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

To: Marc who wrote (3043)	4/8/1999 10:50:00 AM
From: Marc	Respond to of 5927

ATI Technologies 2nd-Qtr Profit Rises 45% to 18c-Shr (Update1) ATI Technologies 2nd-Qtr Profit Rises 45% to 18c-Shr (Update1) (Adds analyst comment, details, stock price.) Thornhill, Ontario, April 8 (Bloomberg) -- ATI Technologies Inc.'s fiscal second-quarter profit rose 45 percent, beating expectations, as the No. 1 maker of 3D graphics cards for personal computers expanded its product line and market share. Profit from operations rose to US$39 million, or 18 cents a share, for the period ended Feb. 28, from net income of US$27 million, or 13 cents, adjusted for a 4-for-1 stock split a year earlier. The company was expected to earn 16 cents, the average estimate of analysts from First Call Corp. Revenue rose 63 percent to US$297.2 million from US$182 million a year ago. ATI has captured 30 percent of the market for devices that enhance graphics on PCs, as competitors dwindled to about nine from almost 30 four years ago. The company counts big PC makers Dell Computer Corp. and Gateway 2000 Inc. among its customers. ''They had strong (graphics) board sales and good acceptance of their new products,'' said Byron Berry, a Yorkton Securities analyst, who rates ATI a ''strong buy.'' ATI fell C$1.1 to C$23.9 in early trading. In addition to strong graphics chips sales for desktop PCs, the company said it increased sales in the notebook PC market, particularly to No. 1 PC maker, Compaq Computer Corp. ATI's products can now be found in all models of Compaq's notebooks, the company said, and in eight of the top 10 notebook PC makers. Including a charge of US$17.3 million, or 8 cents a share, related to its acquisition last year of Chromatic Research Inc., the company reported net income of US$21.7 million or 10 cents. There were no charges or gains in the year-ago quarter.