Atmel Corporation (ATML) featured company in Wall Street Transcript

August 23, 2010

undefined Steven Laub, President and CEO of Atmel Corporation (ATML), talked to the Wall Street Transcript about his company Atmel Corporation Click here to read the complete interview.

TWST: Please begin with a brief historical sketch of Atmel Corporation and a summary of what’s going on now.

Mr. Laub: Historically, Atmel® was focused primarily on memory products, particularly flash memory. Its growth from the mid-1980s through the late 1990s was primarily from memory products. The company began a very substantial business and product diversification as it pursued new growth drivers. I joined the company as President and CEO in August of 2006, and we dramatically changed our strategy at that time to focus on a few core product lines. Specifically, we began to focus on microcontroller and microcontroller-related technologies as the core business for the company. This led us to exit approximately 15 different businesses and product lines between early 2007 and the current time frame. We have also moved away from commodity markets and are now focused on more proprietary product markets to raise the growth rate and profitability of the company. A major impact of that is now being demonstrated in our financial results, as illustrated in the Q2 2010 financials that were just published on Aug. 4, 2010.