Observos which combines an ATMEL microcontroller (with integrated wireless) with a host of on-board sensors.
It consists of two circular boards, each equipped with Atmel's ubiquitous ATmega32u4 and connected via ribbon cable.
Historically microcontroller firms such as Microchip, Atmel, stmicroelectronics and NEC have created their own architectures and design tools.
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The analyst also cut his rating on Atmel (ATML) to Outperform from Strong Buy on a valuation basis.
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Atmel shares took a hit in after-hours trading on disappointing Q3 results and a stark Q4 revenue warning.
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Last evening, after the close of another Greek debt crisis related stock market drubbing, Atmel Corporation ( ATML) reported quarterly results.
Atmel credited a record level of shipments for its microcontrollers, while Amkor said it still benefited from an exceptionally strong fourth quarter.
Atmel and Amkor Technology first quarter earnings both beat Wall Street's expectations.
Berger also cut his price targets today on Atmel, Fairchild, International Rectifier, LSI, Marvell, Maxim, Nvidia, ON Semi, Silicon Labs and Texas Instruments.
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The company continues to focus on investments to enhance its product line, and that is what sets it apart from competitors such as Renesas-NEC, Microchip and Atmel.
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Atmel (nasdaq: ATML - news - people ) and Amkor Technology (nasdaq: AMKR - news - people ) first quarter earnings both beat Wall Street's expectations.
As the popularity of interactive features move to smart phones, companies like Motorola and Atmel, which builds touch screen technology for smart phones, tablets and even television screens, move into focus for investors.
Intersil (nasdaq: ISIL - news - people ), a wireless networker, and chipmaker Atmel (nasdaq: ATML - news - people ) are also buys at current prices.
Even though Buckingham is a textbook value investor, many of his beaten-down tech names, such as Atmel (nasdaq: ATML - news - people ) and Genesis Microchip (nasdaq: GNSS - news - people ), have performed spectacularly during the rally.
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