ATI Buys ArtX

ATI Technologies has entered into a definitive deal to acquire graphics chipmaker ArtX for approximately $400 million in ATI common shares and options. The acquisition helps move ATI into new consumer markets; in addition to developing graphics solutions for DVD players and internet terminals, ArtX is the provider of graphics technology for Nintendo's upcoming Dolphin console. Effective immediately, ArtX founder Wei Yen will join the ATI board of directors. Current ArtX president Dave Orton will take the newly created title of president and COO of ATI Technologies, while ATI's K.Y. Ho will continue as CEO and chairman.