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ATI posts modest growth for Q4 1999

Sales up, profits up but Wall Street unfazed

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ATI recorded a modest rise in profits and revenues for its fourth fiscal quarter, reported yesterday. Already the world's largest graphics chip company, with a good but hardly glowing product line, you can't expect ATI to show the kind of financial leaps and bounds made by young pretenders like Nvidia, and, indeed, Wall Street made no such expectations: analysts got ATI's results pretty much on the button. So, ATI posted a profit for the quarter of $32.2 million, which was then knocked down to $16.8 million thanks to the latest anticipated charge relating to its acquisition of media processor developer Chromatic Research, made last year. The latest figures mark a increase of ten per cent on the $29.4 million profit ATI recorded for the same period last year. Revenues for Q4 1999 totalled $304.7 million, up 49 per cent from last year's $204.7 million. For the full fiscal year, revenues rose 67 per cent from 1998's $737.3 million to $1.23 billion. After charges, ATI made $159.3 million, an increase of 48 per cent on the previous year's profit of $107.3 million. ® Related Stories Real3D dead -- Intel buys bones GigaPixel takes on 3dfx, S3, Nvidia with... tiles

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