Second-quarter sales results were significantly impacted by the greater- than-expected slowdown in the global personal computer market.

Profitability for the quarter was affected by the lower revenue and a reduction in average selling prices for the company's board products.

ATI has had challenges in the last couple quarters and we are obviously disappointed with our performance and our ability to predict the dynamics of our desktop channel business.

Clearly, ATI has had challenges in the last couple of quarters.

We are pleased with our overall progress in the quarter and remain intensely focused on technology leadership and operational execution.

The accelerated sales pace of recent years has all but ended, and we're returning to a more normal market.