Atari loses more money than analysts thought probable
Atari seems to have misplaced approximately $33 million ($.27 per share) in the three-month
period ended June 30th. Analysts had expected the company to lose about a third of that amount ($.11 per share), so the
loss comes as a suprise to investors, who have been dumping company stock in after-hours trading in response.
Atari's parent company Infogrames Entertainment reiterated its intent to provide the company with financial support, according to Marketwatch, but that company's shares have taken a hit too as a result of the Atari bombshell.
Really, it's all about the hits. Atari just hasn't sold enough games lately. Will Atari's future lineup of games reverse the company's slide?
On tap for release in the next six months from Atari: Matrix: Path of Neo, Mark Ecko's Getting Up, Test Drive Unlimited, Dragon Ball Z Budokai: Tenkaichi, and Dungeons & Dragons Online: Stormreach (if it ever launches). Will any of these games be hits?
Reader Comments (Page 1 of 1)
Chris McDowell @ Dec 18th 2005 9:07PM
I think all of those games will be flops. How do these companies think that games like these would do well? If they hired me I could tell them they would be total flops and I dont even have any industry experience.
Andy @ Dec 18th 2005 9:07PM
You missed Driver 4 in the list of games to be released
noi @ Dec 18th 2005 9:07PM
Matrix as a movie is good. Matrix as a video game sucks. If they ever made an Online Matrix game that would suck even worst.... oh wait.... (Breaking News) ... dit deet dit deet... This just in.. Matrix Online was out and people refuse to play it.... (More Breaking News) ... dit deet dit deet... Matrix Online is now going Offline.
Eskimo Bob @ Dec 18th 2005 9:07PM
Mark Ecko's Getting Up looks interesting, but I doubt very many people will buy it (unless it turns out really, really good).
moomer @ Dec 18th 2005 9:07PM
The new matrix game actually looks like the game they should have made first, so if it weren't for the bad name that Shiny/Atari generated for the franchise, and had it been released earlier it might have been a big hit. Come to think of it, the first one was a big hit, despite being shit. Why is it the Gamecube got the shit one, which sold anyway, and not the new one, which finally looks decent?
Vagabond Artist @ Dec 18th 2005 9:07PM
I wish they would make a new Splashdown game... those were fun.
Whowhat @ Dec 18th 2005 9:07PM
Matrix, Dragonball, and DnD online? These are incredible licenses! If the games aren't complete garbage they'll be hits. Of course that they'll be complete garbage is not so far fetched.
John Kepler Lewis @ Dec 18th 2005 9:07PM
Will it be called Driv4r?
Andy @ Dec 18th 2005 9:07PM
re: 8
no, i don't think it will be called driv4r. I believe most of the staff would quit.