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Wednesday, Apr 11
2012, 9:19 AM
Needham's Rajvindra Gill slashes his Q2 estimates for Atmel (ATML) due to concerns about...
Needham's Rajvindra Gill slashes his Q2 estimates for Atmel (ATML) due to concerns about "ongoing excess inventory" for microcontrollers used in industrial products (possibly a negative for other microcontroller vendors, such as MCHP and FSL), as well as soft demand for ARM-based (ARMH) microcontrollers and an ongoing inventory overhang for Android tablets. However, Gill is optimistic about the impact of Windows 8 hardware on 2H sales.