Nasdaq Threatens to Delist Atari
Posted by Shawn on Friday, December 28th, 2007 at 3:03 pm under Games Industry, Atari, Game Companies
Tagged: Atari, CD Projekt, delisted, infogrames, NASDAQ, shares, stock and the Witcher
Atari continues in its downward spiral as it is warned for the second time this year that Nasdaq may delist its stock. The market value of Atari’s stock has fallen below $15 million. If it fails to rally within thirty days it will be delisted. The company has suffered through a number of hardships this year from board firings, layoffs, late financial reports and withdrawal from game development. Atari isn’t down for the count yet. The company has until March 20th to get its affairs in order and barring that will be able to appeal the decision
It’s ironic that Infogrames bought the Atari name because of the marketability of the brand with the video game industry in the US. Now this incarnation is poised to suffer the same fate as the original company.
I’m just glad that CD Projekt only published The Witcher through Atari as it’s one of my favorite games for the year.
via Joystiq
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December 28th, 2007 at 4:40 pm
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March 22nd, 2008 at 3:38 am
[…] unknown wrote an interesting post today onHere's a quick excerptAtari continues in its downward spiral as it is warned for the second time this year that Nasdaq may delist its stock. The market value of Atari’s stock has fallen below $15 million. If it fails to rally within thirty days it will be … […]