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Technology Stocks : ATI Technologies in 1997 (T.ATY) -- Ignore unavailable to you. Want to Upgrade?

To: SBHX who wrote (3824)	7/28/1999 1:38:00 PM
From: Marc	Respond to of 5927

Again from ML comments ATY — Comments on General Instrument July 23, 1999 The attached document should be of interest to ATY investors. (Specifically the estimate of units to be sold in GI's DCT-5000 set top box, which contains ATY chips). Tim Long in NY is now estimating 500,000 units in CY99 and about 2.5 million in 2000. This translates into about $12.5 million for ATY in C99 and $60 million in C00. This certainly supports our modeling of the set-top revenue. Tom Astle General Instrument Digital Set Top Boxes Exceed Expectations þ Fundamental Highlights The company shipped 840,000 digital set-top boxes in the quarter, up from 800,000 in the previous quarter. We expect GIC to increase shipments by 70% to 3.4 million in 1999. The outlook for the company's digital set-top box, cable modem, and transmission businesses remains positive. We have increased confidence in our revenue growth estimate of 23% and our EPS growth of 25% in 2000. Tim Long, Mike Ching July 22, 1999 ATY: Broadcom Comment on Set-Top Boxes ATY investors should have some interest on our comments on Broadcom and in particular on its set-top box business: “Growing more slowly this quarter were revenues from the set-top box business — although we believe the group was up sequentially in dollar and revenue terms, to $43.1 million, sales to General Instrument declined sequentially by about 9%. We expect growth to resume with the ramp of GIC's upcoming DCT5000, however, and note that Broadcom's silicon content in that box will be higher than the content in the currently shipping DCT2000”. The two companies are far from directly comparable but we will still point out that BRCM is trading at a cheap 126 times our 2000 estimate and this compares to ATY's under 20 times.

To: SBHX who wrote (3824)	7/28/1999 1:57:00 PM
From: Sleeperz	Respond to of 5927

You betcha. Its all about selling the company. I figure SIII made a top when they start hyping valuations of the part of the FAB they own. Now why did ATI, not do the same thing? As I said all along, the rumblings of S3 penetration into the tier-1 oems are suspect, anyone who looks carefully into S3's results with some math, would have realized by now that S3's Ken Potashner is one hell of an incredible salesman. Yet, this stock continues to be hammered by all sorts of outlandish theories and rumours by various short sellers throughout the web.