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ATI made net loss of $104m for Q4 2005

Its there on the very first line of the article if u read the first line.

"ATI Technologies Inc. (NASDAQ:ATYT)(TSX:ATY) today announced financial results for the fourth quarter and fiscal year ended August 31, 2005. "
 
Why exactly does the fiscal year and quarters differ so greatly from 'normal' time?

BTW. Bought some ATi stock just before the launch. I have my fingers crossed that they will soar 'x'. It gives me many mixed feelings on so many levels to have ATi stock. I am a pretty solid nvidia fan.
 
Originally posted by: DRavisher
Why exactly does the fiscal year and quarters differ so greatly from 'normal' time?

BTW. Bought some ATi stock just before the launch. I have my fingers crossed that they will soar 'x'. It gives me many mixed feelings on so many levels to have ATi stock. I am a pretty solid nvidia fan.
Click to expand...

Because nobody wants to do the work of producing all those reports at Christmas time.
 
Oh wow..... That reminds me of that conversation way back when people where talking about Q3 and Q4 money from the R520. Guess ATI was wrong because they missed Q4 completely by 2 months.

I would have noticed the the fiscal period and such if the OPs link wasn't FUBAR at the time I posted.
 
ewww 17 mill for the whole year in net income. Can't really pay for much devlopment with that. Could be worse AMD towards the end of the K6-2 era was losing over a hundred million a quater for 2 years.
 
Originally posted by: Rage187
October is the standard end of the year and when you post your 4th quarter finacials.
Click to expand...

Not sure where you are from, but here in Canada it's whenever is best for you. My last company (4000 employee telecom company) ended Q4 at the end of January.
My current company (50,000 employee telecom company ends it's Q4 December 31st. I once worked for a small architecture first that ended q4 in May.

For the record we don't all live in igloos, despite how strange this may sound

 
Originally posted by: Rage187
October is the standard end of the year and when you post your 4th quarter finacials.
Click to expand...

Not True Best Buy Which is the Second biggest Retailer files theirs in May.
 
Originally posted by: DRavisher
Why exactly does the fiscal year and quarters differ so greatly from 'normal' time?

...
Click to expand...

Maybe because companies do open shop all year round instead of just Jan 1 and they haven't moved their fiscal year to calendar year yet.
 
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