ATI Reports Adjusted Earnings Of -US-$0.01 Per Share; Margins Improve; Cash Position Strengthens Significantly

During the quarter, ATI entered into manufacturing and distribution relationships with leading original design manufacturers (ODMs) and add-in-board manufacturers (AIBs) in support of its new business strategy of supplying chip technology, rather than board technology, into the system integrator (SI...

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Bibliographic Details
Published inBusiness Wire p. 1
Main Author Business Editors / High-Tech Writers
Format Newsletter
LanguageEnglish
Published New York Business Wire 03.10.2001
Subjects
Corporate profits
Earnings per share
Financial accounting standards
Financial statements
Fiscal years
Manufacturers
Market positioning
Multimedia
Net losses
Processing speed
Product development
Task forces
Technology
Work stations
Working capital
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Summary:During the quarter, ATI entered into manufacturing and distribution relationships with leading original design manufacturers (ODMs) and add-in-board manufacturers (AIBs) in support of its new business strategy of supplying chip technology, rather than board technology, into the system integrator (SI) channel. The Company anticipates this strategy will increase its sales and distribution penetration of ATI chip technologies worldwide. ATI's new partners are now shipping its full range of graphics chip products to SIs and distributors around the world. The Company is also now shipping its recently announced RADEON 8500 and RADEON 7500 to its retail partners in North America. In August, ATI embarked upon the most aggressive product roadmap in the history of the Company with the introduction of its next- generation RADEON processors, the world's most powerful and innovative graphics chip and board technologies offering the ultimate in pure gaming power, 3D quality of the highest order and unparalleled price-performance. In keeping with ATI's commitment to increase its pace of innovation and reduce development time of new products, the initial wave of products included the RADEON 8500, the world's fastest and most technologically advanced graphics board; the RADEON 7500 graphics board, an outstanding combination of performance, innovative 3D features and real value for a wide range of home and business users; the FIRE GL(TM) 8800, a new mid-range 3D workstation graphics board ideally suited for CAD/CAM and the modeling and animation aspects of digital content and creation; the MOBILITY RADEON 7500, ATI's next-generation mobile graphics processor and the most powerful, feature-rich mobile solution in the world; and the new ALL-IN-WONDER(R) RADEON(TM) 8500DV, the world's most advanced multimedia graphics board and the latest addition to the award- winning, marketshare-leading ALL-IN-WONDER family. Copyright 2001 ATI Technologies Inc. All rights reserved. ATI and ATI product and product feature names are trademarks and/or registered trademarks of ATI Technologies Inc. All other company and product names are trademarks and/or registered trademarks of their respective owners. Features, pricing, availability and specifications are subject to change without notice.