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ATI TECHNOLOGIES ANNOUNCES FIRST QUARTER EARNINGS

 THORNHILL, Ontario, Jan. 6 /PRNewswire/ -- ATI Technologies Inc. today announced sales for the first quarter ended Nov. 30, 1993, of $41.8 million and net income of $1.03 million, amounting to $.03 per common share. The sales and net income for the quarter exceed the company's forecast of $39.4 million and $822,000 respectively, reported in its initial public offering prospectus dated November 1993.
 ATI's sales were affected in the last half of fiscal 1993 and the first quarter of fiscal 1994 by a shortage of its proprietary mach32 computer chip. The company has now secured adequate supplies, increasing its chip sources to seven from three, and sales are expected to increase substantially in succeeding quarters.
 "For fiscal 1994, we forecast sales of $315 million and net income of $26 million, or 57 cents per common share, and our first quarter results are in line with this forecast," said K.Y. Ho, President of ATI.
 ATI is one of the world's leading manufacturers of graphics enhancement products for personal computers. The company's main product lines -- component and board level graphics accelerators -- increase the speed at which graphics can be displayed on PC monitors and improve the resolution and color definition. ATI supplies leading OEMs and distributors. ATI is also engaged in joint technology development projects with other industry leaders. The company has received over 40 international awards for its products in the past three years.
 ATI TECHNOLOGIES INC.
 (in thousands, except per share amounts)
 For the Three Months ended Nov. 30, 1993
 Actual Forecast
 Sales $41,780 100.0 pct $39,396 100.0 pct
 Cost of sales 28,261 67.6 pct 27,613 70.1 pct
 Gross margin 13,519 32.4 pct 11,783 29.9 pct
 Expenses:
 Selling 2,717 6.5 pct 1,867 4.7 pct
 Research and
 development 3,217 7.7 pct 3,061 7.8 pct
 Administrative
 and other 5,484 13.1 pct 5,557 14.1 pct
 Interest 258 0.6 pct 209 0.5 pct
 Total 11,676 27.9 pct 10,694 27.1 pct
 Other income 145 0.3 pct 130 0.3 pct
 Income before
 income taxes 1,988 4.8 pct 1,219 3.1 pct
 Income tax expense 961 2.3 pct 397 1.0 pct
 Net income for
 the period $1,027 2.5 pct $822 2.1 pct
 Net income per
 common share $.03 $.02
 0- 1/06/94
 /CONTACT: Lance McIntosh, vice president, finance and administration of ATI Technologies, 905-882-2600, ext. 8306/


CO: ATI Technologies Inc. ST: Ontario IN: CPR SU: ERN

TW -- NY069 -- 9789 01/06/94 13:16 EST
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Publication:PR Newswire
Date:Jan 6, 1994
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