Atari may get the boot from Nasdaq
If Atari's financial woes weren't already a beacon that the legendary game company has fallen far, their notice of potential delisting from the Nasdaq stock exchange should pretty much seal the deal. Atari received the notice from Nasdaq because they did not file their financial report for their fiscal year ending March 31.Atari says they haven't filed yet because they're still trying to figure out what accounting entries they need to make. With any luck The Witcher and Alone in the Dark will help the company out this fiscal year. Heck, for all we know, My Horse & Me could be Atari's killer application which will help them ride into the land of fiscal fortitude.
Reader Comments (Page 1 of 1)
ymmv @ Jul 23rd 2007 4:00PM
Atari is really Infogrames with a different name. They just happened to get the Atari name when they took over Hasbro Interactive. There are no actual links between the current Infogrames/Atari and the Atari of yore.
Steve @ Jul 23rd 2007 4:07PM
Does Joystiq really want to point out how poorly researched their posts are? This is totally un-newsworthy except to stock traders. Know who else is facing delisting? Oh yeah, healthy corporate behemoths such as Dell. Dell's not going away any time soon due to some "accounting irregularities".
Move on, nothing to see here.
JonnyBoy2U @ Jul 23rd 2007 4:16PM
WOAH! WOAH! OH NO YOU DIDN'T
Actually this is gaming news. Since Atari supposedly makes games...
Sounds like you have a lot invested in Atari though from this overreaction of yours.
Thanks Joystiq for the news. I hope Atari bounces back with their title for the Wii.
hvnlysoldr @ Jul 23rd 2007 4:20PM
Yes Atari is much like Jenga in that their precarious situation is filled with taking a block out and sticking it haphazardly on the top to try to foil others. And not sticking to their guns by refusing to do the dares.
hvnlysoldr @ Jul 23rd 2007 4:21PM
If Atari dies again, does that mean Nintendo can put Tengen games on VC?
Josh @ Jul 23rd 2007 5:03PM
Jenga for the Wii will single-handedly save Atari and the Wii.
Seriously, check out how awesome it is:
http://www.geekrising.com/?p=5
horngreen @ Jul 23rd 2007 5:28PM
The guy actually says about that Horse and Me game...""We are looking forward to providing the horse-enthusiast community with a rich and authentic game that allows gamers to take care of and compete in a variety of challenges with their horse." I think I might be getting the problem here. Is the horse enthusiast community THAT large and how many of them are gamers? I'm sure somebody will bound in here explaining the Japanese and their love or horse racing games but I still think Atari should be looking to the gaming enthusiast first. Once they get their financial feet back on solid ground then they can gamble with games about dog grooming and the like. Release another 2600 complilation but make it playable on LIVE and you could make some quick cash.
Garrett @ Jul 23rd 2007 5:40PM
Joystiq wrote the article as if they were facing delisting due to the share being traded below the cap or insufficient volume of shares being traded, which is not the case. This actually doesn't mean that much and isn't an uncommon thing to happen.