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News   Nintendo and ATI: Part 2
- Posted By Eric Tajchman, 03.04.2003

ATI and Nintendo announced today that they have once again teamed up to do something. What exactly, however, is still a mystery. Or is it?

MARKHAM, Ontario--(BUSINESS WIRE)--March 4, 2003--ATI Technologies, Inc. (NASDAQ:ATYT)(TSX:ATY.TO), a world leader in the design and manufacture of innovative 3D graphics and digital media silicon solutions, announced today that it has entered into a technology development agreement with Nintendo Co., Ltd. Under the agreement, ATI and Nintendo are developing technologies for use in Nintendo products. No other details regarding the nature of this agreement are being made available at this time.

"ATI has had an excellent relationship with Nintendo for many years," said David Orton, President and Chief Operating Officer, ATI Technologies Inc. "We are pleased to enter into this major technology development agreement with Nintendo."

About ATI Technologies

ATI Technologies Inc. is a world leader in the design and manufacture of innovative 3D graphics and digital media silicon solutions. An industry pioneer since 1985, ATI is the world's foremost visual processor unit (VPU) provider and is dedicated to deliver leading-edge performance solutions for the full range of PC and Mac desktop and notebook platforms, workstation, set-top and digital television, game console and handheld markets. With 2001 revenues in excess of US $1 billion, ATI has more than 1,900 employees in the Americas, Europe and Asia. ATI common shares trade on NASDAQ (ATYT) and the Toronto Stock Exchange (ATY).

Though the press release is vague as to what exactly the duo is concocting, you can be sure that it has something to do with hardware. Now is about the time that Nintendo should be thinking about its next-generation console, and this announcement just reinforces Nintendo’s dedication to the home console biz. This announcement could also serve as an indication of the next development of the Game Boy Advance’s successor. However, development of the GameCube’s successor is more likely.

And think about this: we know more about Nintendo’s next-generation console than another company’s system, for once, and that’s certainly encouraging news.

Source: Press Release