Feeds

ATI rises on growing mobile market leadership

Gets Goldman Sachs' thumbs-up

  • alert
  • submit to reddit

Securities specialist Goldman Sachs has upgraded ATI stock to its 'outperform' rating on the back of expectations that the company will increase its share of the mobile graphics chip market.

GS told customers that ATI's share of that business will grow from 51 per cent to 59 per cent, and it will maintain that lead for the next two or three quarters, possibly longer.

ATI has ruled the mobile graphics market for some time, despite having long lost the desktop market leadership crown to Nvidia. Nvidia remains its chief challenger in the mobile arena, but it also faces lesser threats such as VIA/S3 and SiS/Xabre, thanks to the latter's recent move to acquire Trident's mobile graphics business.

ATI's stock has been rising over the past five days, from around $10.5 to just under $12 but yesterday opened at $12.75 on the back of the GS report, before closing at $12. Nvidia closed at $19.07, down from a peak of Monday's close of $20.41, on the back of the company's gross-margin warning. ®

Related Story

Nvidia lowers Q2 gross-margin forecast

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.