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Atmel Corp Raises Low end of Prior Q1 2013 Revenue Guidance To A Range In Line With Analysts' Estimates; Appoints Steve Skaggs As Interim Chief Financial Officer

Tuesday, 2 Apr 2013 04:01pm EDT 

Atmel Corp announced that it has raised the lower end of its previously announced guidance range for the first quarter of 2013 revenues to $318 million to $328 million from the prior range of $311 million to $328 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $321 million for the first quarter of 2013. The company also announced that Steve Skaggs , who currently serves as Atmel's Senior Vice President of Corporate Strategy & Development, has also been appointed interim Chief Financial Officer (CFO) of Atmel, effective immediately. This appointment follows Stephen Cumming 's decision to resign as Atmel's Vice President of Finance and Chief Financial Officer (CFO). 

Company Quote

0.165 +1.82%
4:00pm EDT