Atari Is dying

[shadowprophet]

Recently yet another nail had been pounded into Atari's coffin.After losing one of their premier license "the DBZ franchise" to Namco bandai.

Atari has more recently been warned by Nasdaq That it has 90 days or until march 20'th To pull itself into shape or it will be removed from the Nasdaq index. Basically ruining its stock interest and killing the business as a competitor on any level.

It's sad, like a lot of you, my first video game console was an atari. We have all seen them struggle for years to compete in an overly competitive "rat race market" Only to come up short. And now It seems the curtain is closing on a legend, but not with a bang or a whimper. Just a soft eerie sigh.

Here is the full article from forbes.com

NEW YORK -

Struggling video game developer Atari Inc. said Thursday it received a warning from Nasdaq that its shares could be delisted because the market value of its stock is less than $15 million.

If the market value of Atari's publicly held shares, or the number of shares outstanding minus any shares held by officers, directors or beneficial owners of 10 percent or more of the company, falls below $15 million for 30 consecutive days, the stock will be delisted.

Atari has 90 days, or until March 20, to regain compliance with the rule. If it receives a notice of delisting after that time, Atair may appeal the decision.

Atari shares fell 4 cents to close at $1.44 on Thursday. The company had about 13.5 million shares outstanding as of Sept. 30, according to its fiscal second-quarter financial statement filed on Nov. 19.

It's just sad. I think we all saw it coming some day. But Still credit should be given to the legend that Is atari. Without them as the pioneers of the industry, where would we be today?

[Kaiser]

Remember SP.

This isn't that ATARI

This is merely a company who bought the name and rights to the ATARI name. This ATARI is merely 'Infogrames' reborn in 2003 with a new name. The old classic ATARI died decades ago, and than was reborn in the early 90s (that 2nd Atari died again with the Jaguar).

ATARI will never die, its too much of an iconic name to be abandoned.

[shadowprophet]

Remember SP.

This isn't ATARI

This is merely a company who bought the name and rights to the ATARI name. This ATARI is merely 'Infogrames' reborn in 2003 with the Atari shell. The old classic ATARI died decades ago, and than was reborn in the same way it was recently in the early 90s (that 2nd Atari died again with the Jaguar).

Wow I didnt know that, So the original atari has been dead since the market crash, back in the day .

that changes a lot then. Infogrames as I remember was a second rate developer possibly third rate even

This isnt the Atari I was fondly
remembering then

That actually makes me feel better

[bah]

It's been dead for a long time, pumping up its corpse with venture capital and propping it up against a wall doesn't count as life.

[shadowprophet]

It's been dead for a long time, pumping up its corpse with venture capital and propping it up against a wall doesn't count as life.

Heh, *does his happy, "it's not really atari after all" dance :thumbup:

[fanze]

Whats going to happen to Unreal? Who will publishing it?

[DarthPaul]

Atari sucks.

[JKKDARK]

I don't like any games developed/published by Atari

[Sonicboy 101]

Atari started dying when E.T came on it!

[Shadowblind]

Infogrames is one of my favorite developers of the old time. They made Mechwarrior 3 and Roller Coaster Tycoon.


Don't make fun of em