ATI Warning

ATI is warning investors that market conditions will result in a third quarter loss. The company is blaming a number of factors, including a product transition, competitor pricing, and component shortages for the expected loss of 35 cents a share. Analysts had expected ATI to show a profit of 13 cents a share for the quarter. "We definitely have some tough challenges ahead of us," explained ATI CEO K.Y. Ho, "But our strategic direction remains sound and we remain optimistic for the next fiscal year." ATI will release its full financials on July 6.