Tuesday, August 30, 2005

ECT News Network Real-Time Alert

Fourth Quarter Looks Rough for ATI

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ATI Technologies said after the market close yesterday that its fiscal fourth-quarter revenue would come in substantially lower than previously forecast as a result of slow sales for desktop computer chips and a sizable inventory write-down. The graphics chipmaker cut its fourth-quarter revenue forecast to a range of US$465 million to $480 million, compared with its previous forecast of $550 million to $680 million. Analysts surveyed by Thomson First Call were expecting revenue of $560.9 million.
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