This morning, graphics-hardware giant ATI Technologies reported record revenue and profits that more than tripled profits from the third quarter of last year. The company attributed its success to increased demand for cell phones, digital television, and high-end laptop graphics, all of which utilize ATI chips.

　　The company posted total profits of $48.6 million, compared to $15 million a year ago. Total revenue hit $491 million for this year, while in 2003 it hit $355.7 million, which represents an increase of 38.2 percent. With these numbers, earnings per share of ATI stock reached 19 cents.

　　ATI's revenue was lifted by sales of the GameCube, which uses ATI technology, as well as its line of popular graphics cards. The company's foray into PCI Express, the new high-speed connection standard for PCs, was also a huge success and is expected to fuel growth through the rest of the year.

　　"ATI currently expects revenues for the fourth quarter to be in the range of $510 to $550 million," read ATI's earnings report. Previously forecasted revenue was only $486.5 million.