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

To: Marc who wrote (3009)	4/6/1999 4:01:00 PM
From: Marc	Read Replies (1) \| Respond to of 5927

Did someone said "i think it will close up 1$ at least", ;-), i think that the reason for the stock price drop must be this : ======= ATI Technologies Maintained 'Buy' at Sprott Securities Toronto, April 6 (Bloomberg Data) -- ATI Technologies Inc. (ATY CN) was maintained ''buy'' by analyst Susan Streeter at Sprott Securities. The 12-month target price is C$30.00 per share. ========= ATI Technologies Maintained 'Buy' at Research Capital Toronto, April 6 (Bloomberg Data) -- ATI Technologies Inc. (ATY CN) was maintained ''buy'' by analyst Brian Antonen at Research Capital Corp.. The 12-month target price is US$23.00 per share. ========== Seriously it's probably the S3 interview done by Bloomberg regarding the future of S3, which have been saying for years that they will get back ATI market share, why is it always the same news rewritten in new way when they talk of the 3D market it's always the same news . ==>> S3 was the graphics-chip ''leader when the company mis- executed'' its strategy 18 months ago and couldn't finish a new line of graphics chip on time, the chairman said. ''We handed the business'' to ATI Technologies Inc. of Canada, now the market leader. <bla bla bla> To try to dislodge ATI, S3 today announced an agreement with Via Technologies Inc. of Taiwan, a developer of logic chips. S3 expects to develop a smaller, more powerful chip incorporating Via's designs this year. S3 has also agreed to sell chips through Creative Technology Ltd. of Singapore, the No. 1 shipper of PC audio cards. S3 is expected to lose 33 cents a share in the quarter ended March 31, the average estimate of four analysts surveyed by First Call Corp. Estimates ranged from 29 cents to 37 cents. Potashner declined to comment on the estimates, except to say his strategy, as well as charges taken last year, ''brought the break-even point down quite dramatically.'' S3 lost $113.2 million, or $2.22 a share, last year, compared with 1997 earnings of $8.8 million, or 17 cents. Revenue fell 49 percent to $224.6 million. =====>> MArc