Monday, December 22, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung Introduces SE790C Curved Monitor
Chinese Motion-sensing VR Glasses Coming On Kickstarter
Kodak Returns To CES With Consumer Product Line
North Korea Suggests Joint Inverstigation With U.S. Over Sony Hacking
T-Mobile to Pay $90 Million To Settle Case With FCC
New Trojan Targetted Banks Wordlwide
FBI Confirms North Korea Was Behind Sony Hack
Apple Responds To BBC's Allegations Over Working Conditions In Chinese Factory
Active Discussions
Digital Audio Extraction and Plextools
Will there be any trade in scheme for the coming PSP Go?
Hello, Glad to be Aboard!!!
Best optical drive for ripping CD's? My LG 4163B is mediocre.
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
 Home > News > Graphics Cards > ATI Fis...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, August 30, 2005
ATI Fiscal Q4 to Disappoint


ATI Technologies Inc.'s bad summer got even worse yesterday as the company warned that revenue this quarter will fall about $100-million (U.S.) short of its previous forecasts.

It's the second time in two months the company has slashed expectations.

The graphics chip maker now expects revenue for the fiscal fourth quarter to be in the range of $465- to $480-million, compared with the forecast range of $550- to $580-million provided by the company in June. That initial forecast was itself a revision from $600-million, predicted earlier in June.

"We have to get better at predicting our business," ATI president and CEO Dave Orton said in a conference call yesterday.

Perhaps in recognition of the company's volatile bottom line, ATI executives refused to answer many quantitative questions posed by analysts during the call, repeatedly saying the fourth quarter isn't over yet, and that they'd provide more information during the fourth-quarter conference call on Oct. 6.

Gross margin percentage for the quarter is expected to be "in the single-digit range," ATI said. That estimate includes an inventory writedown which will see the company write down about $60- to $70-million worth of products.

The reduced figures are a result of weak sales in ATI's desktop product line, the company said.

The line missed company targets in terms of units sold and average selling price, ATI said.

All other product lines are expected to be in line with company expectations for both revenue and gross margin, ATI said.

ATI faces two major problems. The company has too much product in its inventories, and a lot of that product isn't selling at a high enough price.

However Mr. Orton said he feels the company's recent woes are short-term problems. He said there are no layoffs planned in the near future.

ATI is banking on a coming line of products to boost business, including the R520-based graphic chip. ATI's main competitor, Nvidia Corp., has made large strides in the high-end market recently partially because ATI didn't get to the market with new products fast enough. The company hopes to make up for that sluggish start this fall.

ATI is keeping tight-lipped about the chip's launch date, however. Company executives only said the chip should hit the market "very early" in the fall season.

The company is also banking on royalties from two new gaming systems for which it designed chips. Microsoft's Xbox 360 is due out before Christmas, while Nintendo's system, code-named Revolution, is due out some time next year.


Previous
Next
Samsung Samples Gigabyte MMC Cards for Mobiles        All News        Impact of Memory Size on Your PC Performance
nVIDIA ForceWare Drivers 78.01 WHQL Released     Graphics Cards News      IDF: ATI Crossfire on Intel D955XBK Motherboard

Get RSS feed Easy Print E-Mail this Message

Related News
Imagination Releases Raspberry Pi Rival
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

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 .