Posted by: jhamon | August 5, 2010

Another Big ARES Winner: ATML

Atmel Corporation (Nasdaq: ATML) also took off today, rising 16% after posting revenue that surpassed analyst expectations.  We’ve gained 21.3% in ATML since we bought it just a couple weeks ago.


ATML takes off

Color commentary courtesy of www.stockmister.com:

Atmel Corporation (NASDAQ:ATML) surged 15.99% to $6.02, a day after the chip maker reported better-than-expected earnings. Atmel posted a wider loss, but its adjusted earnings of 11 cents a share beat Wall Street estimates. The company’s revenue also jumped 38% year-over-year to $393.4 million.

Atmel Corporation designs, develops, manufacture and sells a range of semiconductor integrated circuit (IC) products and touch solutions. Its products consist primarily of microcontrollers, advanced logic, mixed-signal, nonvolatile memory, radio frequency (RF) and system-level integration semiconductor solutions.

We might offer a stock advisory service to provide picks like this to private subscribers.  Drop us a line, info@fractalbox.com, if interested.

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