Quick Jump Daily Digest

Thank you for your interest in the Quick Jump Daily Digest. Get notified of all new content on QJ in our free Daily Digest. To subscribe, enter your email address below and click the subscribe button.


Email Address:


Email will come from "donotreply@caputomedia.com". Please whitelist this email address.

Cancel and Return to page

Atari faces NASDAQ delisting again

Posted Mar 26, 2008 at 4:54PM EST by QJ Staff

Listed in: Mods, News Tags: Atari, Infogrames, NASDAQ
Ó

Atari - Image 1 


It's always a sad affair whenever we hear a certain beloved videogame developing company being down in the dumps. Such is the case with Atari, who had once again been put on notice by NASDAQ. Yes, they're in that sort of dump - the financial dump - and as such, NASDAQ has ruled that Atari's name will be stricken off the charts. This isn't the first time that it's happened to Atari - in fact, they've been warned by NASDAQ many times before, in light of the company's ever-decreasing value.

What happens now, then? Atari missed the deadline that NASDAQ gave it to raise its stock value to above the US$ 15 million cut-off point before March 20, 2008 and so a delisting seems to be in order. Which is pretty bad for the company who literally invented videogames.

Of course, all may not be lost. Atari has declared that it intends to request a hearing before a NASDAQ panel in order to appeal the delisting. This is just in time, considering that Infogrames intends to acquire all of the remaining outstanding shares of Atari's common stock. But with that news, there's also the deal of the request being denied by the panel itself. So there's no guarantee that there will be a hearing - fingers crossed, in any case.



This story sucks? This story rocks!
Vote Now!    This story ROCKS! (0) This story SUCKS!! (0)




Become a Member of QJ.Net!

If you want your comments to go live without waiting for moderation, you need to be logged in. Being logged in has its benefits:
  • Logged in members do not wait for their comments to be approved.
  • Logged in members can sign up for nightly updates.
  • Logged in members can create Profiles to be seen by other users.
So why wait? Create an account or login now! It's easy, quick, and free.

To get started, use the LOGIN boxes, or the REGISTER link at the top right!

Comments 


 
# .LordQuas431 2008-03-26 20:23
Here he comes, here comes John Wayne



"I'm not going to cry for my pa, I'm going to build a airport, put my name on it"



Why Atari, so you can fly away from your dreams?

Reply
 

 
# CARE NOTNomadHeath 2008-03-27 08:51
Atari (in name only) can die for all I care. Last Atari game I played was Godzilla Unleashed. Before that, Enter the Matrix. Ugh.

Reply
 

 
# The Fate of Their GamesKaruto 2008-03-27 09:02
I only hope that this does not jeopardize the release of either the updated Witcher or the new Alone in the Dark. Witcher was already a great game in its own right, but AITD looks like it will completely revolutionize itself and help boost the genre that has been monopolized by Resident Evil. We can only help Infogrames is ready to help Atari fight back.

Reply
 

Add comment

Security code
Refresh


Welcome to QJ.Net!

If you want your comments to go live without waiting for moderation, you need to be logged in. Being logged in has its benefits:
  • Logged in members do not wait for their comments to be approved.
  • Logged in members can create Profiles to be seen by other users.
So why wait? Create an account or login now! It's easy, quick, and free.

To get started, use the LOGIN boxes, or the REGISTER link below!



Want to learn more about the team who brings you the QJ news?

Read about them now!


RSS Feeds Follow us on Twitter Find us on Facebook
Login:

HOT FLASH GAMES

Monster Truck Jumper

Left to Die

The Empire 2

Dark Dimension

Town Drift Competition

Heroes of the Sword