Brand: MacNews

ATI, Palm report earnings

ATI today reported a third quarter loss of US$4.2 million, as revenues increased 10.1 percent sequentially to $255.9 million. ATI ended the quarter with $156.9 million in cash and cash equivalents, and expects to be about break-even next quarter. Meanwhile, Palm beat lowered estimates by reporting a loss of $89.2 million as revenue for the quarter declined more than 50 percent from the previous year, down to $165.3 million.

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ADTX comes to America

In a press release issued yesterday, Advanced Technology and Systems Co., Ltd. (ADTX) out of Yokohama Japan announced that they have opened an office in Garden Grove, California to introduce their storage products to the United States. ADTX U.S. acquired many of its regional managers in the US from MicroNet Technology, which closed its doors in February of this year. The current Macintosh storage products include a line of RAID systems, mirrored drives, the FireWire Direct Recording Disk (DRD) and several products for the OEM market.

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