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08.29.2005 - ATI Fourth Quarter Financial Update

View ATi-press related news. MARKHAM, Ontario, Aug 29, 2005 (BUSINESS WIRE) -- ATI Technologies Inc. (NASDAQ:ATYT)(TSX:ATY) today provided an update on expectations for its fourth quarter of fiscal 2005. ATI now expects revenues for the fourth quarter to be in the range of $465 - $480 million(1), compared to the expected range of $550 - $580 million provided on June 23, 2005. Gross margin percentage for the quarter is expected to be in the single digit range, which includes an inventory writedown that is expected to be approximately $60 - $70 million. Operating expenses, excluding the costs associated with stock-based compensation, are expected to be in the range of $143 - $148 million, which is in line with guidance.

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NID: 7722 / Submitted by: TACKtech Team
Categories: Patches and Updates, Press Release
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