Company News Atari stock fun

[Saint_Proverbius]

Tags: Atari

<A href="http://www.thestreet.com/">TheStreet.com</a> has a <A href="http://www.thestreet.com/_more/stocks/media/10236436.html">little blurb</a> about <A href="http://www.atari.com">Atari</a>, the guys who own the exclusive D&D and D20 rights, getting in hot water with Nasdaq. Here's a bit about the why:
<br>
<blockquote>In a letter on Tuesday, Nasdaq warned Atari that didn't comply with stock market listing requirements, since it currently has just two board members on its audit committee, neither of whom qualifies as a financial expert, Atari said in a regulatory filing Wednesday. The company has until Aug. 17 to submit a plan for coming into compliance, Atari said. "Atari will submit the requested compliance plan to the Nasdaq on or before Aug. 17 and will promptly respond to and address any questions or concerns communicated by the Nasdaq regarding such plan," the company said in the filing.</blockquote>
<br>
I can kind of see Nasdaq's point but then again, their rules haven't exactly gotten them back to the 5k range.
<br>
<br>
Thanks, <b>DemonKing</b>!

 

[bryce777]

SHORT!!!

 

[DarkUnderlord]

In a letter announcing his resignation, which Atari included in a recent filing, Mitchell was particularly scathing of the company's lack of progress in turning itself around. Despite plans to untangle Atari from corporate parent Infogrames, the companies are still intertwined, a minority of Atari directors are independent and the company is involved in "many" related-party transactions, he said.

Maybe they'd be doing better if they didn't publish shitty games that are full of bugs?

 

[Country_Gravy]

In a letter announcing his resignation, which Atari included in a recent filing, Mitchell was particularly scathing of the company's lack of progress in turning itself around. Despite plans to untangle Atari from corporate parent Infogrames, the companies are still intertwined, a minority of Atari directors are independent and the company is involved in "many" related-party transactions, he said.

Maybe they'd be doing better if they didn't publish shitty games that are full of bugs?

Dude, that is not good business sense. You mean make a product that someone would actually WANT TO BUY??? It would never work.

 

[Saint_Proverbius]

Maybe they'd be doing better if they didn't publish shitty games that are full of bugs?

To be fair, it seems that even their good games are full of bugs.

 

[Sarkile]

And what good games have they published?

 

[Naked_Lunch]

ToEE? Gothic II?

Um, I think that's about it.

 

[Whipporowill]

ToEE? Gothic II?

Um, I think that's about it.

They were producers of ToEE as well, if I recall? Gothic II they hardly even published... it took them fucking ages (a couple of years more than needed) to get the game out.

 

[Claw]

UT2004

 

[Seven]

In a letter announcing his resignation, which Atari included in a recent filing, Mitchell was particularly scathing of the company's lack of progress in turning itself around. Despite plans to untangle Atari from corporate parent Infogrames, the companies are still intertwined, a minority of Atari directors are independent and the company is involved in "many" related-party transactions, he said.

Maybe they'd be doing better if they didn't publish shitty games that are full of bugs?

Very pessimistic. Isn't this what we used to say about Interplay, and look how well they're doing now...

 

[Kuato]

Sell Mortimer .... Sell,Sell,Sell!!!!!!!!!!!!!!

 

[Saint_Proverbius]

ToEE? Gothic II?

Um, I think that's about it.

Boiling Point.

 

[Naked_Lunch]

I was gonna put that, but's it's a bit too buggy as of now. If they can clear that up, then yeah.

 

[Stark]

Atari in trouble... would that spell trouble to Obsidian's NWN2?

 

[corvax]

I seriously doubt it. NWN is a hot commodity with a huge (unfortunate) fan base. Basically the game is bound to make money with very little risk involved.

 

[Kuato]

I seriously doubt it. NWN is a hot commodity with a huge (unfortunate) fan base. Basically the game is bound to make money with very little risk involved.

NWN2 and Path of Neo - two sequels that are 100% certain to be the slam dunkinest

nothing is for certain but I would feel a whole lot better about NWN2's chances if there was some sort of coverage on it, has anyone seen anything substancial from NWN2 yet??

 

[autolycus]

Sell Mortimer .... Sell,Sell,Sell!!!!!!!!!!!!!!

hahah... get those brokers back in here! turn those machines back on!

kuato knows all... and cannot be stopped... except by another martian with a machine gun and five kids to feed.

 

[Major_Blackhart]

Troika? I thought they disbanded. Anywho, you guys find new jobs I hope? Cause you were all talented as fuck.

 

[LlamaGod]

Troika's death is a hoax, they are making Fallout 3 and Arcanum 2 as we speak.

OR ATLEAST THATS HOW IT SHOULD BE.

 

[DarkUnderlord]

Troika died?

 

[Twinfalls]

Troika died.

Atari the useless bastards failed to get the Gothic 2 expansion out at all.

 

[Elwro]

Atari the useless bastards failed to get the Gothic 2 expansion out at all.

WTF? The expansion has been out in Poland for a long time and it's a smash hit. In Germany too, I'm sure.
And Atari had nothing to do with it.

 

[Excalibur]

Sell Mortimer .... Sell,Sell,Sell!!!!!!!!!!!!!!

hahah... get those brokers back in here! turn those machines back on!

kuato knows all... and cannot be stopped... except by another martian with a machine gun and five kids to feed.

hm i was wondering what was going on with troika guys, then i saw that... maybe they resurected the company!!!

 

[Twinfalls]

Atari the useless bastards failed to get the Gothic 2 expansion out at all.

WTF? The expansion has been out in Poland for a long time and it's a smash hit. In Germany too, I'm sure.
And Atari had nothing to do with it.

Exactly. It had to be taken out of Atari's hands to be published at all. The English version STILL hasn't seen the light of day, despite it being completed (voice acting etc) something like 2 years ago. The devs even made some comment like 'we don't know what Atari is doing with our game'.

The head of Atari recently stated their philosophy: If it's not a game they are prepared to back up with major advertising (tv ads), they will not publish it at all.

 

[Elwro]

Exactly. It had to be taken out of Atari's hands to be published at all.

JoWood was the publisher of Gothic 1 and Gothic 2. JoWood is, too, the publisher of the Night of the Raven expansion. Are you trying to tell me that Atari had the publishing rights somehow in between, and just sat on them and didn't publish the expansion? Or is it just so that the european and US publishers are different? The whole affair is really strange.