- After spending most of the day down modestly, Atmel (NASDAQ:ATML) has fallen sharply over the last 15 minutes on strong volume.
- No news has hit the wires yet. Atmel is 5 weeks removed from striking a cash/stock deal to be acquired by U.K. chipmaker Dialog Semi. Dialog posted a Q3 miss and issued soft guidance on Monday; Atmel delivered a revenue miss and soft guidance on Wednesday (several peers are in the same boat).
- Update (4:52PM ET): Shareholder advisory firm ISS has reportedly come out against the Dialog/Atmel deal.