TITLE

Atmel board pledges to maximize stockholder value

AUTHOR(S)
Taylor, Colleen
PUB. DATE
May 2007
SOURCE
Electronic News;5/14/2007, Vol. 53 Issue 20, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on an open letter from Atmel Corp. which highlights Chief Executive Officer George Perlegos' faults and promising to enact its own plan for increased profitability. The letter also pointed at the company's sale of its Texas manufacturing facility, as well as the sales of two Europe-based fabs, as the most recent evidence of its commitment to cutting Atmel's fat and upping the company's profitability.
ACCESSION #
25158558

 

Related Articles

  • Atmel moving in right direction but plans more cost base cuts. Manners, David // Electronics Weekly;8/30/2006, Issue 2255, p31 

    The article reports on Atmel Corp.'s efforts to maximize the profitability from strongly increasing revenues, despite a furore over the ousting of founder and former chief executive officer (CEO) George Perlegos and his brother Gust Perlegos. It is stated that Atmel will generate nearly $250m in...

  • Atmel Continues Cost Cutting on Q2 Loss.  // Electronic News;8/1/2005, Vol. 51 Issue 31, pN.PAG 

    Reports on the financial performance of semiconductor provider Atmel Corp. for the second quarter ended June 30, 2005. Net loss incurred by the company; Statement issued by George Perlegos, president and CEO of Atmel, regarding the cost cutting measures and outsourcing plan of the company;...

  • Atmel 2004 Results Mixed.  // Electronic News;2/7/2005, Vol. 51 Issue 6, pN.PAG 

    Presents the financial performance of electronic chip manufacturer Atmel as of 2004. Revenue of the company; Total net loss; Statement issued by George Perlegos, president and CEO of Atmel.

  • Atmel Ousts CEO, Other Execs.  // Electronic News;8/14/2006, Vol. 52 Issue 33, p3 

    The article reports on the decision of Atmel Corp.'s board of directors to dismissed its president and CEO George Perlegos and its executive vice president Gust Perlegos in 2006. The executives were dismissed after being involved with the misuse of corporate travel funds. The board has appointed...

  • Atmel board nominees change tactics as shareholder vote nears. Taylor, Colleen // Electronic News;5/14/2007, Vol. 53 Issue 20, p20 

    The article reports that the additions to Atmel Corp.'s board of directors nominated by ousted Chief Executive Officer (CEO) George Perlegos have changed their tactics in a move to up their chances of getting shareholder approval to gain control over the integrated circuit (IC) maker. Perlegos...

  • Atmel Up Over Last Year.  // Electronic News;11/1/2004, Vol. 50 Issue 44, pN.PAG 

    Reports on the financial results of advanced semiconductor maker Atmel for the third quarter of 2004. Net loss of the company; Remarks from George Perlegos, president of Atmel, on the different businesses of the company; Sales growth of the microcontroller business of the company.

  • Atmel Finds Material Weaknesses in Accounting, Inventory Controls.  // Electronic News;3/21/2005, Vol. 51 Issue 12, pN.PAG 

    Reports on the extension requested by Atmel Corp. for the filing of its annual financial report, as of April 2005. Material weaknesses identified in the firm's accounting system; Possible consequences of the deficiencies on Atmel's finances; Statement from Atmel president and CEO George...

  • Atmel Completes French Fab Sale.  // Electronic News;12/12/2005, Vol. 51 Issue 50, pN.PAG 

    The article reports that Silicon Valley chipmaker Atmel Corp. has sold its manufacturing facility and foundry business in Nantes, France to XbyBus in December 2005. It cites the plan of XbyBus for the facility. It also presents the views of George Perlegos, chairman and CEO of XbyBus, on the...

  • Atmel sells Texas fab for $38M. Taylor, Colleen // Electronic News;5/7/2007, Vol. 53 Issue 19, p29 

    The article reports that Atmel Corp. has sold its wafer fabrication facility in Irving, Texas for approximately $38 million in cash. The cost-cutting move comes just days after Atmel announced that it would pay some $125 million in compensation charges for the more than ten year history of...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics