ATI CEO Announces Trading Plan.MARKHAM, Ontario -- ATI Technologies Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ATYT ATYT ATI Technologies, Inc (stock symbol) ) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :ATY ATY Air Textured Yarn (textile) ATY Watertown, SD, USA (Airport Code) ATY After-Tax Yield ) announced today that David Orton, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ATI (ATI Technologies Inc., Markham Ontario, http://ati.amd.com) A leading manufacturer of graphics chips and display adapters. Founded in 1985 by K. Y. Ho, Benny Lau and Lee Lau, ATI chips and boards are widely used by OEMs. , has advised the company that he intends to enter into a new trading plan to sell a portion of his holdings of shares of the company. The trading plan is identical in concept to the one Mr. Orton announced almost a year ago, in November 2003. Under the terms of the trading plan, which will comply with the requirements of the U.S. Securities and Exchange Commission's Rule 10b5-1, Mr. Orton anticipates selling up to 40% of his common shares and options, subject to market conditions. At the time the original plan was announced, ATI was only the second Canadian company to announce trading by its senior executives, and the first to announce a trading plan. "This plan provides transparency to the investment community and separates executives from their trades and market conditions, consistent with good corporate governance," said Terry Nickerson, ATI's CFO See Chief Financial Officer. . The SEC's Rule 10b5-1 permits senior executives to adopt written trading plans at a time when they are not in possession of material non-public information and to sell shares according to that plan with pre-determined volume and price parameters. Sales under the plan will occur in a systematic manner with the goal of minimal market impact by spreading such sales over a more extended period of time than would be available using traditional trading window periods. Mr. Orton has advised that he intends to implement the trading plan in order to continue to meet his personal objectives for estate planning and tax purposes. About ATI Technologies ATI Technologies Inc. is a world leader in the design and manufacture of innovative 3D graphics and digital media silicon solutions. An industry pioneer since 1985, ATI is the world's foremost visual processor unit (VPU) provider and is dedicated to deliver leading-edge performance solutions for the full range of PC and Mac desktop and notebook platforms, workstation, set-top and digital television, game console and handheld markets. With 2004 revenues of US $2 billion, ATI has more than 2,700 employees in the Americas, Europe and Asia. ATI common shares trade on NASDAQ (ATYT) and the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. (ATY). Copyright 2004 ATI Technologies Inc. All rights reserved. ATI and ATI product and product feature names are trademarks and/or registered trademarks of ATI Technologies Inc. All other company and product names are trademarks and/or registered trademarks of their respective owners. Features, pricing, availability and specifications are subject to change without notice. For media or industry analyst support, visit our Web site at http://www.ati.com |
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