ATI Technologies boosts outlook after Q4 profit almost triples to ...
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TORONTO (CP) - Graphics chip maker ATI Technologies Inc. is boosting its outlook well above analysts&#39; estimates after a strong fiscal fourth quarter in which profit almost tripled and revenue soared 50 per cent.
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Lucent Technologies Inc. , among the world's largest makers of telecommunications equipment, on Wednesday said its fourth-quarter earnings more than tripled, helped by improving demand in products for wireless networks and a growing service business.
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Earnings season is in full swing, and results this week from bellwethers like Google, Intel, and Nokia are fueling hopes for a strong fourth quarter while confirming the investor confidence that has led to a rebound in share prices of technology vendors.
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Top U.S. phone company AT&T Inc.  on Tuesday said its profit and revenue rose, helped by strong growth in its wireless business and its acquisition of BellSouth.
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Texas Instruments Inc posted a higher  fourth-quarter profit and gave an outlook that reassured  investors who were worried the weak U.S. economy would hurt  demand for its wireless and analog chips.
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AT&T Inc  on Thursday posted stronger-than-expected wireless growth in the fourth quarter and reiterated its 2008 outlook, easing investor concerns that U.S. economic weakness would hurt its subscriber growth.
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Advanced Micro Devices inched closer to profitability despite posting a huge loss as it struggled to absorb the huge cost of its acquisition of ATI Technologies.
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Top telecommunications service provider AT&T Inc.  on Tuesday said its profit and revenue grew on an adjusted basis, helped by strong growth in its wireless business.
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Intel Corp. INTC.O on Tuesday  said quarterly profit rose 15 percent, helped by record sales  in Asia and stronger demand for notebook and server computer  chips, and gave an outlook that reassured jittery investors  that it could grow despite tough market conditions.
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ATI Technologies, one of the two major GPU makers, has entered the chipset market segment for a boost in its sales revenue from other sources.
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Top U.S. telecommunications service  provider AT&T Inc.  on Tuesday reported a rise in  quarterly profit and revenue, helped by growth in wireless and  Internet subscribers.
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Technology stocks jumped on Wednesday after a strong profit and outlook from Cisco Systems Inc.  boosted optimism about corporate profits.
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The retailer reports strong earnings and lifts its outlook.
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Struggling chip-maker Advanced Micro Devices Inc. said Thursday its fourth-quarter net loss widened, partly due to a huge goodwill impairment charge related to its $5.6 billion acquisition of graphics chip-maker ATI Technologies Inc.
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ATI Technologies Inc., a maker of graphics cards for PCs, Thursday said earnings for its latest quarter nearly tripled, driven by higher sales in both the personal-computer and consumer-product lines.
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Nasdaq Stock Market Inc.  said  on Tuesday that quarterly earnings more than tripled, helped by  strong trade revenue.
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AT&T reported strong fourth-quarter earnings, with net income rising 63 percent, due in large part to the growth in wireless communications.