Tuesday, July 26, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Seagate Releases First 2TB M.2 Enterprise SSD
Western Digital Announces First 64 Layer 3D NAND Technology
BlackBerry Unveils The DTEK50 Android Smartphone
Updated Google Maps Highlight Areas of Interest
Crucial Expands The MX300 SSD Line
Amazon To Start Testing Drone Deliveries In The UK Skies
Ritek To Start Bio-testing Optical Discs
Kingston UV400 SSD Released
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Graphics Cards > ATI Sha...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, July 11, 2005
ATI Shares Rally Sparks Takeover Rumours


A mini-rally in ATI Technologies shares has sparked speculation the graphics chip maker could be a takeover candidate. In a research report, an analyst with TD Securities, said the potential suitors include Broadcom Corp., AMD, Intel and Texas Instruments.

Analyst said takeover rumours surfaced last month after ATI issued its third-quarter results and provided "weak" fourth-quarter guidance.

ATI shares climbed $1.08 to $15.77 yesterday in Toronto, closing the week up 8.6%. The stock touched a 52-week low of $13.90 on July 7.

Bob McWhirter, a portfolio manager with Selective Asset Management in Toronto, said ATI could be an intriguing takeover target because there are concerns the company has failed to launch a new high-end, high-margin chip in time for the back-to-school and holiday sales seasons.

Since the graphics industry is extremely cyclical, ATI's value could suffer a short-term decline -- providing an opportunity for suitors to move before ATI can rebound in the next product cycle. "I'm suggesting that if someone does buy them, it may be an opportune time," Mr. McWhirter said. "ATI is down on their luck at the moment but they could come roaring back."

Jonathan Hykawy, a research analyst with Fraser Mackenzie Ltd. in Toronto, said takeover rumours are nothing new for ATI.



Source: http://www.canada.com


Previous
Next
Kodak Unveils New Image Sensors for Digital Cameras        All News        HP Unveils High-speed Ink-jet Technology
ATI Vs NVIDIA: Battle of the GPUs     Graphics Cards News      ATI R520 to be available in mid-3Q

Get RSS feed Easy Print E-Mail this Message

Related News
PlayStation Vue Expands to Roku Today, Launching on Android Next Week
Sony Announces PlayStation Games, Virtual-Reality Release Date at E3
Heterogeneous Systems Architecture 1.1 Specification Launched With Multi-Vendor Architecture Support
Sony Xperia X Series Coming to the United States
Verbatim Launches 100GB MDISC Blu-ray Storage Media
PlayStation VR Launch Bundle Pre-Orders Start Tuesday
Sony PlayStation VR Launches In October For Just $399
Imagination Showcases Ray Tracing and High-end Graphics on Mobile at GDC 2016
Sony PlayStation Vue TV Service Available Everywhere Around The U.S.
PlayStationVue Now Offers Disney And ESPN Channels, Package Price Reduced
Imagination Tech Brings Strong PowerVR Series 8XE GPUs To Low-cost Phones
Sony's 2016 Xperia X-series Include Breakthrough Battery Tech, Better Cameras

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .