Outlook Sinks ATI Shares, But Today is a New Day

The second half of the company’s just-completed quarter was weaker than expected, said ATI CEO Dave Orton in an interview with TheStreet.com. The company expects its results to rebound later this year as Intel’s introduction of new chips and Microsoft’s introduction of its Vista update to its Windows operating system spur PC sales, Orton said. But the company isn’t certain when sales will pick back up, he said. “We’re excited about the back half of the year, but we don’t know exactly the timing of the ramp,” he said. “We thought it was prudent to be cautious.”