Needham's Rajvindra Gill slashes his Q2 estimates for Atmel (ATML) due to concerns about...

|About: Atmel Corporation (ATML)|By:, SA News Editor

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.