Feeds

ATI founder quits after 20 years at firm

Wants to 'spend more time with family'

Bridging the IT gap between rising business demands and ageing tools

ATI chairman and founder K Y Ho has decided to call it a day, and is quitting the company to "spend more time with family and pursue my personal interests".

Ho created ATI in 1985 and served as its CEO until 1 June 2004. On that date he handed the mantle of power over to Dave Orton, who joined the company in April 2000 as its President and COO. James Fleck, currently an independent director, will take over Ho's role as chairman, albeit in a non-executive capacity.

Orton will join the board too, provided he wins the support of shareholders at an election due to take place on 26 January 2006.

Ho has assumed a lower profile over the past few years while Canadian securities regulators investigated insider trading claims made against him, his wife Betty, and a number of other senior staffers and their partners. It was alleged they avoided losses and maximised their charitable tax breaks by selling or donating ATI shares ahead of a profit warning issued in May 2000.

In March and April 2005, a number of the accused entered into settlements with the Ontario Securities Commission (OSC), as did ATI itself, coughing up CAD900,000 ($743,000) to put to rest claims it failed to disclose key financial performance information and made "misleading statements" to the Commission during its investigation.

However, the Hos were last month formally cleared of all charges. ®

Application security programs and practises

More from The Register

next story
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.