Press Release
- Archives 2001
ATI completes
acquisition of FGL Graphics from SONICblue
SONICblue
will receive up to (US) $10 million
Tuesday
April 3, 2001
MARKHAM, Ontario and SANTA CLARA, California –
ATI Technologies Inc. (TSE:ATY, NASDAQ:ATYT), a world leader in the supply of graphics, video and multimedia solutions, and SONICblue™ Incorporated (Nasdaq: SBLU), a leader in the converging Internet, digital media and consumer device markets, today announced that ATI has completed its acquisition of SONICblue’s FGL Graphics division.
Under the terms of the agreement, SONICblue received (US) $2.7 million in cash and will receive an additional (US) $7.3 million if FGL Graphics meets operating plans for its business. ATI has acquired FGL Graphics’ business with the world’s major suppliers of high-performance workstation systems, including contracts with Compaq, Dell, Fujitsu, Hewlett-Packard, IBM and Siemens; the right to use the FireGL brand name; and 35 highly-skilled employees at FGL Graphics research and development and marketing facilities in Munich, Germany, and San Jose, California.
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may be materially different from those contained in such forward-looking statements. The markets for the companies’ products are characterized by rapidly changing technology, evolving industry standards, frequent new product introductions, emerging competitors and significant price competition. In the event that ATI, together with FGL Graphics, is unsuccessful in identifying, developing, manufacturing or marketing new products or enhancing its existing products or maintaining is historical prices or margins, the FGL Graphics business and ATI’s operating results will be adversely affected and SONICblue may not receive all of any of the additional (US) $7.3 million. The following factors, among others, could cause actual results to differ materially from those described herein: the risk that ATI and FireGL’s businesses will not be integrated successfully; risks associated with the development, manufacture and marketing of new or enhanced FireGL products; and other economic, business and competitive factors affecting ATI’s and FireGL’s businesses generally. Additional information concerning factors that could cause actual results to materially differ from those in such forward-looking statements is contained in the Company’s filings with securities regulatory authorities. ATI disclaims any obligation or intention to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Copyright 2001 ATI Technologies Inc. All rights reserved. ATI and ATI product and product feature names are trademarks and/or registered trademarks of ATI Technologies Inc. SONICblue, HomeFree, Diamond and frontpath are trademarks of SONICblue. Rio is a registered trademark of Rioport, Inc. and is used by SONICblue under license from Rioport, Inc. All other company and product names are trademarks and/or registered trademarks of their respective owners. Features, pricing, availability and specifications are subject to change without notice.
Company Backgrounds
SONICblue is a leader in the converging Internet,
digital media and consumer device markets. Working with partners
that include some of the biggest brands in consumer electronics,
SONICblue creates and markets products that let consumers
enjoy all the benefits of a digital home and a connected lifestyle.
SONICblue holds significant financial assets, global marketing
capabilities and a focused technology portfolio, that includes
Rio® digital audio players, HomeFree™ home networking solutions,
Diamond™ Internet access products and frontpath™ Information
Appliances.
Founded in 1985, ATI Technologies Inc. is a world leader in
the supply of graphics, video and multimedia solutions for
personal computer and Mac platforms. The pioneer, innovator
and market leader in the graphics industry, ATI provides cutting-edge
technologies for the PC, set-top box, game console and other
consumer appliances markets. The Company has more than 1,900
employees supporting customers from its headquarters in Markham,
Ontario, Canada, as well as from offices in Barbados, France,
Germany, Hong Kong, Ireland, Japan, Malaysia, the United Kingdom
and the United States. ATI common shares trade on NASDAQ (ATYT)
and the Toronto Stock Exchange (ATY).
Contact Information
For further information, please visit our Web
sites at http://www.ati.com
or http://www.sonicblue.com
or contact:
For Public Relations matters:
Heather Stanger, PR Specialist, SONICblue Incorporated
at (408) 588-8060 or hstanger@sonicblue.com
John B. Challinor II APR, Director, Public Relations, ATI Technologies Inc.
at (905) 882-2600, Ext. 8815 or jchallin@ati.com
For Investor Relations matters:
Janet Craig, Director, Investor Relations, ATI Technologies Inc.
at (416) 566-9907 or jcraig@ati.com
Tracy Perry, Investor Relations, SONICblue Incorporated
at (408) 588-8086 or ir@sonicblue.com
