Pacific Crest slightly more cautious near-term on Atmel

theflyonthewall.com

Pacific Crest is slightly more cautions on Atmel near-term given supply chain checks that indicate bottlenecks will limit uptake of touch penetration in PC notebooks to 11-12% in 2013 vs. prior expectations of 20%. Longer-term, the firm continues to see a significant revenue ramp and maintains its Outperform rating.

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