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#1
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Atmel looks to be out of control:

http://www.eet.com/news/latest/s...

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As long as they keep on making the chips......:-)

John Samperi

Ampertronics Pty. Ltd.

www.ampertronics.com.au

* Electronic Design * Custom Products * Contract Assembly

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This worrys me.
I'm spending all this time learning everything about atmel stuff and what if they go belly-up :(

I already have lots of PIC stuff gathering dust...I'd hate to add my atmel gear to that pile .

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They won't go belly up, but they might get bought by someone who can make a profit selling all those AVRs. Atmel has had a hard time doing that.

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ScottKroeger wrote:
They won't go belly up, but they might get bought by someone who can make a profit selling all those AVRs. Atmel has had a hard time doing that.

their stock is practically in the toilet (certainly if you are looking for dividends last time I looked) and now the board fight will probably drive it even further in the ground.....if the investors spilt they will be in trouble!
AVR's will continue to be around but maybe the logo will change to a Dragon? :twisted:

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Gwen wrote:
This worrys me.
I'm spending all this time learning everything about atmel stuff and what if they go belly-up :(

I already have lots of PIC stuff gathering dust...I'd hate to add my atmel gear to that pile .

do not worry Gwen every engineer has to learn new micos all the time for whatever reason..just be open to new micros and don't get a particular vendor tattooed on your eye lids...flexibilty is a key to a successful career in electonics. :roll:

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Now please, it is too early for lamentations! They'll get over that, one way or another.

The Dark Boxes are coming.

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Here in Australia, one financial advice letter reported it as...

"Atmel gained 22 cents (4.7%) to $4.89. The semiconductor maker said it fired four senior executives, including longtime Chief Executive George Perlegos, following an investigation into allegations regarding the "misuse of corporate travel funds."

Maybe "they are a buy" now .

Ross McKenzie ValuSoft Melbourne Australia

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Quote:
fired four senior executives, including longtime Chief Executive George Perlegos

I think that is the company founder?

Quote:
Maybe "they are a buy" now

Maybe so...makes no matter to me who actually makes the AVR chip be it Atmel, Moto/Freescale, or Microchip as long as its available!

I am ducking now!!!!!! :lol: :lol: :lol:

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Always a shame when the founder(s) is/are ousted by the owners.

  • "Give me six hours to chop down a tree and I will spend the first four sharpening the axe."  -- Abraham Lincoln
  • "All right wise guy, where am I?"   -- Daffy Duck
  • "Well, we're safe for now. Thank goodness we're in a bowling alley."  -- Big Bob, Pleasantville
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especilly if he owns preferred stock or a large mass of options...selling to an unfriendly suitor!

if he did and depending on the percentage/value/voting stock or not that would be a pretty strategic move if Microchip or Moto/Freescale called him and said "lets make a deal" and you will be back on the board pretty darn quick! Nobody like competitors owning your preferred or voting stock!

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We just hired an engineer from Atmel. Her opinion (which of course she claims was widely held by others) was that George was a nut-case and was driving the company into the ground. Perhaps with him gone things will get better for a change! (Glass is half full kinda guy I guess...)

Go electric!
Happy electric car owner / builder

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Wow, talk about one heck of a bad way to start the day - I shouldn't have read this before I went to school this morning. Here's to hoping it all gets better. If Atmel does get bought out, lets hope the new owners retain the AVR line complete with its second-to-none support.

- Dean :twisted:

PS: I wonder if all the free gear the keep sending me has anything to do with the failing profits? :P :?

Make Atmel Studio better with my free extensions. Open source and feedback welcome!

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Quote:
Always a shame when the founder(s) is/are ousted by the owners.

I must vigorously disagree. You have obviously never had the opportunity to work at a start-up where the two key founders had a combined emotional age of 6. Everybody would have been much better off if the board (4 VC's) had acted sooner rather than later. I used to think like you do, but after that experience, I consider mutiny to be one of the best options. If I ever am so unlucky again as to be employed by a nut case (and please, no snide comments about my being self-employed...) I will be the first to salute the firing squad.

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abcminiuser wrote:

PS: I wonder if all the free gear the keep sending me has anything to do with the failing profits? :P :?

Now we know who to blaim!!!

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dbc wrote:
You have obviously never had the opportunity to work at a start-up where the two key founders had a combined emotional age of 6.

Well, now that you mention it... heh heh. I have been in that situation and got out as quickly as possible. But it was only one owner whose emotional age was 4 (so maybe I had it a little better :wink: ). Right after my departure the money folks came in and began disbanding the operation (not that my leaving was a catalyst, several others followed suit so is was apparent something was up). Ahhh, the pre-dot-bomb daze.

My original comment was somewhat tongue-in-cheek. If the founder were truly the owner, in spirit if not on paper, the threat would be diminished greatly.

r/S

  • "Give me six hours to chop down a tree and I will spend the first four sharpening the axe."  -- Abraham Lincoln
  • "All right wise guy, where am I?"   -- Daffy Duck
  • "Well, we're safe for now. Thank goodness we're in a bowling alley."  -- Big Bob, Pleasantville
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abcminiuser wrote:

PS: I wonder if all the free gear the(y) keep sending me has anything to do with the failing profits? :P :?

No Dean. It has been because of "misuse of corporate travel funds." Then again, did they deliver it personally at your Gold Coast Resort address and then stayed around for a week in the sun while you unwrapped the package?

Ross

Ross McKenzie ValuSoft Melbourne Australia

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http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=atml&script=2200

they have changed the website already...notice who's missing...his bio was there a few weeks ago when I looked..it looks like they have done a major "erase/cleaning" job on some other pages also .....

My guess is this is going to get real ugly before it gets better! When the lawyers get involved nobody wins!

while it may be premature it may be interesting to look at potential suitors websites to see if their financial sheets indicate they have the cash/credit to buy it

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" .. misuse of travel funds .." sounds like a handy excuse. It can be tough at the top. Maybe questions have been asked about the R&D expenditure on the AVR32, following a critical review of its market prospects in an ARM-shaped world. I'm sure Atmel will survive and prosper.

On the subject of founders being ousted, I recommend this excellent book I just read -

Here's a link to it on Amazon

It's a "Whatever Happened To ..." book. Chapman explains how the household names of the 1980s (MicroPro, Lotus, Aston-Tate, Borland, etc) snatched defeat from the jaws of victory and either vanished or became insignificant by 2001, some by insane marketing decisions and others through megalomania on the part of their founders. It's a story written in blood - the blood of top management. Amazing stuff. Everyone can learn something from it. Hopefully Atmel won't feature in the 2020 edition.

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valusoft wrote:
abcminiuser wrote:

PS: I wonder if all the free gear the(y) keep sending me has anything to do with the failing profits? :P :?

No Dean. It has been because of "misuse of corporate travel funds." Then again, did they deliver it personally at your Gold Coast Resort address and then stayed around for a week in the sun while you unwrapped the package?

Ross

Not quite a resort here, but I do get excellent food!

No hand delivery on a silver/gold/PIC platter I'm afraid, but my packages themselves do seem to take their own holidays around Europe! Perhaps THAT's what's caused all the kerfuffle! ;)

- Dean :twisted:

Make Atmel Studio better with my free extensions. Open source and feedback welcome!

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depending on how you feel about lawyers and bean counters the new head of Atmel Laub is both and not a tech guy according to the bio....actually a VC in disguise maybe......all the marketing spin and crap aside they usually only think one way..run stock up and sell OR just sell!
I wish I could find more info on Atmel's fabs,wanted to see just how close to fabless they are since they were trying to sell one recently..

thanks for the link Peret..I will check the library for a copy..need something to read that does not have a schematic in it sometimes!

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peret wrote:
" .. misuse of travel funds .." sounds like a handy excuse. It can be tough at the top. .

As one who's endured 7 "mergers or acquisitions"... I agree that "misue of travel funds" is a cover. Probably for an ego tug-of-war on the board.

I don't know, but I've assumed that AVR chip revenue was tiny at Atmel, relative to the other product lines.

So let the speculation begin... some company in Europe

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bluegoo wrote:
...and don't get a particular vendor tattooed on your eye lids...

Uh oh. I had the attached done last week :?. While not on my eyelids, was this a bad idea?

- Dean :twisted:

Attachment(s): 

Make Atmel Studio better with my free extensions. Open source and feedback welcome!

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Hahahahahahahahahaha!

The Dark Boxes are coming.

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if they are going to get back on tracks it wouldn't be a bad idea to buy some of the atmel shares now

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abcminiuser wrote:
bluegoo wrote:
...and don't get a particular vendor tattooed on your eye lids...

Uh oh. I had the attached done last week :?. While not on my eyelids, was this a bad idea?

- Dean :twisted:


nice tattoo Dean.... :lol: not sure if you ever read the "Illustrated Man" or saw the movie...but some day you might be able to show all the semi vendors you have worked for on your arm, sort of like the old tourist days when people put stickers on there luggage indicating every country they traveled to!
naaahh not a problem..not since they can remove them now with a laser!.....then again if it had just been AVR instead of Atmel, I do not think you would have to change it since it could be made by any vendor!...

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mpopov23 wrote:
if they are going to get back on tracks it wouldn't be a bad idea to buy some of the atmel shares now

me thinks not with a 52 week low of $1.98 and the legal battle just beginning

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SteveN wrote:
Quote:
So let the speculation begin... some company in Europe

(assuming you were speaking to who might buy Atmel) My raffle choice goes with a company from China :-)

my bet would be on Philips,Infineon (Siemens), or Microchip..all have the money and the credit, shiny new fabs and somewhat aging (but good) embedded micro familys...... also looking at the Bluechip Customer companies Atmel lists on their website, many are semi vendors and large enough that they could practically buy Atmel and not even flinch financially!!!
after all who wouldn't like to buy a bunch of Freaks :twisted:

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Quote:
they usually only think one way..run stock up and sell OR just sell!

Not a problem unique to VCs. When you pay top executives mainly in stock, guess what becomes their biggest priority? From a stockholder's point of view that may not be a bad thing in the short term, but stock-inflating policies are bad for business in the long term. I personally believe management remuneration should be more tightly linked to asset growth by strictly limiting executive stock options. Of course, if the stock value falls below the asset value you may get bought out and asset-stripped, so that's bad for business too.

Drifting gently off topic, why is it that when my boss' take-home pay quadruples in five years that's wealth creation, but when I want a 10% cost of living raise that's inflationary?

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Quote:

Drifting gently off topic, why is it that when my boss' take-home pay quadruples in five years that's wealth creation

A large insurance company based in Sweden had a bonus/incentive program for upper management. It was called... Wealth Builder. :roll:

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For the common folks, wealth is appreciation in net worth on paper, as pending IRS payments.

I sure hope Atmel doesn't get acquired and become party to one of those merger/acquisition love-ins which become a corprorate genocide. Atmel has some very talented designers.

Last Edited: Tue. Aug 8, 2006 - 08:18 PM
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peret....
I did a search on my library's site for the book you recommended previously in the thread....I thought the results were somewhat interesting for the book "In Search Of Stupidity"
:lol:

In adddition to Teachers and Presidents it appears Texas governors were singled out..hmmmm I wonder why? :twisted:

Attachment(s): 

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I doubt if anyone would buy Atmel for it's micro line. Atmel's original strength was in its flash technology but I'm not sure how strong they are in this market now.

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Didn't Atmel sell a zillion AVRs into set top boxes for satellite TV? I suppose that's all over.

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Just occurred to me to check the status of my back-ordered Dragon and Butterfly! Neither have been delayed any longer due to this (fingers crossed).

r/S

  • "Give me six hours to chop down a tree and I will spend the first four sharpening the axe."  -- Abraham Lincoln
  • "All right wise guy, where am I?"   -- Daffy Duck
  • "Well, we're safe for now. Thank goodness we're in a bowling alley."  -- Big Bob, Pleasantville
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A typical document, which tells absolutely nothing.

Thank you for thieving me time.

Peter

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um, you're welcome? :|

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From the selected fincial information released by Atmel for the previous quarter:

Quote:
"During the second quarter, our proprietary AVR(R) microcontroller revenues grew 26% over the first quarter of 2006 ..."

No wonder AVR stocks at the distis are spotty.

Lee

You can put lipstick on a pig, but it is still a pig.

I've never met a pig I didn't like, as long as you have some salt and pepper.