Atari posts narrower loss as cash dwindles

Iria · Jun 15, 2006, 04:25 AM

Source: Reuters
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LOS ANGELES (Reuters) - Video game maker Atari Inc. on Wednesday posted a narrower quarterly loss as it sold assets to shore up its troubled finances, but said it only has enough cash on hand to last through some time during its current fiscal year.

The money woes for Atari, which again warned there was "substantial doubt" about its ability to continue as a going concern, come amid a move to new video game console technology that has sidelined some buyers and hampered U.S. game sales.

calidan · Jun 15, 2006, 06:07 AM

Atari's stock is 60 cents!!!! They need to stop releasing crap games and get some good ones out.

mike2h · Jun 15, 2006, 05:04 PM

& maybe try some real customer support & not releasing games before they ar actually playable.

Jun 15, 2006, 04:25 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Atari posts narrower loss as cash dwindles Source: Reuters ___________ LOS ANGELES (Reuters) - Video game maker Atari Inc. on Wednesday posted a narrower quarterly loss as it sold assets to shore up its troubled finances, but said it only has enough cash on hand to last through some time during its current fiscal year. The money woes for Atari, which again warned there was "substantial doubt" about its ability to continue as a going concern, come amid a move to new video game console technology that has sidelined some buyers and hampered U.S. game sales.

Jun 15, 2006, 06:07 AM	#2
calidan Frozen in Carbonite Join Date: Mar 2003 Location: Kansas City, MO Posts: 1,409 Rep Power: 0 System Specs	Atari's stock is 60 cents!!!! They need to stop releasing crap games and get some good ones out. __________________ Steam Community :: ID :: calidan "Don't try to be like Jackie. There is only one Jackie.... Study computers instead." - Jackie Chan

Jun 15, 2006, 05:04 PM	#3
mike2h DriverHeaven Extreme Member Join Date: Nov 2002 Location: norcal Posts: 6,483 Rep Power: 91 System Specs	& maybe try some real customer support & not releasing games before they ar actually playable. __________________