International payment solution provider, Ingenico has recently
chosen Atmel Corporation's (
ATML
) maXTouch solution to power the wireless payment portals of its
iWL200 Series model. The company's maXTouch solutions continue to
drive a number of touch devices from smartphones to 7-inch tablets
and are now encouraged to support Ingenico's user-friendly payment
platforms.
Atmel's maXTouch are noted for their robust features such as
multi-touch with infinite touch capability, facility of providing
superior assistance to the large-screen devices and optimized power
consumption. Currently, Atmel's maXTouch mXT224 touch screen
technology is supporting Ingenico's globally accepted iWL280
portable payment terminal. This mXT224 controller offers a superior
touchscreen experience to the customers through its 224-node and
single-chip services.
Ingenico is recognized for offering the most distinguished
payment solutions worldwide which helped its clients to augment
their businesses in the future. Hence, Atmel is extremely eager to
build a long-term relationship with Ingenico through expanding its
touch-sensing market into new applications.
Earlier, Atmel had invested heavily in its Microcontroller
business during the downturn and released substantial number of new
products in the past few quarters, which will benefit the business
during industry recovery. The company grew its maXTouch revenue
sequentially during the first quarter. The launch of Microsoft's
new Windows 8 operating system is expected to usher in a new era of
touch-enabled tablets, ultrabooks, convertible PCs and all-in-one
PCs.
Even though Atmel globally established itself in the
micro-controller business, it should be aware of the tough
competition prevalent in the industry. Ominous rivals here
include AuthenTec, Inc. (
AUTH
) and Mellanox Technologies, Ltd. (
MLNX
), who are exhibiting striking results.
The current Zacks Consensus Estimates for Atmel are 4 cents
and 28 cents for the second quarter of 2012 and for fiscal 2012,
respectively. As the current macro-economic conditions continue to
be challenging, the company continues to have a Zacks #3 Rank,
which translates into a short-term 'Hold' rating. Nevertheless, in
the long run, we maintain a Neutral recommendation on the
stock.
ATMEL CORP (ATML): Free Stock Analysis Report
AUTHENTEC INC (AUTH): Free Stock Analysis
Report
MELLANOX TECH (MLNX): Free Stock Analysis
Report
To read this article on Zacks.com click here.
Zacks Investment
Research