ATI = corporate fraud

[Keysplayr]

Originally posted by: Wreckage
Anybody here own stock? :Q

Not me.

 

[Banzai042]

Wow, should be interesting to see how this shapes up. I've seen speculation that the R520 will be the ATI 5800U, but maybe it'll be a Vodoo 5/6 instead, which would suck, nVidia needs some competetion in order to keep the graphics industry moving. If i were to guess this will mean that ATI will fall behind for this round because of coporate chaos, but if i were in charge of R&D over there i'd be working my ass off to get the R600 out ahead of nVidia and get back in the game, time will tell though.

 

[sirspotti]

Originally posted by: Wreckage
Anybody here own stock? :Q

Unfortunately... yea. There was another class action suit announced on Thursday so whoever said the stock is gonna plummet next week is wrong. It gained 3 cents the day after the first suit. It is just the other past couple months that this stock has been slaughtered. The whole point is that some scumbag lawyers are trying to make some easy money but nothing is likely to come of this in the end. To tell the truth, now might be a nice time to start buying up shares with xbox360 on the horizon.

 

[Matt2]

Originally posted by: sirspotti

Originally posted by: Wreckage
Anybody here own stock? :Q

Unfortunately... yea. There was another class action suit announced on Thursday so whoever said the stock is gonna plummet next week is wrong. It gained 3 cents the day after the first suit. It is just the other past couple months that this stock has been slaughtered. The whole point is that some scumbag lawyers are trying to make some easy money but nothing is likely to come of this in the end. To tell the truth, now might be a nice time to start buying up shares with xbox360 on the horizon.

This is merely an inconvenience for ATI as a company, but the failure to launch R520 could be a beginning of the end.

If R520 turns out to be 5800U style, this is Nvidia's chance to light ATI up. I would actually like to see Nvidia return the favor to ATI for the beating they gave Nvidia with the 9700/9800.

If Nvidia can get the GeForce 8 out before ATI can rebound with the R600... like I said... lit up.

 

[ponyo]

ATI stock needs to fall further for me to get interested. I said back when Nvidia got slaughtered and lost like 40% of value in one day last year to around $10 and ATI was trading like around $18 or so that good play might be straddle play of going long Nvidia and shorting ATI.

If ATI drops to around $6 I would be interested. It's still too high for me to bite.

Nvidia is firing on all cylinders right now so it's good time to get off the train but Fidelity just took a big position so I would probably wait it out little longer. It's good sign when FMR gets involved.

 

[rbV5]

ATI?s gross margins were being weakened by high sales of its IGP products, which have profit margins well below the corporate average;

I know my RS480 MB was pretty cheap, but high sales of what IGP products, must be OEM or something? It seems like they've been mostly MIA, maybe it refering to pre-Xpress200 chipsets?

 

[jasonja]

Standard BS... whenever some major investor loses money they cry foul and file a lawsuit. It's the STOCK market you can't always win!


Orton sold stock according to the plan they announce. After Ho was busted for insider trading you can be sure that ATI is very carefuly about this stuff now. CEO's have to file a plan on how they are going to sell stock well in advance. This kind of crap happens all the time and you guys really need to get a grip if you think crap like this going to kill ATI.

 

[jasonja]

Originally posted by: Rollo

Originally posted by: Busithoth
Wow, I love ATI. I'll keep an eye on this. If their stock takes a big dip, I might buy some.
I don't think this is the death knell of anyone. It does confirm my suspicion that ATI's lost this round, though. Big time.

There's some sense to this: you would think they would be buying stock if they had confidence in the upcoming product line, not dumping it.

This sort of thing must be getting to be "matter of course" for Ho: ATI just paid $900,000 in fines for profiting millions back in 2000 for doing the same thing.

http://www.macworld.com/news/2005/03/29...p?lsrc=mcweek-0401/%3Flsrc=mcweek-0401

Where is the "honest, work ethic" firm Ghandi Instinct tells us of?
A. Lining their pockets with duped investor money apparently. You'd think these guys would be rich enough they wouldn't have to rob the middle class. :|

This hasn't been proven yet, but it will make for interesting discussions as the case plays out to be sure.

People that high in the company don't BUY stock! They already have MILLIONS of shares from bonuses and such... once and awhile I'm sure they'd like to buy something with all that.

 

[Killrose]

Wait a minute. This is some disgruntled stock holder starting a lawsuit against Ati/Execs of Ati on stuff that was well know, old news. from last year. This is not based on recent Ati stock problems.

This is based on passed problems that did occur and now this guy (and his worthless lawer) are trying to get money from it. LOL, at some of you posting.

 

[Rudee]

How is this news? The insider trading allegations against ATI go back well over 2 years. :roll:

 

[hans007]

this isnt a suit, per se. it is just stupid lawfirms. i am an ati stock holder, but really ... these lawyers are frauds.


there are 2 class action lawsuits that are not filed yet, they are just waiting to be filed. neither of them has a lead plaintiff. if this were true a suit should also be filed against nvidia for last years drop to $6 a share.

as it stands, these aer nothing but phony class action suits, they have 30-60 days to actually get a lead plantiff and i doubt anyone will volunteer.

 

[Genx87]

Originally posted by: malG
ATI is being sued for insider trading, misleading stockholders and analysts to keep stock prices inflated so Orton, Crowley and Ho could dump their personal holdings of stock for more than it was worth before the REAL standing of the company became clear and the stock prices plummet.

Read the complaint: http://www.snlaw.net/PDF/ATITech.pdf

No wonder ATI shows dramatic market share gains in Q2'05 but still LOST money. Obviously they were selling their chips at a lost to gain market share. In contrast, NVIDIA's sales and market share declined but they made $75 million (net income) this past quarter :shocked:

"ATI widened its lead over NVIDIA in the desktop segment as compared to the prior quarter. In Q2'05, ATI's desktop graphics shipments grew 6.2% sequentially while NVIDIA?s desktop shipments fell 7.5%. ATI's gains on the desktop side came entirely from its line of integrated graphics devices, shipments of which increased more than three-fold during the period. On the discrete side, ATI's segment share remained essentially flat at 55.4% while NVIDIA?s segment share fell from 46.8% to 46.1% during the period."

Source: http://www10.dcccafe.com/nbc/articles/v....php?section=CorpNews&articleid=196302

ATI last quarterly: http://www.ati.com/companyinfo/ir/2005/atiq305.pdf

NVIDIA last quarterly: http://phx.corporate-ir.net/phoenix.zhtml?c=116466&p=irol-newsArticle&ID=742570

Wasnt ATI sued for this same issue a couple of years ago?

 

[Ackmed]

Originally posted by: ArchAngel777

Originally posted by: keysplayr2003

Originally posted by: Ackmed
Good job thinking everything you read is fact. Makes you look very foolish. Thinking they will fold is just idiotic.

FYI, NV was investigated for insider trading.

AND?.......

Why shouldn't we believe there are allegations? Why shouldn't we believe there is a class action lawsuit? Why shouldn't we believe that this is possible in light of all the ATI controversy of late? Why do you believe it's necessary to call people foolish and idiotic and ignorant? Are you trying to discredit a Bloomberg press release? Talk about idiotic.
It's official. You have no brain.

You felt the need to post that NV was under investigation because why? Did you think this thread was made to slam ATI? Do you think everything is ATI vs. Nvidia? Can you not think beyond that boundry?

/pwned

Hardly. Now I see why you posted in the other thread.

1. I didnt say dont believe there are allegations. Of course there are. I said, dont believe everything is true in the allegations.
2. Again, I didnt say dont beleive there is a class action lawsuit. And again, I said dont believe everything is true that they are accused of.
3. What ATi controversy of late?
4. Anyone who beleives everything on the net is true, is ignorant. I say it like it is. Its also idiotic to think ATi will fold from these allegations.
5. I didnt try to discredit any report. All I said was that nothing is proven yet, and acting like it is, is silly. Why you cant grasp that, I have no idea.
6. I felt the need, because look how that turned out. Did NV fold? Nope. Did it hurt NV in the long run? Nope. You can file a lawsuit for just about anything these days, just because one is filled, doesnt mean that party is guilty.

 

[gsellis]

Huh? So, ATI is guilty because someone filed a suit? Does not work that way and this one will be probably fail reading it. What they claim is almost impossible to prove unless they have documents to show it.

 

[g3pro]

No wonder the top execs are selling out. ATi has been peddling crap for the past 3 years. I say good riddance.

 

[Creig]

Originally posted by: g3pro
No wonder the top execs are selling out. ATi has been peddling crap for the past 3 years. I say good riddance.

I think we have a winner for the "Extreme Nv Fanboy" award.


:roll:

 

[Keysplayr]

Originally posted by: Creig

Originally posted by: g3pro
No wonder the top execs are selling out. ATi has been peddling crap for the past 3 years. I say good riddance.

I think we have a winner for the "Extreme Nv Fanboy" award.


:roll:

Although a lot of people share the sentiment of g3pro about ATI passing off the same card for years and their lack of engineering ability, most of us still realize that ATI going under would be a very bad thing. Nvidia would have only Intel to compete with at the low end, and Zero competition for the rest. No incentive to improve.

 

[Creig]

So let me see if I understand the gist of the lawsuit. The CEO and Chairman each have a large amount of stock that has been going up and up in value over past quarters. Then, following a sharp rise in ATI stock price at the beginning of October, the CEO sells 40% of his stock on the 14th, and the Chairman sells 40% on November 9th.

Fast forward to June 6 (7 months later), ATI lowers its projected earnings, partially due to the success of Nvidia's SLI. ATI's stock continues to decline from both the release of Nvidia's 7800GTX and delays in their own R520 cards and somebody decides it's a conspiracy and sues ATI.

Looks to me that both simply sold some of their stock at a good price in order to invest in other areas. Remember, they each sold 40% of their stock, not 100%. And I doubt either one could have forseen the successful launch of the 7800GTX/R520 delays that wouldn't occur until 7+ months in the future.

Sounds like somebody simply wants ATI to settle out of court for a few quick $.

 

[Keysplayr]

Originally posted by: Ackmed

Originally posted by: ArchAngel777

Originally posted by: keysplayr2003

Originally posted by: Ackmed
Good job thinking everything you read is fact. Makes you look very foolish. Thinking they will fold is just idiotic.

FYI, NV was investigated for insider trading.

AND?.......

Why shouldn't we believe there are allegations? Why shouldn't we believe there is a class action lawsuit? Why shouldn't we believe that this is possible in light of all the ATI controversy of late? Why do you believe it's necessary to call people foolish and idiotic and ignorant? Are you trying to discredit a Bloomberg press release? Talk about idiotic.
It's official. You have no brain.

You felt the need to post that NV was under investigation because why? Did you think this thread was made to slam ATI? Do you think everything is ATI vs. Nvidia? Can you not think beyond that boundry?

/pwned

Hardly. Now I see why you posted in the other thread.

1. I didnt say dont believe there are allegations. Of course there are. I said, dont believe everything is true in the allegations.
You didn't say a lot of things. It's your right not to believe everything in the allegations. It's also a good thing to STFU and let other
people believe or disbelieve what they want to as well.

2. Again, I didnt say dont beleive there is a class action lawsuit. And again, I said dont believe everything is true that they are accused of.
See above

3. What ATi controversy of late?
You are as clueless as they come. What has everyone in the vid forum been chattering about ATI since late June? They are having difficulties, endless tapeouts, very late to market if it shows at all.

4. Anyone who beleives everything on the net is true, is ignorant. I say it like it is. Its also idiotic to think ATi will fold from these allegations.
Might be a good idea to bitch slap yourself everytime you used the words ignorant and idiotic. You'd be a pummeled pulp by now if you did. Where did you get your manners? Learn them from a toaster?

5. I didnt try to discredit any report. All I said was that nothing is proven yet, and acting like it is, is silly. Why you cant grasp that, I have no idea.
Your acting like we said that ATI should be burned at the stake. Nobody said that. Can you show me where we are acting like the allegations are true? And not just that the allegations exist? And that we weren't just talking about them "as if" they were true?

6. I felt the need, because look how that turned out. Did NV fold? Nope. Did it hurt NV in the long run? Nope. You can file a lawsuit for just about anything these days, just because one is filled, doesnt mean that party is guilty.

Whatever that was, it's over and dealt with. We know the outcome. So you think that just because one lawsuit turned out to be nothing, that they all are? Tell me that's not ignorant and maybe I'll give you a cookie.

 

[jasonja]

Of course there's no mention that ATI stock was at $6 back in the summer of 2003. They were king of the hill in 2003 and their stock was pathetic. So if you bought back then things are still looking pretty sweet today. Again someone just bought the stock at the wrong time and now is pissed. If they had bought 2 years ago they'd still be up 100%

 

[Rudee]

Originally posted by: Wreckage
Anybody here own stock? :Q

I owned a thousand shares of ATI, which I sold back in 2003 after triple gains.

 

[ArchAngel777]

/Agree

Just looking through other threads, it is obvious to see that Ackmed is just an antagonist... Basically all he does is argue and crap on people that know more than him. Personally, I am not sure how someone can continue to post, especially when his posts are becoming like Intelia as of late... My advice is to shutup and stop while you are behind, lest you fall even more behind.

 

[KeepItRed]

Originally posted by: ArchAngel777
Ackmed is just an antagonist... Basically all he does is argue and crap on people that know more than him.

Rofl! 😀😀

 

[HDTVMan]

Didnt NVIDIA do the same prior to them getting the XBOX contract?

Who cares I would do it to if I had the opportunity of insider information. It happens all the time.

 

[James3shin]

ATi will be back up and running, everyone here should know it. With MS backing them and their XBOX360 endeavours, how can anyone see a chapter11 or such? This is one of those, "oh wow, time to move along" things.

*HOLY BAJESUS!! anyone else see ArchAngel777's display in his sig?