UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
February 2, 2012
ATMEL CORPORATION
(Exact name of registrant as specified in its charter)
Delaware |
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0-19032 |
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77-0051991 |
(State or other jurisdiction of |
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(Commission File Number) |
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(IRS Employer |
2325 Orchard Parkway
San Jose, CA 95131
(Address of principal executive offices, including zip code)
(408) 441-0311
(Registrants telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.02. Results of Operations and Financial Condition.
On February 2, 2012, Atmel Corporation (Atmel or the Company) issued a press release discussing its preliminary revenues for the fourth quarter ended December 31, 2011. The press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
The information in this Current Report is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act) or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. |
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Description |
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99.1 |
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Press release, dated as of February 2, 2012, entitled Atmel Reports Preliminary 2011 Fourth Quarter Revenues. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Atmel Corporation |
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Date: February 2, 2012 |
By: |
/s/ Stephen Cumming |
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Stephen Cumming Vice President Finance and Chief Financial Officer |
Exhibit 99.1
®
NEWS RELEASE
Atmel Reports Preliminary 2011 Fourth Quarter Revenues
SAN JOSE, CA, February 2, 2012 Atmel® Corporation (Nasdaq: ATML), a leader in microcontroller and touch solutions, today announced that it expects 2011 fourth quarter revenues to be approximately $384 million, down 20% sequentially from the third quarter of 2011. The companys previous guidance indicated that revenue would decline sequentially in the range of 12% to 16% (or $403 million to $422 million). Q4 revenue was negatively affected by approximately $11 million as a result of rescheduling payments on a receivable related to an Asian distributor.
As we progressed through our year end closing process, we expected fourth quarter revenues of about $395 million, slightly below the previously announced range, said Stephen Cumming, Atmels Chief Financial Officer. At the lower revenue number of $384 million, which reflects the rescheduled payments, gross margin is expected to remain within previously announced guidance (48% +/- 0.5%).
As previously scheduled, the company will announce its fourth quarter and 2011 full year financial results on February 8, 2012, at which time the company will also provide updated guidance for the first quarter of 2012.
About Atmel
Atmel 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. © 2012 Atmel Corporation. Atmel®, Atmel logo and combinations thereof, and others are registered trademarks or trademarks of Atmel Corporation or its subsidiaries. Other terms and product names may be trademarks of others.
Atmel Corporation · 2325 Orchard Parkway · San Jose CA 95131 · Phone (408) 441-0311 · Fax (408) 487-2600
Safe Harbor for Forward-Looking Statements
Information in this release regarding Atmels preliminary estimates of its expected fourth quarter revenues are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All forward-looking statements included in this release are based upon information available to Atmel as of the date of this release, which may change. Stockholders should note that the company has not completed its audited financial statements for 2011, as of the date of this release, and that preliminary financial estimates of any nature may be affected by information reviewed during the audit process. Forward-looking statements are not guarantees of future performance and actual results could differ materially from our current expectations, including preliminary financial estimates of the type referred to in this release. Factors that could cause or contribute to such differences include risks detailed from time to time in Atmels SEC reports and filings, including our Form 10-K for the year ended December 31, 2010, filed on March 1, 2011, and our subsequent Form 10-Q reports. Atmel assumes no obligation and does not intend to update any forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Contact:
Peter Schuman
Director, Investor Relations
(408) 518-8426
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