NEWS - Tuesday, June 7, 2005


ATI Cuts Forecast For Q3 Sales

ATI Technologies slashes forecast for Q3 sales Xbox 360 graphics chip supplier blames cut on "product mix shift" in laptop market ATI Technologies, the Ontario-based firm which will supply graphics chips for Microsoft’s next-gen Xbox 360 console, has been forced to cut its forecast for third-quarter sales. The company also posted a much lower forecast than expected for Q4, sending share prices dropping by 8 per cent to $14 on the Nasdaq index. On March 24, ATI issued a Q3 revenue forecast of between $560 million to $600 million. The number now stands at $530 million, with operating expenses at $143 million and gross margin at around 29 per cent. Fourth-quarter revenues are estimated at around $600 million - over $60 million less than analysts predicted, according to Reuters. ATI blamed the lower forecasts on changes in the market, stating: "While we believe end-user demand remains stable, a product mix shift in the quarter toward the lower end of the desktop and notebook discrete market caused revenues to come in below expectations." However, ATI also stated that unit sales were up, with its personal computer business posting unit growth of around 5 per cent. The news of a cut in forecasts follows comments made by ATI boss Dave Orton at a seminar last week, where he described the company as starting "to look much more like a PC/digital consumer company, not a PC company that’s dabbling in digital consumer." The full story can be found here. ATI is expected to post third-quarter results on June 23.
Source: http://www.gameindustry.biz

Comments

Site Statistics

Registered Members: 44,317
Forum Posts: 725,652
Xbox One Titles: 1,071
Xbox 360 Titles: 1,085
Xbox 360 Kinect Titles: 95
Xbox 360 Arcade Titles: 585
Original Xbox Titles: 987
Staff Reviews: 1,642
Member Reviews: 10,339
News Articles: 14,069
Screenshots: 30,706
Xbox 360 Achievements: 45,112
Xbox 360 Faceplates: 2,016
Cheat Codes: 1,706

Latest News








See News Archives

Community Forum Activity

Xbox One Assassins Creed Origins
Post by oryanphine
1 Replies, 304 Views

Xbox One S Porsche 919 Hybrid Edition
Post by oryanphine
3 Replies, 353 Views

OG Xbox on Xbox One now live!
Post by Kamshaft
2 Replies, 588 Views

Xbox One S Renault F1
Post by oryanphine
2 Replies, 447 Views

Xbox One S Wolfenstein 2 The New Colossus
Post by oryanphine
1 Replies, 589 Views

Xbox One S Prey
Post by oryanphine
0 Replies, 410 Views

Xbox One S Cuphead
Post by oryanphine
2 Replies, 685 Views

Xbox One S Shadow of War a gagner
Post by oryanphine
0 Replies, 401 Views

I Buy Very Rare XBox 360 Faceplates
Post by Smill
8 Replies, 992 Views

Xbox Wire desormais disponible en francais
Post by oryanphine
0 Replies, 767 Views

Manette Xbox 360 Gamestop Radioactive
Post by oryanphine
1 Replies, 1079 Views

Xbox One Moratl Kombat X sur Ebay
Post by oryanphine
0 Replies, 1039 Views

Console Xbox 360 et faceplate Xbox 360 in package blue
Post by oryanphine
0 Replies, 996 Views

Seagate Fanfest External Drive Scorpio
Post by oryanphine
2 Replies, 1355 Views

Ultimate Game Face
Post by oryanphine
3 Replies, 1235 Views

© 2000-2017 XboxAddict.com - All rights reserved. All trademarks are properties of their respective owners.
Xbox is a registered trademark of Microsoft. XboxAddict.com is not affiliated with Microsoft.

Made in Canada
Site Design by Cameron Graphics