Feeds

S3 loss narrows

But revenue remains static

  • alert
  • submit to reddit

Intelligent flash storage arrays

Graphics chip vendor S3 released its Q1 1999 results yesterday, and while the company failed to show a profit, it's loss shrank considerably despite only a small rise in revenue. S3's loss for the quarter totalled $13.6 million, a big improvement on the $70.3 million loss it posted for the previous quarter. Revenue remained broadly static, rising just under three per cent to $44.3 million. For the same period last year, S3 reported a profit of $4.1 million, but that was accounted for by a special one-off gain of $26 million. The small rise in S3's Q1 99 revenue suggests that the success the company is having in persuading PC vendors to bundle S3-based cards in the products has yet to affect the company's figures. Still, the collapse of its loss to a fifth of its previous level implies that the attempt of CEO Ken Potasher to turn the company round is working. The company continues to face some tough opposition, particularly from nVidia, which, flushed on the success of its high-end cards, is pushing hard to get its earlier generation chips, most notably the Riva TNT, into vendors' mainstream PC designs. Meanwhile, S3's arch-rival, ATI, continues to dominate the PC OEM market -- its Rage 128 driving its recently announced Q2 results that dwarf S3's figures: it reported profits of $39 million on sales of $297.2 million, up 45 per cent and 63 per cent, respectively. See also S3, Via confirm chip cooperation S3 takes time to check The Register out S3 to power Intel PC-on-a-chip's 3D graphics

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.