Atari plays "Pong" with Nasdaq and is losing

ataridownThe Atari saga continues as it fights to survive and live on as a game company.

Previously, NASDAQ informed Atari in December of last year that if it didn’t maintain a certain market value for 10 straight consecutive business days, $15 million to be specific, it would be delisted from the rosters of the NASDAQ stock exchange.

Delistings often mean the company backing the stocks is on their way down or is going out of business.

In the meantime, Atari is asking for a hearing before the NASDAQ Qualifications Panel to appeal its move to drop Atari because of the recent proposal by Infogrames to buy up all of Atari’s shares.

Atari has a faltering lineup of games in its library with the Dragonball Z franchise shoring up the sagging Atari brand while the rest of its portfolio being average at best. For Atari to succeed, it will have to step up its efforts in providing new and exciting IPs which will give the brand name new luster and recognition with gamers.

[via next-gen]


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Author: GamerNode Staff View all posts by

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