Wednesday, November 26, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Europe Wants Right-to-be Forgotten to Go Globally
Far Cry 4 Game Available For Free With Purchase of 840 EVO SSD
UK Music Industry Seeks For New Tax on CD Copying
Samsung's DeepSort Sorting Engine Prevails In Benchmarks
Sony Plans E-Paper Watch: report
HP Reports Fiscal 2014 Full-Year and Fourth Quarter Results
Hitachi Wearable Device Monitors Brain Functions
Hitachi Technology Stores Digital Data In 100 Recording Layers, Data Can be Stored For 300 million Years
Active Discussions
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
Copied dvd's say blank in computer only
Made video, won't play back easily
New Features In Firefox 33
updated tests for dvd and cd burners
 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
New Scalable PowerVR Series7 GPUs Target Wearables, Servers
PS4 Remote Play Now Available for Xperia Z3 Series
Sony To Release Android Lollipop To Its Entire Xperia Xperia Z Series
Native Instruments Announces TRAKTOR KONTROL S8 DJ system
Sony Xperia Z3 Coming To The US
Imation Unveils Secure Hard Drives With Cloud Connectivity
Imation Introduces NST4000 Hybrid Storage Appliance
Sony Xperia Z3 Specs Leaked
Imagination Introduces Tiny Android GPU
New Sony Software Upgrade For Xperia T2 Ultra
Imation IronKey Workspace W700 Flash Drive Now Available
Creative Introduces the MUVO mini Weatherproof Bluetooth Portable Wireless Speaker

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .