http://www.macnn.com/articles/02/06/19/ati.warns/
ATI warns of weakening earnings
updated 05:00 pm EDT, Wed June 19, 2002
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ATI today warned that, despite meeting third-quarter adjusted estimates, the company would fall short of expectations for the fourth fiscal quarter. The graphics chipset maker lowered earnings estimates to five cents per share for the fourth-quarter; ATI also expects revenues to be either flat or "down slightly." Gross margins for the fourth quarter are also expected to fall to as low as 32 percent, down from a third-quarter margin of 35 percent. ATI was down in trading in both the Canadian and U.S. markets. Financial analyst Thomson Kernaghan likes ATI's strategy, but his firm "[does] not like continuing softness in the PC market." Yesterday, Apple warned of a weak third quarter as a result of weakening PC demand.
Fresh-Faced Recruit
Joined: Jul 2001
whoa
i thought things were supposed to pick up in the 3rd/4th quarters???