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

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.