The analyst also cut his rating on Atmel (ATML) to Outperform from Strong Buy on a valuation basis.

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Last evening, after the close of another Greek debt crisis related stock market drubbing, Atmel Corporation ( ATML) reported quarterly results.

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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.

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Intersil (nasdaq: ISIL - news - people ), a wireless networker, and chipmaker Atmel (nasdaq: ATML - news - people ) are also buys at current prices.

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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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