Nasdaq: Atari could be delisted, market value too low

23 Comments by Christopher Grant Dec 27th 2007 8:30PM
Filed under: Business

For the second time this year, Atari has received a warning from Nasdaq that its stock could be delisted. This time, the violation doesn't concern a tardy financial report, rather the market value of the ailing video game publisher's stock, which is below $15 million. If that number stays below $15m for thirty consecutive days, the stock will be delisted (and we can't imagine that's going to go over well with investors).

That isn't the end of the line for Atari though; they'll have until March 20th to get their ship in order and, barring that, they'll be able to appeal the decision. Really, it pains us to watch this once proud video gaming brand dragged slowly to its death. Let's hope Midway's Hollywood plan saves that company from a similarly grim fate.

[Thanks, Vytenis]

Tags: Atari, Nasdaq

Read

(Page 1) Reader Comments

chispito: Dec 27th 2007; 8:41PM

Sorry, a company could be old as dirt and the very mention of its name could give me nostalgia goosebumps, but if its strategy involves focusing on movie tie-ins, then I hope it dies a speedy, if undignified, death.

What about Atari? What basket are they putting their eggs in?

Moorio: Dec 27th 2007; 11:14PM

Gamers don't give a crap about shitty game company.

Wall Street agrees.

mr nimblewick: Dec 27th 2007; 8:57PM

I think they sould go back to making short arcade type games and then go with complete online distribution through live, psn and wiiware.

flYY: Dec 27th 2007; 10:29PM

i think you should buy them out and do just that.

it's better than anything they've come up with lately

mr nimblewick: Dec 27th 2007; 11:40PM

I know, right, I just saved their company. Now where's my millions?

Mike: Dec 27th 2007; 9:08PM

M$ should just buy them up for exclusive rights to old school titles for XBLA and as a small dev house under MGS. Throw money at them and let them play. Worked wonders for Bungie.

Shockgamer: Dec 28th 2007; 4:41PM

Not so much for Rare.

Smoke_Dawg_187: Dec 27th 2007; 9:15PM

I really enjoyed Trivial Pursuit: Unhinged on the OG Xbox. I'd love to see a new version for the 360 using the Scene-It Controllers. C'mon Atari!

milestailsprowe: Dec 27th 2007; 9:16PM

Microsoft/nintendo/sony should buy them so they can reivnet them for old school franchise's for their consoles if not hteir download services

T3H WICKERMAN (FDF): Dec 27th 2007; 9:41PM

If only the great and powerful Nolan Bushnell would decsend from his 8 bit cross and heal this sick company. P s i took my son to chucky cheese tonight and it still stinks.

Hater234: Dec 27th 2007; 9:43PM

Poor Atari.
When I was a child, I use to play Atari Arcade games.
but sadly I think this is the end for Atari.
Because, who wants to buy a video game company that deals with so many issues?

The Artist formally known as Jesus: Dec 27th 2007; 10:50PM

there's only one way for Atari to bounce back from this
Build a new game system!
hooray!

LilCo187: Dec 27th 2007; 10:53PM

"Really, it pains us to watch this once proud video gaming brand dragged slowly to its death."

My god people it was like the late '70s/early 80's. Get over it.

As a side note: Atari was THE reason for the death of my brother's game that was churning right along thru development until they partnered with Atari. This game: http://www.boanergesstudios.com/Agdn.php right here.

sp: Dec 28th 2007; 12:08AM

jeez, i'd hate to be your parents/grandparents. "yeah, gramps, you're bout to kick the bucket, so what? what have you done for me lately?".

Lijik: Dec 27th 2007; 11:27PM

The only reason I care about Atari dying is that the future of more Asterix and Obelix platformers devolped by Etranges Libellules would be in jepordy.

ComradeTrotskii: Dec 28th 2007; 12:29AM

This isn't really Atari dying though is it? The name only exists as a marketing tool for what used to be Infogrames.

The 'real' Atari died a long time ago.

Still, sad to see the name being destroyed.

Bucket: Dec 28th 2007; 3:58AM

Atari is EA's future. Back during the days of the 2600, they didn't give programmers or anyone else proper credit on the games they wrote. Their solution to a problem was to throw more money and bodies at it. Deadlines didn't change, though-- even at the expense of a subpar release. A few Atari employees splintered off and created Activision to resolve that problem. Ironically, EA came about only a few years later and produced some real quality stuff on 8-bit platforms.

the_game_master: Dec 28th 2007; 7:03AM

Looks like its the end of the road for Infrogames.

mr nimblewick: Dec 28th 2007; 11:35AM

Thank god, I could never say their name.

ThornedVenom: Dec 28th 2007; 10:00AM

In a limbo contest, Atari is king.

justly: Dec 28th 2007; 3:00PM

If only they can come out with a test drive 2 with some needed improvement it can be a AAA racing game. it did a lot of things right. Open world online play. detailed cockpit view. just tighten up the handling and other physics and it can actually sell like games like PGA and Forza. It so far has been the only game with continuous car downloads.

MCX: Dec 28th 2007; 7:59PM

Alone in the Dark 5 looks cool. Also Test Drive Unlimited was coo.

GrossGreg: Dec 30th 2007; 4:31PM

Unfortunate, of course.

Silent Hill: Homecoming brings home several videos Learn about Rise of the Argonauts in this video interview SOCOM Confrontation: new screens showcase action, UI	Hybrid Theory: Death Knight distress Around Azeroth: Tastes like burning Breakfast Topic: How does a raiding guild avoid the fate of Death and Taxes?
HouseMarque's XBLA game: Golf Tee it Up Frank O'Connor leaves Bungie for more Halos Community Content: Back at Blackout Edition	Wii Warm Up: Rock Band, you don't have to put on that red light Headache de Amigo: busy screenshots, possible maracas Dr Mario: Take ten of these screenshots in the morning
DS Daily: The pretty colors DS Fanboy Lite: May 10 - May 16 Metal Slug 7 trailer introduces new Super Vehicles	Crush gets smashed to $15 The funky fresh intro of Phantasy Star Portable Bleach: Soul Carnival trailer hidden in Heat the Soul 5

Breaking News »