SAN JOSE --Atmel Corp. today said its first-quarter revenues would be $525 million--nearly 9% lower than sales in the fourth quarter of 2000--and it predicted that Q2 sales will fall slightly, but the company also predicted that sequential growth would resume in second half of 2001.
Atmel said its earnings for the first quarter to be about $0.12 per share, which is lower than Wall Street's consensus of $0.16 per share, according to First Call/Thomson Financial.
"Given the current business environment, we believe that Q2 sales will be slightly lower on a sequential basis, in the mid-single digit range," said George Perlegos, president and CEO of Atmel. "However, with our broad product portfolio, we believe that growth in our business should resume for Q3 and Q4 of 2001," he predicted.
