ATI Lowers Guidance For Fiscal Q4

The company announcement, delivered after the market closed, stated that revenues would be in $235-$240 million range, and adjusted earnings per share would be flat to about 2 cents per share. Back in June, ATI set guidance for Q4 earnings per share at 5-7 cents. The company cited "weakness in the personal computer market and more specifically, the notebook market" as the reason for the shortfall. ATI is bullish on fiscal Q1 2003, however, expecting a "double-digit percentage increase in revenue in the fiscal first quarter of 2003" as the Radeon 9700 line takes hold in the market. ATI's financial results for Q4 and year-end will be announced on October 2.