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

To: Marc who wrote (3373)	5/10/1999 5:35:00 PM
From: Marc	Read Replies (1) \| Respond to of 5927

ATI Sells Equity Ownership In UICC Foundry TORONTO (May 10) BUSINESS WIRE -May 10, 1999--ATI Technologies Inc. (TSE:ATY, NASDAQ: ATYT), the world leader in 3D graphics/video acceleration and multimedia solutions, today announced that the Company completed an agreement with United Microelectronics Corporation (UMC) to sell approximately 69.8 million common shares of United Integrated Circuits Corporation (UICC), a semiconductor manufacturing facility located in Taiwan, to UMC. The sale represents the entirety of ATI's 4.7 percent equity interest in UICC at cost. ATI remains committed to a multisourcing strategy and currently utilizes the foundries of United Semiconductor Corporation (USC) and Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) to produce its products. The Company has secured ample capacity to fulfill current demand from these facilities, in addition to additional allocations for any increases in its requirements should this materialize.