Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Tom Hua who wrote (6655)	3/1/2001 12:59:09 PM
From: chris431	Read Replies (1) \| Respond to of 19633

This probably hasn't helped NVDA. biz.yahoo.com Thursday March 1, 7:32 am Eastern Time Press Release SOURCE: ATI Technologies Inc. ATI Technologies revises earnings, revenue guidance 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. Company Background Founded in 1985, ATI Technologies Inc. is a world leader in the supply of graphics, video and multimedia solutions for personal computer and MAC platforms. As a pioneer, innovator and market leader in the graphics industry, ATI provides cutting-edge technologies for the PC, set-top box, e-appliance and game console markets. The Company has more than 1,900 employees supporting customers from its headquarters in Markham, Ontario, Canada, as well as from offices in Barbados, France, Germany, Hong Kong, Ireland, Japan, Malaysia and the United States. ATI common shares trade on NASDAQ (ATYT) and the Toronto Stock Exchange (ATY). This press release contains forward-looking statements that involve risks and uncertainties. Actual results may be materially different from those contained in such forward-looking statements. The markets for the Company's products are characterized by rapidly changing technology, evolving industry standards, frequent new product introductions, emerging competitors and significant price competition. In the event that the Company is unsuccessful in identifying, developing, manufacturing or marketing new products or enhancing its existing products or maintaining its historic prices or margins, its operating results will be adversely affected. Additional information concerning factors that could cause actual results to materially differ from those in such forward-looking statements is contained in the Company's filings with securities regulatory authorities. ATI disclaims any obligation or intention to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Copyright 2001 ATI Technologies Inc. All rights reserved. ATI and ATI product and product feature names are trademarks and/or registered trademarks of ATI Technologies Inc. All other company and product names are trademarks and/or registered trademarks of their respective owners. Features, pricing, availability and specifications are subject to change without notice. SOURCE: ATI Technologies Inc.