ATI Technologies’ bad summer got even worse yesterday as the company warned that revenue this quarter will fall about $100-million (U.S.) short of its previous forecasts. It’s the second time in two months the company has slashed expectations.
The graphics chip maker now expects revenue for the fiscal fourth quarter to be in the range of $465- to $480-million, compared with the forecast range of $550- to $580-million provided by the company in June. That initial forecast was itself a revision from $600-million, predicted earlier in June.
Read the complete story. (Globe and Mail)