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Game over for Atari?
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Posted by Donster on: 2007-11-07 15:43:45 463
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Publisher expresses "substantial doubt" about its own future in belated quarterly filing; revenues shrink to $10M as losses rise to $12M.
By Brendan Sinclair, GameSpot
The Atari name has been tied to periods of tremendous success and financial failure. It is currently weathering a rocky couple of years that has seen the Infogrames subsidiary cease all internal development of games, sell off valuable studios and properties, institute wide-ranging layoffs, repeatedly flirt with delisting from the Nasdaq stock exchange, fight to retain the lucrative Dragon Ball Z license, and unexpectedly overhaul its board of directors, much to the chagrin of some investors.
Read on...
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