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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (1555)	3/1/2001 7:36:42 AM
From: Michael Watkins	Read Replies (1) \| Respond to of 52237

At least there have been some memorable commercials out the mania! ATI Warns: ATI Technologies revises earnings, revenue guidance 3/1/01 7:35 AM ET Softness in PC market and one-time higher costs cited for expected shortfall MARKHAM, ON, March 1 /PRNewswire/ - ATI Technologies Inc. (TSE:ATY, NASDAQ:ATYT), a world leader in the supply of graphics, video and multimedia solutions, announced today that it expects revenue for its second fiscal quarter ending February 28, 2001, will be about (US) $230 million - below guidance estimates given by the Company in its news release of January 11, 2001. The revised revenue estimate is largely a result of weaker personal computer sales worldwide. ATI expects to report an adjusted net loss of between (US) $ .11 and (US) $ .13 cents-per-share when it releases second quarter earnings on March 28, 2001. The Company cites lower revenue and a one-time higher cost for memory as the primary reasons for the shortfall in earnings. Net income (before adjustments) for the quarter is expected to be about break-even. ATI's balance sheet and cash position remain strong as it continues to reduce inventory. ATI expects modest revenue growth in the third quarter which, coupled with some margin improvement and continued emphasis on expense reduction, will move adjusted net income back toward break-even. "We expect to see an improvement in our business outlook by the end of the calendar year as new products are introduced and assuming the PC market strengthens," said Terry Nickerson, Vice President Chief Financial Officer, ATI Technologies Inc. ATI remains confident about the potential for continued growth in its current markets as well as new and developing markets, including the consumer electronics business. ATI will host a conference call today to discuss its revised guidance for the second quarter and future outlook at 10:00 a.m. EST. To participate in the conference call, please dial (416) 695-5806 ten minutes before the scheduled start of the call. A live webcast will also be available at: newsire.ca