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Atari's Fiscal Year End Report @ Gamasutra

by Kalia, 2006-06-13 17:27:00
www.gamasutra.com">Gamasutra</a> is carrying an article entitled "Analyst: Struggling Atari Results Below Expectations?" The article is based on a stock report by Wedbush Morgan Securities. Outlined in the article are the well-known and publicized problems that Atari has had recently along with the expectation that tomorrow's year end report will reveal a poor fiscal fourth-quarter showing. Still, the report ends on a high note:<br><br><em><blockquote>However, the report concluded by stating: a SWe continue to believe that Atari is taking the right steps to return to sustained profitability, although it appears that the process will take much longer than previously expected, and senior management vacancies increase the companya "!s risk profile.a ?<br><br>It added: a SThe company intends to focus on making fewer, higher quality games, and upon simplifying its relationship with parent company Infogrames. We believe that the vacant CEO and CFO positions place a great strain on the talents of interim CEO Bruno Bonnell, and dramatically increase the execution risk involved.a ?</blockquote></em><br><br>Read the rest <a href="http://www.gamasutra.com/php-bin/news_index.php?story=9701">here</a>.
Source: NWN 2 Warcry

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