Opportunity is not the problem for Atmel (ATML).
There are multiple growth avenues for the company's large
microcontroller business, not the least of which is the Internet of
Things (or IoT) opportunity. There is also still an opportunity for
Atmel to make good on the potential of XSense, participate in auto
market growth, and continue to wring cash from its memory business.
The
problem is execution. The company's touch business, and XSense in
particular, haven't developed as hoped and the company has more of a
recent history of promising rather than delivering. The potential is
there to take this stock to $10 (or higher), and management compensation
appears aligned with investor interests, but Wall Street seems to be
sliding into a "show me" skepticism with this company and this stock.
Read the full article here:
Atmel Now An Execution Story
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