Atmel Corporation (ATML) is expected to release its Q3:FY08 results on Oct. 29. Earlier, the company reported Q2:FY08 revenues of $420.9 million, up 4.1% y/y and up 2.4% q/q. Microcontrollers posted record revenues of $143 million and the ASIC segment posted revenues of $121 million.Recently, Microchip, Inc. (MCHP) and ON Semiconductor (ONNN) announced an unsolicited offer to acquire ATML for $5/share in cash. The offer represents a 52.4% premium to Oct. 2 closing price, and values ATML at $2.3 billion. The deal is led by MCHP, with ONNN acquiring the NVM and RF/Auto businesses. MCHP plans to sell Atmel's ASIC business together with the French fab to a third party. Going forward, management expects revenues to be down 3% 7% in Q3:FY08, due to onetime revenue adjustment. Excluding these adjustments, Q3 organic revenue guidance is for up 1% to 4% sequentially. We ...

Stock Screen: Low Price, High STARS

S&P’s latest list has five attractive names with a share price under $10—and a strong buy ranking from its equity analysts

Track these picks at:

http://trackthepros.com/stocks/category/1705

and start tracking the category so you can be updated about the performance.

According to S&P, the idea is that even a small appreciation (in dollar terms) can translate into a big increase (in percentage terms) with a low-priced stock. For example, when a $10 stock rises by $1, it’s a 10% gain.

By contrast, when a $100 stock gains $1, it’s only up 1%. For the purposes of this week’s screen, they defined “low-priced” as any stock with a current price of less than $10, and five stocks had 5-STARS (strong buy) rankings from Standard & Poor’s equity analysts.

Not surprisingly, the upside potential for these stocks, as calculated using S&P analysts’ target prices, averages 43%—even though the target prices

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