ATI revenue declines, posts narrow adjusted profit
ATI Technologies, which supplies the graphics chips for most Apple systems, this morning reported an adjusted profit of US$2.2 million for its fourth quarter (unadjusted, the company posted a net loss of $45.2 million). Revenues for the quarter came in at $229.1 million, a 6.7 percent decline from the previous year. For fiscal 2001, ATI posted an adjusted net loss of $16.3 million ($54.2 million unadjusted) as revenues declined 19.1 percent to $1.04 billion.
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