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.

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

To: Kayaker who wrote (494)	2/23/1998 4:13:00 PM
From: Ski	Read Replies (1) \| Respond to of 5927

Analyst summary in a Dow Jones Report: Ski ------------------------- =Other Analysts Boost ATI Technologies Earnings Forecasts By Scott Adams TORONTO (Dow Jones)--A Research Capital Corp. analyst raised his earnings estimate on ATI Technologies Inc. (T.ATY) last week, and analysts at other firms are following suit Monday, helping to propel the computer graphics chip maker's stock to greater heights. Earlier Monday, CIBC Wood Gundy Securities Inc. analyst Todd Coupland raised his fiscal 1998 earnings estimate for ATI to C$2.30 a diluted share, from his previous estimate of C$2. He also raised his fiscal 1999 estimate to C$2.80 a diluted share, from the previous estimate of C$2.50. As a result, Coupland also boosted his 12-month stock price target to C$60 to C$65, from his previous target of C$55 to C$60. ATI earned 73 Canadian cents a diluted share in the first quarter ended Nov. 30, 1997. Other analysts are also known to have boosted their estimates in the past few days. On Monday, Research Capital's Brian Antonen said he's now looking for ATI to earn C$3.09 a diluted share in fiscal 1999, up from his previous estimate of C$2.75. Antonen raised his fiscal 1998 earnings estimate to C$2.36 a diluted share, from his previous estimate of C$2 a diluted share. His 12-month price target now stands at C$65, up from his previous target of C$60. Antonen told Dow Jones last Thursday that he'd boosted his estimates after seeing strong fourth-quarter results from Dell Computer Corp. (DELL), one of ATI's big customers. Dell's results were helped by strong European sales. Monday, Coupland told Dow Jones that also expects to see more chip design wins from ATI, and for ATI's original equipment manufacturer customers to continue to report strong personal computer sales. Monday in Toronto, ATI shares have climbed 1.65 to 47.00, beyond their previous 52-week high of 45.35. -By Scott Adams; 416-943-7800 (END) DOW JONES NEWS 02-23-98 11:32 AM Copyright 1998 Dow Jones & Company, Inc.