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ATI’s Q2 revenues, new CEO announced

ATI Technologies today announced its financial results for the second quarter of fiscal 2004, which ended February 29, 2004. Revenues for the quarter were US$463.3 million, a 47.8% increase relative to the second quarter of fiscal 2003. The net income for the quarter was $47.6 million, or $0.19 cents a share, in the quarter, compared with a loss of $9.4 million, or $0.04 cents a share, a year earlier. In addition, ATI’s cash position increased $88.5 million during the quarter to $468.5 million. Further details are available in the press release. In other news, ATI announced on behalf of its board that Dave Orton, the company’s current President and COO, will become CEO on June 1, 2004. Current Chairman and CEO KY Ho will remain as Chairman.

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