ATI announced Q3 loss - R520 delayed

Posted on Saturday, June 25 2005 @ 1:22 CEST by Thomas De Maesschalck
ATI R520 delayed
ATI's shares fell to a two year low after the company announced a loss of $445,000 for its fiscal third quarter. Sales in the Q3 rose with 7.8 percent to $530 million.
For the third quarter ended May 31, ATI reported a loss of $445,000 (U.S.) or break even on a per-share basis, compared with a year-earlier profit of $49-million or 19 cents a share. Analysts polled by Thomson First Call had expected a profit of 4 cents for the quarter.
On June 6 the company already warned that its third quarter sales would miss targets. The company claimed it ships too many low-end products and not enough high-end products which have bigger margins.

ATI also stated at a press conference that its R520 is delayed to September. NVIDIA on the other hand released its GeForce 7800 GTX two days ago.

Analysts believe that ATI is loses sales to NVIDIA and Intel. More information at Globeinvestor

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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