Feeds

Dead Dell deal costs ATI dearly

Loses contract to supply graphics cards to desktops

  • alert
  • submit to reddit

Internet Security Threat Report 2014

ATI's share price dropped 13 per cent yesterday as investors' nerves frayed over the collapse of a deal with Dell. After the graphics card maker lost the bidding for the Dell contract to rival 3D graphics specialist Nvidia, ATI shares plummeted. The price fell C$2.40 (£1) to C$17.60 before mid-morning trading was stopped on the Toronto Stock Exchange. Before this, it had dropped as low as C$17.50, its lowest point since 13 January. ATI confirmed that the lost chip supply deal would cost the company $10 million in sales per quarter. But the company pointed out that Dell was still a customer -– it will continue to supply Rage Mobility components for Dell's notebooks. But its agreement to supply Dell's OptiPlex desktops has finished after more than 18 months. ATI refused to name the competitor to which it had lost the Dell deal. But a representative said the drop in stock price "had to do with Nvidia making an announcement on the next-generation product and some design wins with that product". ® Related Stories Nvidia unveils '256-CPU Cray' GeForce 3D chip S3 unveils Savage 2000

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
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.
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?
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.