.3

908.2

728.2

413.0

590.5

 

 

 

 

 

 

    Selling/General/Administrative Expense

275.3

280.4

264.3

221.3

273.9

Total Selling/General/Administrative Expenses

275.3

280.4

264.3

221.3

273.9

Research & Development

251.5

255.7

237.8

213.6

260.3

    Restructuring Charge

24.0

20.1

5.3

6.7

71.3

    Impairment-Assets Held for Use

6.5

0.0

11.9

79.8

8.0

    Loss (Gain) on Sale of Assets - Operating

0.0

-35.3

99.8

-0.2

-32.7

    Other Unusual Expense (Income)

7.4

5.4

1.6

16.3

23.6

Unusual Expense (Income)

37.9

-9.8

118.5

102.7

70.3

    Other, Net

-10.7

-

-

-

-

Other Operating Expenses, Total

-10.7

-

-

-

-

Total Operating Expense

1,384.7

1,421.0

1,536.5

1,342.0

1,580.7

 

 

 

 

 

 

Operating Income

47.4

382.0

107.5

-124.6

-13.9

 

 

 

 

 

 

        Interest Expense - Non-Operating

-4.1

-7.0

-7.5

-6.6

-12.3

    Interest Expense, Net Non-Operating

-4.1

-7.0

-7.5

-6.6

-12.3

        Interest Income - Non-Operating

-

0.2

3.2

1.8

-

        Investment Income - Non-Operating

0.4

6.0

13.2

-6.7

-4.9

    Interest/Investment Income - Non-Operating

0.4

6.2

16.4

-4.8

-4.9

    Interest Income (Expense) - Net Non-Operating

-1.4

-

-

-

11.0

Interest Income (Expense) - Net Non-Operating Total

-5.1

-0.8

8.8

-11.4

-6.3

Income Before Tax

42.2

381.2

116.4

-136.0

-20.2

 

 

 

 

 

 

Total Income Tax

11.8

66.2

-306.7

-26.5

7.0

Income After Tax

30.4

315.0

423.1

-109.5

-27.2

 

 

 

 

 

 

Net Income Before Extraord Items

30.4

315.0

423.1

-109.5

-27.2

    Discontinued Operations

-

-

-

-

0.0

Total Extraord Items

-

-

-

-

0.0

Net Income

30.4

315.0

423.1

-109.5

-27.2

 

 

 

 

 

 

Income Available to Common Excl Extraord Items

30.4

315.0

423.1

-109.5

-27.2

 

 

 

 

 

 

Income Available to Common Incl Extraord Items

30.4

315.0

423.1

-109.5

-27.2

 

 

 

 

 

 

Basic/Primary Weighted Average Shares

433.0

455.6

458.5

451.8

446.5

Basic EPS Excl Extraord Items

0.07

0.69

0.92

-0.24

-0.06

Basic/Primary EPS Incl Extraord Items

0.07

0.69

0.92

-0.24

-0.06

Dilution Adjustment

-

-

-

-

0.0

Diluted Net Income

30.4

315.0

423.1

-109.5

-27.2

Diluted Weighted Average Shares

437.6

462.7

469.6

451.8

446.5

Diluted EPS Excl Extraord Items

0.07

0.68

0.90

-0.24

-0.06

Diluted EPS Incl Extraord Items

0.07

0.68

0.90

-0.24

-0.06

Dividends per Share - Common Stock Primary Issue

0.00

0.00

0.00

0.00

0.00

Gross Dividends - Common Stock

0.0

0.0

0.0

0.0

0.0

Interest Expense, Supplemental

4.1

7.0

7.5

6.6

12.3

Depreciation, Supplemental

76.9

68.9

56.8

60.6

124.9

Total Special Items

37.9

-9.8

118.5

102.7

71.5

Normalized Income Before Tax

80.1

371.4

234.9

-33.3

51.3

 

 

 

 

 

 

Effect of Special Items on Income Taxes

10.6

-1.7

41.5

35.9

25.0

Inc Tax Ex Impact of Sp Items

22.4

64.5

-265.2

9.4

32.0

Normalized Income After Tax

57.7

306.9

500.1

-42.7

19.3

 

 

 

 

 

 

Normalized Inc. Avail to Com.

57.7

306.9

500.1

-42.7

19.3

 

 

 

 

 

 

Basic Normalized EPS

0.13

0.67

1.09

-0.09

0.04

Diluted Normalized EPS

0.13

0.66

1.07

-0.09

0.04

Amort of Intangibles, Supplemental

-

8.1

9.7

10.0

4.4

Rental Expenses

25.0

20.1

19.7

19.9

24.4

Research & Development Exp, Supplemental

251.5

255.7

237.8

213.6

260.3

Normalized EBIT

85.2

372.2

226.1

-21.9

57.6

Normalized EBITDA

162.2

449.2

292.6

48.7

186.8

    Current Tax - Domestic

10.4

2.5

-142.2

9.3

7.4

    Current Tax - Foreign

3.8

19.0

8.5

-20.8

-1.6

    Current Tax - Local

0.0

0.2

0.1

0.1

0.0

Current Tax - Total

14.1

21.6

-133.6

-11.4

5.8

    Deferred Tax - Domestic

4.5

6.0

-88.3

0.0

0.0

    Deferred Tax - Foreign

-6.3

40.7

-64.8

-15.1

1.1

    Deferred Tax - Local

-0.5

-2.1

-20.0

0.0

0.0

Deferred Tax - Total

-2.3

44.6

-173.1

-15.1

1.1

Income Tax - Total

11.8

66.2

-306.7

-26.5

7.0

Interest Cost - Foreign

1.4

1.3

1.6

1.5

2.9

Service Cost - Foreign

1.3

1.3

1.6

1.5

2.1

Actuarial Gains and Losses - Foreign

-0.1

0.1

0.0

-0.1

0.1

Curtailments & Settlements - Foreign

0.0

-0.7

1.1

0.0

-4.5

Foreign Pension Plan Expense

2.7

2.0

4.2

2.8

0.6

Defined Contribution Expense - Domestic

-

-

-

-

0.8

Total Pension Expense

2.7

2.0

4.2

2.8

1.4

Discount Rate - Foreign

2.70%

4.60%

4.70%

4.90%

5.80%

Compensation Rate - Foreign

2.40%

2.50%

2.10%

2.20%

3.00%

Total Plan Interest Cost

1.4

1.3

1.6

1.5

2.9

Total Plan Service Cost

1.3

1.3

1.6

1.5

2.1

 


 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2012

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

UpdateType/Date

Updated Normal
31-Dec-2012

Updated Normal
31-Dec-2011

Reclassified Normal
31-Dec-2011

Updated Normal
31-Dec-2009

Updated Normal
31-Dec-2008

Filed Currency

USD

USD

USD

USD

USD

Exchange Rate

1

1

1

1

1

Auditor

KPMG LLP

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Cash & Equivalents

293.4

329.4

501.5

437.5

408.9

    Short Term Investments

2.7

3.1

19.6

38.6

31.7

Cash and Short Term Investments

296.1

332.5

521.0

476.1

440.6

        Accounts Receivable - Trade, Gross

199.5

224.8

243.7

206.0

199.7

        Provision for Doubtful Accounts

-11.0

-11.8

-11.8

-11.9

-15.0

    Trade Accounts Receivable - Net

188.5

212.9

231.9

194.1

184.7

    Other Receivables

13.5

42.0

7.9

29.7

35.6

Total Receivables, Net

202.0

254.9

239.7

223.8

220.3

    Inventories - Finished Goods

96.7

102.1

105.4

79.4

102.9

    Inventories - Work In Progress

231.6

251.9

158.6

135.4

206.1

    Inventories - Raw Materials

20.0

23.4

12.7

11.5

15.0

Total Inventory

348.3

377.4

276.7

226.3

324.0

Prepaid Expenses

13.1

16.4

24.2

3.1

4.8

    Deferred Income Tax - Current Asset

53.1

10.2

39.3

26.4

12.7

    Discontinued Operations - Current Asset

-

-

-

16.1

0.0

    Other Current Assets

45.3

48.3

52.3

24.2

24.6

Other Current Assets, Total

98.4

58.5

91.6

66.8

37.2

Total Current Assets

957.8

1,039.8

1,153.2

996.1

1,026.9

 

 

 

 

 

 

        Buildings

510.5

533.2

532.7

539.7

604.6

        Land/Improvements

14.5

15.0

26.8

27.6

27.5

        Machinery/Equipment

988.4

983.4

948.7

911.4

1,530.9

        Construction in Progress

2.7

0.6

8.7

4.2

1.7

    Property/Plant/Equipment - Gross

1,516.1

1,532.2

1,516.9

1,482.9

2,164.7

    Accumulated Depreciation

-1,295.0

-1,275.1

-1,256.7

-1,279.7

-1,781.6

Property/Plant/Equipment - Net

221.0

257.1

260.1

203.2

383.1

Goodwill, Net

104.4

67.7

54.7

56.4

51.0

    Intangibles - Gross

66.7

49.8

38.7

113.1

107.5

    Accumulated Intangible Amortization

-39.4

-29.2

-21.1

-83.3

-73.4

Intangibles, Net

27.3

20.6

17.6

29.8

34.1

    LT Investments - Other

9.6

14.5

14.3

10.4

21.2

Long Term Investments

9.6

14.5

14.3

10.4

21.2

    Deferred Income Tax - Long Term Asset

102.3

121.4

140.6

3.0

3.9

    Other Long Term Assets

11.1

5.6

9.6

93.8

10.5

Other Long Term Assets, Total

113.4

127.0

150.2

96.8

14.4

Total Assets

1,433.5

1,526.6

1,650.0

1,392.8

1,530.7

 

 

 

 

 

 

Accounts Payable

104.0

76.4

160.0

105.7

116.4

Accrued Expenses

185.3

99.3

110.6

137.1

192.3

Notes Payable/Short Term Debt

0.0

0.0

0.0

0.0

0.0

Current Portion - Long Term Debt/Capital Leases

-

-

-

85.5

131.1

    Customer Advances

39.2

57.6

76.7

54.7

51.5

    Income Taxes Payable

7.9

5.7

25.0

5.4

4.7

    Deferred Income Tax - Current Liability

0.3

0.0

4.0

-

-

    Other Current Liabilities

-

92.0

68.4

11.3

0.0

Other Current liabilities, Total

47.4

155.4

174.1

71.4

56.2

Total Current Liabilities

336.7

331.2

444.7

399.7

496.1

 

 

 

 

 

 

    Long Term Debt

5.6

4.6

4.0

9.5

13.9

    Capital Lease Obligations

-

0.0

-

-

-

Total Long Term Debt

5.6

4.6

4.0

9.5

13.9

Total Debt

5.6

4.6

4.0

94.9

145.0

 

 

 

 

 

 

    Deferred Income Tax - LT Liability

0.1

0.1

0.1

-

-

Deferred Income Tax

0.1

0.1

0.1

-

-

    Pension Benefits - Underfunded

40.1

29.3

26.5

-

-

    Other Long Term Liabilities

54.4

79.0

121.8

219.3

218.6

Other Liabilities, Total

94.5

108.3

148.2

219.3

218.6

Total Liabilities

436.9

444.2

597.0

628.4

728.6

 

 

 

 

 

 

    Convertible Preferred Stock - Non Redeemable

0.0

0.0

0.0

0.0

-

Preferred Stock - Non Redeemable, Net

0.0

0.0

0.0

0.0

-

    Common Stock

0.4

0.4

0.5

0.5

0.4

Common Stock

0.4

0.4

0.5

0.5

0.4

Additional Paid-In Capital

881.9

995.1

1,273.9

1,284.1

1,238.8

Retained Earnings (Accumulated Deficit)

107.9

77.4

-237.6

-660.7

-551.2

Unrealized Gain (Loss)

-0.1

0.0

-0.2

-

-

    Translation Adjustment

11.6

7.7

14.6

-

-

    Minimum Pension Liability Adjustment

-5.1

1.7

1.9

-

-

    Other Comprehensive Income

-

-

-

140.5

114.0

Other Equity, Total

6.6

9.4

16.5

140.5

114.0

Total Equity

996.6

1,082.4

1,053.1

764.4

802.1

 

 

 

 

 

 

Total Liabilities & Shareholders’ Equity

1,433.5

1,526.6

1,650.0

1,392.8

1,530.7

 

 

 

 

 

 

    Shares Outstanding - Common Stock Primary Issue

428.6

442.4

456.8

454.6

448.9

Total Common Shares Outstanding

428.6

442.4

456.8

454.6

448.9

Treasury Shares - Common Stock Primary Issue

0.0

0.0

0.0

0.0

0.0

Employees

5,000

5,200

5,200

5,600

6,400

Number of Common Shareholders

1,424

1,482

1,611

1,719

1,789

Accumulated Intangible Amort, Suppl.

39.4

29.2

21.1

83.3

73.4

Deferred Revenue - Current

39.2

57.6

76.7

54.7

51.5

Deferred Revenue - Long Term

-

14.7

24.7

-

-

Total Long Term Debt, Supplemental

9.2

9.1

4.1

96.0

147.4

Long Term Debt Maturing within 1 Year

0.0

0.0

0.1

86.3

132.8

Long Term Debt Maturing in Year 2

4.6

0.0

0.0

4.9

5.8

Long Term Debt Maturing in Year 3

4.6

0.0

0.0

1.3

4.8

Long Term Debt Maturing in Year 4

0.0

4.5

0.0

0.0

1.1

Long Term Debt Maturing in Year 5

0.0

4.5

4.0

0.0

0.0

Long Term Debt Maturing in 2-3 Years

9.2

0.0

0.0

6.2

10.6

Long Term Debt Maturing in 4-5 Years

0.0

9.1

4.0

0.0

1.1

Long Term Debt Matur. in Year 6 & Beyond

0.0

0.0

0.0

3.5

2.8

    Interest Costs

-

0.0

0.0

-0.7

-1.4

Total Capital Leases, Supplemental

-

0.0

0.1

11.4

17.2

Capital Lease Payments Due in Year 1

-

0.0

0.1

5.9

6.9

Capital Lease Payments Due in Year 2

-

0.0

0.0

4.9

5.8

Capital Lease Payments Due in Year 3

-

0.0

0.0

1.3

4.8

Capital Lease Payments Due in Year 4

-

0.0

0.0

0.0

1.1

Capital Lease Payments Due in Year 5

-

0.0

0.0

0.0

0.0

Capital Lease Payments Due in 2-3 Years

-

0.0

0.0

6.2

10.6

Capital Lease Payments Due in 4-5 Years

-

0.0

0.0

0.0

1.1

Cap. Lease Pymts. Due in Year 6 & Beyond

-

-

0.0

0.0

0.0

Total Operating Leases, Supplemental

68.5

62.9

36.3

37.4

35.0

Operating Lease Payments Due in Year 1

9.0

3.5

14.9

14.8

11.3

Operating Lease Payments Due in Year 2

9.0

6.7

10.6

11.1

9.7

Operating Lease Payments Due in Year 3

7.6

6.4

4.4

8.2

6.9

Operating Lease Payments Due in Year 4

7.4

5.9

2.3

2.0

5.0

Operating Lease Payments Due in Year 5

6.8

6.0

1.0

1.1

2.0

Operating Lease Pymts. Due in 2-3 Years

16.6

13.1

14.9

19.3

16.6

Operating Lease Pymts. Due in 4-5 Years

14.1

11.9

3.3

3.1

7.0

Oper. Lse. Pymts. Due in Year 6 & Beyond

28.8

34.5

3.1

0.3

0.2

Pension Obligation - Foreign

40.6

29.8

26.9

28.9

26.8

Funded Status - Foreign

-40.6

-29.8

-26.9

-28.9

-26.8

Accumulated Obligation - Foreign

34.2

24.1

23.4

22.4

19.6

Total Funded Status

-40.6

-29.8

-26.9

-28.9

-26.8

Discount Rate - Foreign

2.70%

4.60%

4.70%

4.90%

5.80%

Compensation Rate - Foreign

2.40%

2.50%

2.10%

2.20%

3.00%

Accrued Liabilities - Foreign

-80.7

-29.8

-26.9

-32.0

-29.8

Other Assets, Net - Foreign

5.1

1.7

1.9

0.4

0.7

Net Assets Recognized on Balance Sheet

-75.6

-28.1

-25.0

-31.6

-29.1

Total Plan Obligations

40.6

29.8

26.9

28.9

26.8

 

 

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

31-Dec-2012

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Dec-2012

Updated Normal
31-Dec-2011

Updated Normal
31-Dec-2010

Updated Normal
31-Dec-2009

Updated Normal
31-Dec-2008

Filed Currency

USD

USD

USD

USD

USD

Exchange Rate (Period Average)

1

1

1

1

1

Auditor

KPMG LLP

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

Net Income/Starting Line

30.4

315.0

423.1

-109.5

-27.2

    Depreciation

76.9

77.0

66.5

70.6

134.8

Depreciation/Depletion

76.9

77.0

66.5

70.6

134.8

Deferred Taxes

-23.5

44.2

-164.6

-15.1

1.1

    Discontinued Operations

-

-

-

-

0.0

    Unusual Items

17.4

-36.3

-19.2

79.8

-32.6

    Purchased R&D

-

-

0.0

0.0

1.0

    Other Non-Cash Items

76.1

66.2

54.9

35.1

49.2

Non-Cash Items

93.5

29.9

35.7

115.0

17.6

    Accounts Receivable

24.4

19.8

-37.5

-6.7

15.6

    Inventories

10.3

-100.7

-60.1

84.8

19.8

    Other Assets

32.4

-15.9

-31.4

10.2

36.3

    Accounts Payable

38.6

-60.1

16.0

0.0

-102.9

    Accrued Expenses

-66.3

-47.1

111.1

-49.0

-10.2

    Taxes Payable

2.3

-15.6

-68.1

11.8

5.1

    Other Liabilities

-18.4

-19.1

22.0

3.2

21.8

    Other Operating Cash Flow

-

-6.2

-13.2

6.6

-0.8

Changes in Working Capital

23.3

-245.0

-61.2

60.8

-15.3

Cash from Operating Activities

200.7

221.1

299.5

121.8

111.1

 

 

 

 

 

 

    Purchase of Fixed Assets

-38.3

-84.6

-99.8

-31.8

-44.4

    Purchase/Acquisition of Intangibles

-4.0

-4.0

-5.5

-10.8

-1.3

Capital Expenditures

-42.3

-88.6

-105.3

-42.6

-45.6

    Acquisition of Business

-43.5

-20.3

0.0

-3.4

-98.6

    Sale of Business

26.9

1.6

19.0

-

0.0

    Sale of Fixed Assets

0.0

47.3

0.7

0.0

79.5

    Sale/Maturity of Investment

4.5

16.7

39.4

39.0

37.8

    Purchase of Investments

-2.5

0.0

-24.5

-34.8

-27.1

    Other Investing Cash Flow

5.0

0.0

-5.0

-1.9

0.0

Other Investing Cash Flow Items, Total

-9.6

45.3

29.6

-1.0

-8.3

Cash from Investing Activities

-51.9

-43.2

-75.7

-43.6

-54.0

 

 

 

 

 

 

    Other Financing Cash Flow

-18.6

-70.6

-8.1

-4.1

-1.8

Financing Cash Flow Items

-18.6

-70.6

-8.1

-4.1

-1.8

        Sale/Issuance of Common

15.5

28.7

29.9

9.7

10.5

        Repurchase/Retirement of Common

-179.6

-304.2

-89.2

0.0

0.0

    Common Stock, Net

-164.0

-275.5

-59.3

9.7

10.5

Issuance (Retirement) of Stock, Net

-164.0

-275.5

-59.3

9.7

10.5

        Long Term Debt Issued

-

-

-

-

0.0

        Long Term Debt Reduction

0.0

-0.1

-91.1

-51.2

-18.1

    Long Term Debt, Net

0.0

-0.1

-91.1

-51.2

-18.1

Issuance (Retirement) of Debt, Net

0.0

-0.1

-91.1

-51.2

-18.1

Cash from Financing Activities

-182.6

-346.2

-158.5

-45.5

-9.3

 

 

 

 

 

 

Foreign Exchange Effects

-2.2

-3.7

-1.3

-4.1

-13.0

Net Change in Cash

-36.1

-172.0

63.9

28.6

34.8

 

 

 

 

 

 

Net Cash - Beginning Balance

329.4

501.5

437.5

408.9

374.1

Net Cash - Ending Balance

293.4

329.4

501.5

437.5

408.9

Cash Interest Paid

0.2

1.9

2.9

4.5

9.1

Cash Taxes Paid

16.1

32.0

15.0

7.2

3.9

 

Atmel Corporation

 

San Jose, California, United States, Tel: 408-441-0311, URL: http://www.atmel.com

Annual Income Statement

 

Financials in: USD (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

 

31-Dec-2012

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Dec-2012

Updated Normal
31-Dec-2011

Reclassified Normal
31-Dec-2011

Reclassified Normal
31-Dec-2011

Updated Normal
31-Dec-2008

Filed Currency

USD

USD

USD

USD

USD

Exchange Rate (Period Average)

1

1

1

1

1

Auditor

KPMG LLP

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Sales

1,432.1

1,803.1

1,644.1

1,217.3

1,566.8

Total Revenue

1,432.1

1,803.1

1,644.1

1,217.3

1,566.8

 

 

 

 

 

 

    Credit from reserved grant income

-10.7

-

-

-

-

    Cost of Sales

830.8

894.8

915.9

804.3

976.2

    Research and development

251.5

255.7

237.8

213.6

260.3

    Charges for Grant Repayment

-

-

-

-

0.7

    Selling, general and administrative

275.3

280.4

264.3

221.3

273.2

    Acquisition-related charges

7.4

5.4

1.6

16.3

23.6

    Restructuring

24.0

20.1

5.3

6.7

71.3

    Impairment of receivables from foundry s

6.5

-

-

-

-

    Asset impairment charges

0.0

0.0

11.9

79.8

8.0

    Gain on Sale of Assets

0.0

-35.3

99.8

-0.2

-32.7

Total Operating Expense

1,384.7

1,421.0

1,536.5

1,342.0

1,580.7

 

 

 

 

 

 

    Interest and other (expense) income, net

-1.4

-

-

-

11.0

    Interest and other (expense) Income, net

-

0.2

3.2

1.8

-

    Interest Expense

-4.1

-7.0

-7.5

-6.6

-12.3

    Foreign Exchange

0.4

6.0

13.2

-6.7

-4.9

Net Income Before Taxes

42.2

381.2

116.4

-136.0

-20.2

 

 

 

 

 

 

Provision for Income Taxes

11.8

66.2

-306.7

-26.5

7.0

Net Income After Taxes

30.4

315.0

423.1

-109.5

-27.2

 

 

 

 

 

 

Net Income Before Extra. Items

30.4

315.0

423.1

-109.5

-27.2

    Income from discontinued operations net

-

-

-

-

0.0

    Gain on sale of discontinued operations

-

-

-

-

0.0

Net Income

30.4

315.0

423.1

-109.5

-27.2

 

 

 

 

 

 

Income Available to Com Excl ExtraOrd

30.4

315.0

423.1

-109.5

-27.2

 

 

 

 

 

 

Income Available to Com Incl ExtraOrd

30.4

315.0

423.1

-109.5

-27.2

 

 

 

 

 

 

Basic Weighted Average Shares

433.0

455.6

458.5

451.8

446.5

Basic EPS Excluding ExtraOrdinary Items

0.07

0.69

0.92

-0.24

-0.06

Basic EPS Including ExtraOrdinary Items

0.07

0.69

0.92

-0.24

-0.06

Dilution Adjustment

-

-

-

-

0.0

Diluted Net Income

30.4

315.0

423.1

-109.5

-27.2

Diluted Weighted Average Shares

437.6

462.7

469.6

451.8

446.5

Diluted EPS Excluding ExtraOrd Items

0.07

0.68

0.90

-0.24

-0.06

Diluted EPS Including ExtraOrd Items

0.07

0.68

0.90

-0.24

-0.06

DPS-Ordinary Shares

0.00

0.00

0.00

0.00

0.00

Gross Dividends - Common Stock

0.0

0.0

0.0

0.0

0.0

Normalized Income Before Taxes

80.1

371.4

234.9

-33.3

51.3

 

 

 

 

 

 

Inc Tax Ex Impact of Sp Items

22.4

64.5

-265.2

9.4

32.0

Normalized Income After Taxes

57.7

306.9

500.1

-42.7

19.3

 

 

 

 

 

 

Normalized Inc. Avail to Com.

57.7

306.9

500.1

-42.7

19.3

 

 

 

 

 

 

Basic Normalized EPS

0.13

0.67

1.09

-0.09

0.04

Diluted Normalized EPS

0.13

0.66

1.07

-0.09

0.04

Research & Development Exp

251.5

255.7

237.8

213.6

260.3

Interest Expense

4.1

7.0

7.5

6.6

12.3

Rental Expense

25.0

20.1

19.7

19.9

24.4

Depreciation

76.9

68.9

56.8

60.6

124.9

Intangible Amortisation

-

8.1

9.7

10.0

4.4

    Current Tax - Federal

10.4

2.5

-142.2

9.3

7.4

    Current Tax - State

0.0

0.2

0.1

0.1

0.0

    Current Tax - Foreign

3.8

19.0

8.5

-20.8

-1.6

Current Tax - Total

14.1

21.6

-133.6

-11.4

5.8

    Deferred Tax - Federal

4.5

6.0

-88.3

0.0

0.0

    Deferred Tax - State

-0.5

-2.1

-20.0

0.0

0.0

    Deferred Tax - Foreign

-6.3

40.7

-64.8

-15.1

1.1

Deferred Tax - Total

-2.3

44.6

-173.1

-15.1

1.1

Income Tax - Total

11.8

66.2

-306.7

-26.5

7.0

Service Cost - Foreign

1.3

1.3

1.6

1.5

2.1

Interest Cost - Foreign

1.4

1.3

1.6

1.5

2.9

Amort. of Actuarial Gain/Loss - Foreign

-0.1

0.1

0.0

-0.1

0.1

Curtailment and other related gains

0.0

-0.7

1.1

0.0

-4.5

Foreign Pension Plan Expense

2.7

2.0

4.2

2.8

0.6

401(k) Tax Deferred Savings Plan

-

-

-

-

0.8

Total Pension Expense

2.7

2.0

4.2

2.8

1.4

Discount Rate - Foreign

2.70%

4.60%

4.70%

4.90%

5.80%

Compensation Rate - Foreign

2.40%

2.50%

2.10%

2.20%

3.00%

 

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2012

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

UpdateType/Date

Updated Normal
31-Dec-2012

Updated Normal
31-Dec-2011

Reclassified Normal
31-Dec-2011

Updated Normal
31-Dec-2009

Updated Normal
31-Dec-2008

Filed Currency

USD

USD

USD

USD

USD

Exchange Rate

1

1

1

1

1

Auditor

KPMG LLP

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

    Cash/Equivalents

293.4

329.4

501.5

437.5

408.9

    Short-term investments

2.7

3.1

19.6

38.6

31.7

    Gross Rcvbls.

199.5

224.8

243.7

206.0

199.7

    Doubtful Accnts.

-11.0

-11.8

-11.8

-11.9

-15.0

    Raw Materials

20.0

23.4

12.7

11.5

15.0

    Work in Progress

231.6

251.9

158.6

135.4

206.1

    Finished Goods

96.7

102.1

105.4

79.4

102.9

    Current assets held for sale

-

-

-

16.1

0.0

    Deferred income tax assets

53.1

10.2

39.3

26.4

12.7

    Prepaid income taxes

13.1

16.4

24.2

3.1

4.8

    Value-added tax receivable

7.1

25.0

6.3

21.1

22.2

    Income tax receivable

6.3

17.0

1.6

3.7

7.7

    Other

45.3

48.3

52.3

24.2

24.6

    Grants receivable

-

-

-

4.9

5.6

Total Current Assets

957.8

1,039.8

1,153.2

996.1

1,026.9

 

 

 

 

 

 

    Land

14.5

15.0

26.8

27.6

27.5

    Bldg./Improv.

510.5

533.2

532.7

539.7

604.6

    Mach./Equipment

966.8

965.5

930.2

758.4

1,371.8

    Furn. & Fixt.

21.6

17.9

18.5

153.0

159.1

    Construction

2.7

0.6

8.7

4.2

1.7

    Depreciation

-1,295.0

-1,275.1

-1,256.7

-1,279.7

-1,781.6

    Non current assets held for sale

-

-

-

-

0.0

    Non-current assets held for sale

-

-

-

83.3

-

    Deferred Income Tax Assets

102.3

121.4

140.6

3.0

3.9

    LT Investments

8.5

12.2

12.0

8.2

8.3

    Auction-rate securities

1.1

2.3

2.3

-

-

    Other Assets

11.1

5.6

9.6

10.6

10.5

    Long-term investments (including auction

-

-

-

2.3

12.9

    Goodwill

104.4

67.7

54.7

56.4

51.0

    Core/Licensed Technology

18.1

17.6

17.6

113.1

107.5

    Acquisition-related intangible assets

48.6

32.3

21.2

-

-

    Acc Amort Other Intangibles

-23.2

-

-

-

-

    AccAmortLicen.Franc.RightContr.Mod.Desig

-16.2

-

-

-

-

    Amortisation

-

-29.2

-21.1

-83.3

-73.4

Total Assets

1,433.5

1,526.6

1,650.0

1,392.8

1,530.7

 

 

 

 

 

 

    Current portion of long-term debt

-

-

-

85.5

131.1

    Accounts Payable

104.0

76.4

160.0

105.7

116.4

    Liabilities related to assets held for s

-

-

-

-

0.0

    Current liabilities held for sale

-

-

-

11.3

0.0

    Accrued Expenses

55.0

-

-

-

-

    Warrant Accrued and Accrued Return

10.4

-

-

-

-

    Accrued Restructuring

16.2

-

-

-

-

    Other Accrued and other liabilities

103.7

-

-

-

-

    Accrued Expenses

-

99.3

110.6

137.1

192.3

    Deferred Income

29.2

47.6

66.7

44.7

41.5

    Advance payments from customer

10.0

10.0

10.0

10.0

10.0

    Income Taxes

7.9

5.7

25.0

5.4

4.7

    Deferred income tax liability, current p

0.3

0.0

4.0

-

-

    Other Liabilities

-

92.0

68.4

-

-

Total Current Liabilities

336.7

331.2

444.7

399.7

496.1

 

 

 

 

 

 

    Capital lease obligations

-

0.0

-

-

-

    Long-term debt less current portion

5.6

4.6

4.0

9.5

13.9

Total Long Term Debt

5.6

4.6

4.0

9.5

13.9

 

 

 

 

 

 

    Other Other long-term liabilities

49.8

-

-

-

-

    Advance payments from customer

4.7

14.7

24.7

-

-

    Accrued pension liability

40.1

29.3

26.5

-

-

    Deferred Taxes

0.1

0.1

0.1

-

-

    Other long-term liabilities

-

64.4

97.1

215.3

218.6

    Long-term liabilities held for sale

-

-

-

4.0

0.0

Total Liabilities

436.9

444.2

597.0

628.4

728.6

 

 

 

 

 

 

    Preferred stock

0.0

0.0

0.0

0.0

-

    Common Share

0.4

0.4

0.5

0.5

0.4

    Additional paid-in capital

881.9

995.1

1,273.9

1,284.1

1,238.8

    Translation Adj.

11.6

7.7

14.6

-

-

    Actuarial gains related to defined benef

-5.1

1.7

1.9

-

-

    Unrealized Loss

-0.1

0.0

-0.2

-

-

    Other Comp. Inc.

-

-

-

140.5

114.0

    Retained Erngs.

107.9

77.4

-237.6

-660.7

-551.2

Total Equity

996.6

1,082.4

1,053.1

764.4

802.1

 

 

 

 

 

 

Total Liabilities & Shareholders' Equity

1,433.5

1,526.6

1,650.0

1,392.8

1,530.7

 

 

 

 

 

 

    S/O-Ordinary Shares

428.6

442.4

456.8

454.6

448.9

Total Common Shares Outstanding

428.6

442.4

456.8

454.6

448.9

T/S-Ordinary Shares

0.0

0.0

0.0

0.0

0.0

Advance payments from customer

10.0

-

-

-

-

Deferred Revenue - Current

29.2

57.6

76.7

54.7

51.5

Deferred Revenue - Long Term

-

14.7

24.7

-

-

Acc Amort Other Intangibles

23.2

-

-

-

-

AccAmortLicen.Franc.RightContr.Mod.Desig

16.2

-

-

-

-

Accumulated Intangible Amortisation

-

29.2

21.1

83.3

73.4

Full-Time Employees

5,000

5,200

5,200

5,600

6,400

Number of Common Shareholders

1,424

1,482

1,611

1,719

1,789

Long Term Debt Due Within 1 Year

0.0

0.0

0.1

86.3

132.8

Long Term Debt Due Within 2 Years

-

-

0.0

4.9

5.8

Long Term Debt Due Within 3 Years

9.2

0.0

0.0

1.3

4.8

Long Term Debt Due Within 4 Years

-

-

0.0

0.0

1.1

Long Term Debt Due Within 5 Years

0.0

9.1

4.0

0.0

0.0

Long Term Debt Due After 5 Years

0.0

0.0

0.0

3.5

2.8

Total Long Term Debt, Supplemental

9.2

9.1

4.1

96.0

147.4

Capital Leases Due Within 1 Year

-

0.0

0.1

5.9

6.9

Capital Leases Due Within 2 Years

-

-

0.0

4.9

5.8

Capital Leases Due Within 3 Years

-

0.0

0.0

1.3

4.8

Capital Leases Due Within 4 Years

-

-

0.0

0.0

1.1

Capital Leases Due Within 5 Years

-

0.0

0.0

0.0

0.0

Capital Leases Due After 5 Years

-

-

0.0

0.0

0.0

Interest Costs

-

0.0

0.0

-0.7

-1.4

Total Capital Leases, Supplemental

-

0.0

0.1

11.4

17.2

Operating Leases Due Within 1 Year

9.0

3.5

14.9

14.8

11.3

Operating Leases Due Within 2 Years

9.0

6.7

10.6

11.1

9.7

Operating Leases Due Within 3 Years

7.6

6.4

4.4

8.2

6.9

Operating Leases Due Within 4 Years

7.4

5.9

2.3

2.0

5.0

Operating Leases Due Within 5 Years

6.8

6.0

1.0

1.1

2.0

Operating Leases Due After 5 Years

28.8

34.5

3.1

0.3

0.2

Total Operating Leases, Supplemental

68.5

62.9

36.3

37.4

35.0

Projected Benefit Obligation - Foreign

40.6

29.8

26.9

28.9

26.8

Funded Status - Foreign

-40.6

-29.8

-26.9

-28.9

-26.8

Accumulated Benefit Obligation - Foreign

34.2

24.1

23.4

22.4

19.6

Total Funded Status

-40.6

-29.8

-26.9

-28.9

-26.8

Discount Rate - Foreign

2.70%

4.60%

4.70%

4.90%

5.80%

Compensation Rate - Foreign

2.40%

2.50%

2.10%

2.20%

3.00%

Accrued & Other Liability - Foreign

-40.6

-0.5

-0.4

-0.7

-0.8

Other Long Term Liabilities- Foreign

-40.1

-29.3

-26.5

-24.2

-26.0

Long Term Liabilities Held For Slae - Fo

-

-

-

-4.0

-

AOCI-Net Actuarial Loss - Foreign

5.1

1.7

1.9

-2.7

-2.3

AOCI-Prior Service Cost - Foreign

-

-

-

-

0.0

Assets- Dfrd Comp. Plan - Foreign

-

-

-

3.1

3.0

Liability - Dfrd Comp. Plan - Foreign

-

-

-

-3.1

-3.0

Net Assets Recognized on Balance Sheet

-75.6

-28.1

-25.0

-31.6

-29.1

 

 

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

31-Dec-2012

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

UpdateType/Date

Updated Normal
31-Dec-2012

Updated Normal
31-Dec-2011

Updated Normal
31-Dec-2010

Updated Normal
31-Dec-2009

Updated Normal
31-Dec-2008

Filed Currency

USD

USD

USD

USD

USD

Exchange Rate (Period Average)

1

1

1

1

1

Auditor

KPMG LLP

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

Auditor Opinion

Unqualified

Unqualified

Unqualified

Unqualified

Unqualified

 

 

 

 

 

 

Net Income

30.4

315.0

423.1

-109.5

-27.2

    Depreciation

76.9

77.0

66.5

70.6

134.8

    Loss from foundry arrangement

10.6

-

-

-

-

    Impairment of receivable from foundry su

6.5

-

-

-

-

    Asset Impairment

0.0

0.0

11.9

79.8

3.0

    Gain on sale of discontinued operations

-

-

-

-

0.0

    Deferred Taxes

-23.5

44.2

-164.6

-15.1

1.1

    Doubtful Accounts

0.0

-

-

-

-

    Other non cash losses

1.0

-

-

-

-

    Accretion of interest on long-term debt

1.0

-

-

-

-

    Non-cash acquisition-related and other c

2.9

-

-

-

-

    Gain-Sale Assets/Inv

-

-36.3

-31.1

0.0

-35.7

    In process research and development char

-

-

0.0

0.0

1.0

    Accretion of interest on long term debt

-

0.8

0.7

0.6

1.5

    Receivable Provision

-

0.0

-0.1

-3.1

12.3

    Gain on Sale of Interest

-

-6.2

-13.2

6.6

-0.8

    Excess tax benefit on stock-based compen

-1.3

-2.7

-3.1

-

-

    Stock Based Comp.

72.4

68.1

57.4

37.6

35.4

    Accrued and other liabilities

-66.3

-47.1

111.1

-49.0

-10.2

    Accounts Payable

38.6

-60.1

16.0

0.0

-102.9

    Receivables

24.4

19.8

-37.5

-6.7

15.6

    Inventories

10.3

-100.7

-60.1

84.8

19.8

    Other Assets

32.4

-15.9

-31.4

10.2

36.3

    Income Taxes

2.3

-15.6

-68.1

11.8

5.1

    Deferred Income

-18.4

-19.1

22.0

3.2

21.8

    Non-cash losses (gains) on sale of fixed

0.3

-

-

-

-

Cash from Operating Activities

200.7

221.1

299.5

121.8

111.1

 

 

 

 

 

 

    Proceeds from the sale of fixed assets

0.0

47.3

0.7

-

-

    Capital Expenditures

-38.3

-84.6

-99.8

-31.8

-44.4

    Proceeds from sale of manufacturing faci

-

-

-

0.0

0.0

    Proceeds from the sale of business

26.9

-

-

-

-

    Net proceeds from sale of discontinued o

-

-

-

-

0.0

    Sale Fixed Assets

-

-

0.0

0.0

79.5

    Proceeds from the sale of SMS business,

-

1.6

19.0

-

-

    Acquisition of businesses, net of cash

-43.5

-20.3

0.0

-3.4

-98.6

    Sale of Interest

-

-

-

-

0.0

    Purch. Investments

0.0

0.0

-20.6

-34.8

-27.1

    Increases in long-term restricted cash

5.0

0.0

-5.0

-1.9

0.0

    Investment in private company

-2.5

0.0

-3.9

-

-

    Sale/Mat. Invest.

4.5

16.7

39.4

39.0

37.8

    Payment Intangible Assets

-4.0

-4.0

-5.5

-10.8

-1.3

Cash from Investing Activities

-51.9

-43.2

-75.7

-43.6

-54.0

 

 

 

 

 

 

    Lease Proceeds

-

-

-

-

0.0

    (Repayment of) proceeds from bank line o

0.0

0.0

-80.0

-45.0

-

    Lease Payments

0.0

-0.1

-11.1

-6.2

-18.1

    Repurch. Conv. Note

-

-

-

-

0.0

    Repurchase of common stock

-

-

-

0.0

0.0

    Proceeds from financing related to sale

-179.6

-304.2

-89.2

0.0

0.0

    Excess tax benefit on stock-based compen

1.3

2.7

3.1

-

-

    Tax payments related to shares withheld

-19.8

-73.3

-11.1

-4.1

-1.8

    Issue. Common Stock

15.5

28.7

29.9

9.7

10.5

Cash from Financing Activities

-182.6

-346.2

-158.5

-45.5

-9.3

 

 

 

 

 

 

Foreign Exchange Effects

-2.2

-3.7

-1.3

-4.1

-13.0

Net Change in Cash

-36.1

-172.0

63.9

28.6

34.8

 

 

 

 

 

 

Net Cash - Beginning Balance

329.4

501.5

437.5

408.9

374.1

Net Cash - Ending Balance

293.4

329.4

501.5

437.5

408.9

    Cash Interest Paid

0.2

1.9

2.9

4.5

9.1

    Cash Taxes Paid

16.1

32.0

15.0

7.2

3.9

 

Atmel Corporation

 

San Jose, California, United States, Tel: 408-441-0311, URL: http://www.atmel.com

Financial Health

 

Financials in: USD (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

Key Indicators USD (mil)

 

Quarter
Ending
30-Jun-2013

Quarter
Ending
Yr Ago

Annual
Year End
31-Dec-2012

1 Year
Growth

3 Year
Growth

5 Year
Growth

Total Revenue (?)

347.8

-5.54%

1,432.1

-20.57%

5.57%

-2.67%

Research & Development (?)

64.3

-3.08%

251.5

-1.62%

5.60%

-1.56%

Operating Income (?)

19.4

136.64%

47.4

-87.60%

-

-1.75%

Income Available to Common Excl Extraord Items (?)

13.0

1,620.95%

30.4

-90.33%

-

-8.66%

Basic EPS Excl Extraord Items (?)

0.03

1,682.35%

0.07

-89.83%

-

-6.86%

Capital Expenditures (?)

16.2

-10.36%

42.3

-52.25%

-0.20%

-9.75%

Cash from Operating Activities (?)

-3.3

-

200.7

-9.24%

18.13%

0.49%

Free Cash Flow (?)

-19.6

-

158.4

19.50%

25.99%

4.81%

Total Assets (?)

1,373.0

-1.67%

1,433.5

-6.10%

0.96%

-3.38%

Total Liabilities (?)

426.4

5.79%

436.9

-1.63%

-11.41%

-13.05%

Total Long Term Debt (?)

0.0

-

5.6

21.47%

-16.04%

-22.78%

Employees (?)

-

-

5000

-3.85%

-3.71%

-7.54%

Total Common Shares Outstanding (?)

427.9

-0.73%

428.6

-3.12%

-1.94%

-0.70%

Market Cap (?)

3,141.0

8.59%

2,807.3

-21.66%

10.24%

7.92%

Key Ratios

 

31-Dec-2012

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

Profitability

Gross Margin (?)

41.99%

50.37%

44.29%

33.93%

37.69%

Operating Margin (?)

3.31%

21.19%

6.54%

-10.24%

-0.89%

Pretax Margin (?)

2.95%

21.14%

7.08%

-11.18%

-1.29%

Net Profit Margin (?)

2.13%

17.47%

25.73%

-8.99%

-1.74%

Financial Strength

Current Ratio (?)

2.84

3.14

2.59

2.49

2.07

Long Term Debt/Equity (?)

0.01

0.00

0.00

0.01

0.02

Total Debt/Equity (?)

0.01

0.00

0.00

0.12

0.18

Interest Coverage (?)

34.88

-

-

-

-

Management Effectiveness

Return on Assets (?)

2.06%

19.83%

27.81%

-7.49%

-1.68%

Return on Equity (?)

2.93%

29.50%

46.56%

-13.98%

-3.35%

Efficiency

Receivables Turnover (?)

6.27

7.29

7.09

5.48

6.61

Inventory Turnover (?)

2.29

2.74

3.64

2.92

2.87

Asset Turnover (?)

0.97

1.14

1.08

0.83

0.97

Market Valuation USD (mil)

Enterprise Value (?)

2,894.7

.

Price/Sales (TTM) (?)

2.26

Enterprise Value/Revenue (TTM) (?)

2.09

.

Price/Book (MRQ) (?)

3.30

Enterprise Value/EBITDA (TTM) (?)

21.72

.

Market Cap (?)

3,121.3

 

 

Atmel Corporation

 

San Jose, California, United States, Tel: 408-441-0311, URL: http://www.atmel.com

Ratio Comparisons

 

Traded: NASDAQ: ATML

Financials in: USD (actual units)

Industry: Semiconductors

As of 18-Oct-2013

Sector: Technology

 

 

Company

Industry

Sector

S&P 500

Valuation Ratios

P/E Excluding Extraordinary (TTM) (?)

-

19.99

22.09

19.68

P/E High Excluding Extraordinary - Last 5 Yrs (?)

94.14

36.86

42.91

32.79

P/E Low Excluding Extraordinary - Last 5 Yrs (?)

11.90

12.99

12.36

10.71

Beta (?)

1.48

1.28

1.19

1.00

Price/Revenue (TTM) (?)

2.26

3.44

4.07

2.57

Price/Book (MRQ) (?)

3.30

3.87

4.73

3.67

Price to Tangible Book (MRQ) (?)

3.85

4.36

6.85

5.21

Price to Cash Flow Per Share (TTM) (?)

59.48

15.83

17.48

14.22

Price to Free Cash Flow Per Share (TTM) (?)

35.29

26.54

23.00

26.26

 

 

 

 

 

Dividends

Dividend Yield (?)

-

2.44%

1.65%

2.26%

Dividend Per Share - 5 Yr Avg (?)

0.00

1.35

0.71

1.99

Dividend 5 Yr Growth (?)

-

21.22%

7.13%

0.08%

Payout Ratio (TTM) (?)

-

18.90%

10.38%

25.98%

 

 

 

 

 

Growth Rates (%)

Revenue (MRQ) vs Qtr 1 Yr Ago (?)

-5.54%

32.22%

28.50%

15.58%

Revenue (TTM) vs TTM 1 Yr Ago (?)

-12.96%

40.54%

18.25%

17.69%

Revenue 5 Yr Growth (?)

-2.67%

11.04%

16.94%

8.97%

EPS (MRQ) vs Qtr 1 Yr Ago (?)

1,642.20%

50.47%

41.24%

19.49%

EPS (TTM) vs TTM 1 Yr Ago (?)

-116.18%

130.87%

49.53%

32.55%

EPS 5 Yr Growth (?)

-6.89%

7.09%

20.44%

9.86%

Capital Spending 5 Yr Growth (?)

-9.75%

-26.65%

9.78%

-2.04%

 

 

 

 

 

Financial Strength

Quick Ratio (MRQ) (?)

1.74

3.02

1.98

1.24

Current Ratio (MRQ) (?)

2.77

3.90

2.38

1.79

LT Debt/Equity (MRQ) (?)

0.00

0.19

0.31

0.64

Total Debt/Equity (MRQ) (?)

0.00

0.21

0.36

0.73

Interest Coverage (TTM) (?)

35.27

11.34

11.30

13.80

 

 

 

 

 

Profitability Ratios (%)

Gross Margin (TTM) (?)

40.95%

54.52%

55.32%

45.21%

Gross Margin - 5 Yr Avg (?)

42.30%

49.69%

53.24%

44.91%

EBITD Margin (TTM) (?)

9.64%

27.82%

25.78%

24.43%

EBITD Margin - 5 Yr Avg (?)

14.87%

18.02%

21.39%

22.84%

Operating Margin (TTM) (?)

-2.08%

24.80%

22.29%

20.63%

Operating Margin - 5 Yr Avg (?)

5.20%

13.57%

17.62%

18.28%

Pretax Margin (TTM) (?)

-2.19%

24.89%

22.54%

17.95%

Pretax Margin - 5 Yr Avg (?)

5.00%

14.88%

18.75%

17.10%

Net Profit Margin (TTM) (?)

-1.84%

19.30%

17.35%

13.65%

Net Profit Margin - 5 Yr Avg (?)

8.24%

10.91%

12.72%

12.10%

Effective Tax Rate (TTM) (?)

-

21.71%

23.73%

28.45%

Effective Tax rate - 5 Yr Avg (?)

-64.75%

23.58%

24.82%

29.92%

 

 

 

 

 

Management Effectiveness (%)

Return on Assets (TTM) (?)

-1.83%

15.21%

12.89%

8.54%

Return on Assets - 5 Yr Avg (?)

8.24%

8.48%

10.70%

8.40%

Return on Investment (TTM) (?)

-2.37%

15.22%

13.09%

7.90%

Return on Investment - 5 Yr Avg (?)

11.45%

8.60%

11.50%

8.27%

Return on Equity (TTM) (?)

-2.62%

21.72%

25.23%

19.72%

Return on Equity - 5 Yr Avg (?)

13.70%

11.50%

21.05%

20.06%

 

 

 

 

 

Efficiency

Revenue/Employee (TTM) (?)

276,606.40

514,699.51

617,868.03

927,613.77

Net Income/Employee (TTM) (?)

-5,077.40

106,063.20

132,630.14

116,121.92

Receivables Turnover (TTM) (?)

6.20

10.12

8.08

13.25

Inventory Turnover (TTM) (?)

2.43

5.67

19.61

14.53

Asset Turnover (TTM) (?)

1.00

0.82

0.75

0.93

 

 

 

Atmel Corporation

 

San Jose, California, United States, Tel: 408-441-0311, URL: http://www.atmel.com

Annual Ratios

 

Financials in: USD (mil)

 

Except for share items (millions) and per share items (actual units)

 

 



 

 

31-Dec-2012

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

Financial Strength

Current Ratio (?)

2.84

3.14

2.59

2.49

2.07

Quick/Acid Test Ratio (?)

1.48

1.77

1.71

1.75

1.33

Working Capital (?)

621.1

708.6

708.5

596.4

530.8

Long Term Debt/Equity (?)

0.01

0.00

0.00

0.01

0.02

Total Debt/Equity (?)

0.01

0.00

0.00

0.12

0.18

Long Term Debt/Total Capital (?)

0.01

0.00

0.00

0.01

0.01

Total Debt/Total Capital (?)

0.01

0.00

0.00

0.11

0.15

Interest Coverage (?)

34.88

-

-

-

-

Payout Ratio (?)

0.00%

0.00%

0.00%

0.00%

0.00%

Effective Tax Rate (?)

27.92%

17.37%

-263.62%

-

-

Total Capital (?)

1,002.2

1,087.1

1,057.0

859.3

947.1

 

 

 

 

 

 

Efficiency

Asset Turnover (?)

0.97

1.14

1.08

0.83

0.97

Inventory Turnover (?)

2.29

2.74

3.64

2.92

2.87

Days In Inventory (?)

159.42

133.40

100.22

124.86

127.37

Receivables Turnover (?)

6.27

7.29

7.09

5.48

6.61

Days Receivables Outstanding (?)

58.22

50.07

51.46

66.58

55.23

Revenue/Employee (?)

286,422

346,741

316,165

217,383

244,807

Operating Income/Employee (?)

9,473

73,463

20,680

-22,256

-2,178

EBITDA/Employee (?)

24,859

88,271

33,468

-9,649

18,016

 

 

 

 

 

 

Profitability

Gross Margin (?)

41.99%

50.37%

44.29%

33.93%

37.69%

Operating Margin (?)

3.31%

21.19%

6.54%

-10.24%

-0.89%

EBITDA Margin (?)

8.68%

25.46%

10.59%

-4.44%

7.36%

EBIT Margin (?)

3.31%

21.19%

6.54%

-10.24%

-0.89%

Pretax Margin (?)

2.95%

21.14%

7.08%

-11.18%

-1.29%

Net Profit Margin (?)

2.13%

17.47%

25.73%

-8.99%

-1.74%

R&D Expense/Revenue (?)

17.56%

14.18%

14.46%

17.55%

16.61%

COGS/Revenue (?)

58.01%

49.63%

55.71%

66.07%

62.31%

SG&A Expense/Revenue (?)

19.22%

15.55%

16.08%

18.18%

17.48%

 

 

 

 

 

 

Management Effectiveness

Return on Assets (?)

2.06%

19.83%

27.81%

-7.49%

-1.68%

Return on Equity (?)

2.93%

29.50%

46.56%

-13.98%

-3.35%

 

 

 

 

 

 

Valuation

Free Cash Flow/Share (?)

0.37

0.30

0.43

0.17

0.15

Operating Cash Flow/Share  (?)

0.47

0.50

0.66

0.27

0.25

 

Current Market Multiples

Market Cap/Earnings (TTM) (?)

-122.03

Market Cap/Equity (MRQ) (?)

3.30

Market Cap/Revenue (TTM) (?)

2.26

Market Cap/EBIT (TTM) (?)

56.33

Market Cap/EBITDA (TTM) (?)

23.42

Enterprise Value/Earnings (TTM) (?)

-113.17

Enterprise Value/Equity (MRQ) (?)

3.06

Enterprise Value/Revenue (TTM) (?)

2.09

Enterprise Value/EBIT (TTM) (?)

52.24

Enterprise Value/EBITDA (TTM) (?)

21.72

 

Atmel Corporation

 

San Jose, California, United States, Tel: 408-441-0311, URL: http://www.atmel.com

Stock Report

  

 

Stock Snapshot    

 

 

Traded: NASDAQ: ATML  

As of 18-Oct-2013    US Dollars

Recent Price

$7.30

 

EPS

$0.13

52 Week High

$8.40

 

Price/Sales

2.18

52 Week Low

$4.37

 

Price/Book

3.14

Avg. Volume (mil)

4.83

 

Beta

1.48

Market Value (mil)

$3,121.31

 

 

 

 

Price % Change

Rel S&P 500%

4 Week

-4.51%

-6.40%

13 Week

-5.07%

-7.92%

52 Week

50.67%

25.87%

Year to Date

11.45%

-8.89%

 

 

2 Year Weekly End Price & Volume

 

 

 

 

 

Stock History    

 

 

Market Cap History

 

30-Jun-13

% Chg

31-Mar-13

% Chg

31-Dec-12

% Chg

30-Sep-12

% Chg

30-Jun-12

% Chg

Total Common Shares Outstanding

428

-0.2

429

0.0

429

-0.3

430

-0.3

431

-1.0

Market Cap

3,141.0

5.3

2,982.8

6.3

2,807.3

24.2

2,261.0

-21.8

2,892.6

-32.7

Yearly Price History

 

2013

% Chg

2012

% Chg

2011

% Chg

2010

% Chg

2009

% Chg

High Price

8.40

-21.8

10.74

-36.1

16.80

32.5

12.68

164.2

4.80

2.3

Low Price

5.89

34.8

4.37

-40.6

7.36

71.6

4.29

49.5

2.87

14.8

Year End Price

7.30

11.5

6.55

-19.1

8.10

-34.3

12.32

167.2

4.61

47.3

Monthly Price History

Price Ending Date

Open

High

Low

Close

Volume

 

18-Oct-13

7.45

7.63

6.97

7.30

85,686,996

 

30-Sep-13

7.37

7.91

7.18

7.44

76,389,948

 

30-Aug-13

7.86

8.21

7.09

7.26

110,948,476

 

31-Jul-13

7.43

7.98

7.31

7.90

95,614,120

 

28-Jun-13

7.92

8.40

6.99

7.34

166,365,051

 

31-May-13

6.47

8.00

6.03

7.87

137,319,482

 

30-Apr-13

6.97

6.99

5.89

6.47

106,794,610

 

28-Mar-13

6.72

7.10

6.26

6.96

95,156,613

 

28-Feb-13

6.86

7.46

6.07

6.81

139,607,198

 

31-Jan-13

6.70

7.15

6.52

6.70

141,155,974

 

31-Dec-12

5.63

6.57

5.32

6.55

108,525,267

 

30-Nov-12

4.66

5.68

4.37

5.59

110,456,137

 

31-Oct-12

5.27

5.40

4.42

4.67

120,168,854

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.57

UK Pound

1

Rs.100.62

Euro

1

Rs.84.62

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.