
its microprocessor products. We have expected momentum to slow; AMD faces multiple challenges, such as integrating the ATI Technologies acquisition, upgrading its product lineup, increasing production at its new facilities, and the prospect of a price
Volterra reported design wins in a number of higher-volume mainstream graphics cards in addition to high-end cards at ATI ATYT and NVIDIA NVDA. The company is working with three notebook manufacturers and expects to see meaningful revenue beginning in
would be a bit slower. We expect AMD's momentum to slow in the coming quarters as it focuses on the integration of the ATI ATYT merger and ramping up production at the two factories in Germany. AMD will start transitioning to 65-nanometer production
We believe the ATI Technologies ATYT acquisition is a high-stakes move for Advanced Micro Devices AMD. Longer term, the deal opens up myriad possibilities. Near
We're raising our fair value estimate for ATI ATYT to $22 per share. This is based on our exectation that the merger with AMD AMD will close before the end of 2006. The merger
strong performance across several of its product groups. We expect this growth to continue given the purchase of competitor ATI ATYT by Advanced Micro Devices AMD, which we think gives Nvidia's an edge in the Intel-compatible chipset market. Additionally
few years that underlie our investment thesis. Risks at this point include uncertainty caused by AMD's AMD acquisition of ATI ATYT , both of which are Volterra clients, as well as a potentially slow ramp-up of Intel's new platforms.
On Monday, Advanced Micro Devices AMD announced it would acquire graphics chipmaker ATI Technologies ATYT for $16 per share in cash and about $5 per share in AMD stock (based on AMD's July 21 closing price). Given that AMD's
at $18 per share. The PC market is traditionally softer in the second quarter. For example, Nvidia rival ATI Technologies ' ATYT computing chip segment had a less-than-stellar May-ending quarter, showing a 7% sequential decline in
ATI Technologies ' ATYT consumer-products segment was again an important growth driver during the firm's fiscal third quarter. We think the outlook