Tech
ATI shares fall on warning
Shares of ATI Technologies fell 14 percent Thursday after the graphics chipmaker warned it will post a loss in its fiscal second quarter amid a slowdown in business.Markham, Ontario-based ATI (atytf) said it expects to report an adjusted net loss of 11 cents to 13 cents per share when it releases earnings March 28.
Shares of ATI Technologies fell 14 percent Thursday after the graphics chipmaker warned it will post a loss in its fiscal second quarter amid a slowdown in business.
Markham, Ontario-based ATI (atytf) said it expects to report an adjusted net loss of 11 cents to 13 cents per share when it releases earnings March 28. The company blamed the shortfall on lower-than-expected revenue and costs related to its purchase of memory chips before the recent slide in prices. Its fiscal second quarter ended Wednesday. --Ian Fried, Special to ZDNet News