updated 08:35 am EST, Thu March 1, 2001
Graphics chip maker ATI today announced that revenue for the quarter will fall short of initial estimates, at about $230 million. Instead of breaking even for the quarter, as originally expected, the company expects to post a loss between $0.11 and $0.13 per share. ATI cited weakened marketing conditions and a higher than expected cost for memory as the reasons for the shortfall. Last quarter, the company posted a narrow profit on revenues of $350.5 million, while revenues for the quarter last year came in at $413.5 million. Shares of ATI have fallen 75% in the past year.