End of ATI. Hope not!!!

[cookin chef]

I had posted something earlier about this in the Video Adapter/Monitor Drivers forum -

http://forums.windrivers.com/cgi-bin...threadid=47425

But now it is getting worse.

This is a news clip from www.hardocp.com.

The End Of ATi?
This overview of allegations from the Ontario Securities Commission is the complete list of allegations against ATi charging them with insider trading, lying and conduct contrary to public interest. This could have an extremely damaging effect on ATi as a company as well as damaging to employees and shareholders if the company stock tanks. The effect a negative outcome in this matter could have a huge impact on the industry as a whole. Here is a clip from the long list of allegations against ATi.


That between April 24, 2000 and May 2, 2000, K.Y. Ho and Betty Ho traded 494,900 ATI shares. At the time these shares were traded, they were in a special relationship with ATI and had knowledge of a material fact with respect to ATI that had not been generally disclosed. The material fact was that ATI would fall short of its forecasted revenue and earnings for Q3-2000. Of these shares, 240,900 ATI shares were sold from an account in the name of Betty Ho for total proceeds of approximately $6,954,279. By selling the shares prior to the issuance of the news release on May 24, 2000, K.Y. Ho and Betty Ho avoided a loss of $3,352,824. The remaining 254,000 shares were donated to charities from an account in the name of K.Y. Ho. By donating the shares prior to the issuance of the news release, K.Y. Ho was able to maximize his tax benefit and avoid a loss in the value of the shares of $3,585,100.

http://www.osc.gov.on.ca/en/Enforcem...030116_ati.htm

Just a heads up.

[ilovetheusers]

The people who did the insider trading will go to jail/pay fines. The company itself is not culpable for the things the people that work for it do. The stock will suck for a while and if they maintain the level of what they have been doing they will be back on top within a couple years.

It would totally suck if ATI went under though.

[scutterboy]

This sounds familiar. I think it wasn't that long ago that there were similar noises made about another large GFX manufacturer.

I don't think much came of it though.

[Spawn_X]

i was pissed off my azz when 3Dfx went down.

I was in love with their voodoo cards.

[Darkstar]

Good riddance to bad rubbish! Nvidia ownz!

[Spawn_X]

bah. !

[+Daemon+]

Originally posted by Spawn_X
i was pissed off my azz when 3Dfx went down.

I was in love with their voodoo cards.

ditto

[Spawn_X]

im still running a voodoo 3 at home with 2 fans on it keeps up with everything just fine.

[silencio]

I bought some of ATYT right after this came out. Today it jumped almost a buck.

I had to say THANK YOU THANK YOU THANK YOU !

[silencio]

Originally posted by silencio
I bought some of ATYT right after this came out. Today it jumped almost a buck.

I had to say THANK YOU THANK YOU THANK YOU !

Not to resurrect a dead thread but, ATI is up from the low to mid $4 range to almost $7 today.

So, I feel the need to thank the chef.

Thank you chef!

[cookin chef]

Originally posted by silencio
Not to resurrect a dead thread but, ATI is up from the low to mid $4 range to almost $7 today.

So, I feel the need to thank the chef.

Thank you chef!

Glad to help out?