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Wednesday March 31, 2004

[H]ardNews 6th Edition

ATI CEO News:

KY Ho makes way for Dave Orton to become ATI's CEO on June 1 of this year. KY Ho will retain his Chairman position.

“ ATI has never been stronger than it is today,” said KY Ho. “It is now time for me to focus on the Chairman role, particularly with regards to our strategic customer and supplier relationships. To a large extent, this announcement merely formalizes the existing situation – Dave has done a great job spearheading the success ATI enjoys today.”

Our kudos to Dave as he has done some really great things with ATI since his joining the organization in Y2K.

ATI Reve-news:

ATI has announced that its revenues for its second fiscal quarter, ending February 29, were up 47.8% compared to last year. Total revenue as $463,300,000. Yes, US Dollars. Gross margin up almost up to 35%, more than 5 points better than the same quarter last year. There outlook is strong with the PCI-Express transition coming up. Read the whole PDF here.