Graphics chip and display panel makerATI Technologies Inc.on Monday update counsel for its fourth quarter of fiscal 2005 . The company lowered receipts expectations US$ 85 to $ 100 million , to $ 465 – $ 480 million . The company expects exclusive - fingerbreadth gross border percentage for the quarter , and operating disbursal in line of merchandise with previously announce guidance .
ATI said the lowered guidance was the answer of its desktop product crease , which missed objective both in social unit and average merchandising prices for its retail and sum - in board ( or system integrator ) distribution channel . ATI did n’t have any other surprises in store in its other Cartesian product lines .
ATI make graphics chips and card used across Apple ’s product line and remains the only major vendor who offer a retail graphics wit for Power Mac users . The ship’s company most lately introduced the Radeon 9600 Pro PC & Mac Edition , a $ 199 AGP - base nontextual matter bill billed as the companionship ’s first that work out of the boxful ready to support both Macs and PCs .
ATI President and CEO David Orton calls the quarter “ intriguing and disappointing , ” but tell that ATI remains affirmative about its future .
The caller plans to flesh out additional item with analysts this good afternoon , but wo n’t have the last Q4 numbers quick until October 6 , 2005 .
The news comes only a duet of weeks after several law firm foretell course of instruction action law suits pending against ATI in the United States District Court for the Eastern District of Pennsylvania . The courtship have been file on behalf of shareholders who held broth between October 7 , 2004 and June 23 , 2005 . consort to the claims , ATI and its officer supply false statement which inflated the market price of the troupe ’s stock .
The news also come about a hebdomad after securities firm UBS downgrade ATI ’s stock from Buy to Neutral . ATYT closed at 11.34 , down 1.05 percentage or 0.12 for the day and down another 0.44 percentage to 11.29 in after - hours trading .
