5 posts and columns on Microchip

Voices

One Tech Stock Outlook

in News on April 15, 2009 at 11:27 am PT

Intel reported stronger-than-expected earnings and said that it believed the slumping computer sales market had “bottomed out.” Wall Street’s response: Sell ‘em. The chip giant’s shares are off four percent, dragging on the Nasdaq Composite and raising some questions about the tech sector generally. This bout of pessimism is probably a bit overdone and reflects more what’s happened in the past few months than what happened yesterday.

Voices

ON, Microchip, Jointly Offer $5 Per Share to Buy Atmel; Shares of Both Suitors Tumble; Atmel Set to Soar

in News on October 2, 2008 at 9:26 am PT

Microchip (MCHP) and ON Semiconductor (ONNN) made a joint unsolicited bid to acquire Atmel (ATML) today for $5 a share in cash. The deal values Atmel at $2.3 billion. In a letter to Atmel yesterday–which was released today by Microchip and ON Semi–the two companies says they were “deeply disappointed” that Atmel’s board “appears unwilling to consider a transaction at this time, under any circumstances.”

Voices

Microchip Shares Headed Lower on J.P. Morgan Downgrade

in News on June 11, 2008 at 8:24 am PT

Microchip (MCHP) shares are headed lower in early trading after J.P. Morgan semiconductor analyst Christopher Danely cut his rating on the stock to Neutral from Overweight. In a research note, Danely says that the move reflects “a slowdown in the Chinese consumer end market and the stock’s high valuation.”