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ATI ouch!!!
Anybody catch this little tidbit. Not a good day for the OTHER independent, privately owned, Canadian graphics company:
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ATI's previous predictions of revenue shortfalls and losses for its third quarter proved accurate today when the 3D graphics market leader posted "unacceptable" financial results for the three months to 31 May.
In the event, revenues were not down significantly. The quarter's sales of $288.2 million represents a fall of just 4.6 per cent from the $302 million ATI recorded for the same period last year.
ATI's loss, however, hit $23.1 million, well down on last year's $35.9 million profit. That amounts to a loss of ten cents a share - rather higher than the 6-7 cents a share the company had predicted.
And if you factor in the cost of ATI's acquisition of graphics chip developer ArtX ($20.3 million) and other charges and costs, the company's loss widens to $128.8 million, or 58 cents a share. For the same period last year, the company recorded income of $18.6 million after charges.
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Mark F.
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OH NO, my retractable cup holder swallowed a DVD...
and burped out a movie
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ATI's previous predictions of revenue shortfalls and losses for its third quarter proved accurate today when the 3D graphics market leader posted "unacceptable" financial results for the three months to 31 May.
In the event, revenues were not down significantly. The quarter's sales of $288.2 million represents a fall of just 4.6 per cent from the $302 million ATI recorded for the same period last year.
ATI's loss, however, hit $23.1 million, well down on last year's $35.9 million profit. That amounts to a loss of ten cents a share - rather higher than the 6-7 cents a share the company had predicted.
And if you factor in the cost of ATI's acquisition of graphics chip developer ArtX ($20.3 million) and other charges and costs, the company's loss widens to $128.8 million, or 58 cents a share. For the same period last year, the company recorded income of $18.6 million after charges.
--------------------------------------
Mark F.
------------------
OH NO, my retractable cup holder swallowed a DVD...
and burped out a movie