#Atari — The Truth
11 messages in this thread
This is the TRUTH about Atari Corp. (Note that there is NO Atari Games
corp listed on any stock exchange in this country). Early in June, the stock
went from appr. 6 to its current range of about 8-9.5. With today's drop in the
market, at around 3:30 ATC stock was at 8.75
A comparison of Atari's sales to Commodore's sales shows CBM
consistently sells over 2 times as much (in dollars) as Atari. This sprint,
Atari sold 88.8 million dollars compared to CBM's 210.2 million. Profit was 3.3
million vs. CBM's 12.4 million. From Summer 88 through Sprint 89 net income is
2.5 million vs. 72.4 million. My info lists a 97 million loss this Winter (i.e.
Christmas) for Atari, but that is too extreme and I believe it should be 9.7,
which is the basis for my 2.5 million net income.
Although we all know that CBM has posted its first losing quarter in a
while, Atari didn't do very well either. They had their loss last quarter, but
this summer's quarter the only had a net income of $327,000 i.e. atari barely
made a profit, VERY marginal.
All the news that's fit to print!
— Ethan
Atari Games is, I believe, still a division of Warner Communications. And
Tengen is a division of them. And neither bare any relation other than name
and history to Atari Corp.
Craig
Tengen is a division of Atari Corp. —Mike
Ethan, Atari really did lose that money, writing down their investment in
Federated Electronics, a chain of stores in southern California that reportedly
sold more Amigas than Ataris. Subsequently, Atari sur…er, sued the former
owners of Federated charging "We were swindled." Atari lost the suit. The LA
Times used to give the Tramiels lots of coverage in the Warner/Atari days.
Always lively reading when I lived there….should have saved the clippings.
The LA Times, well used to Hollywood goings-on, considered the Tramiels a class
scam unmatched at the time. Rob
Ethan,
If you really want to compare the health of two companies, it generally
pays to look at more than just sales and earnings. Get hold of a 10K and check
out the balance sheet and cash flow as well.
John
Ethan,
Atari Games is a totaly separate company, and part of Warner Bros. (or
it was last time I saw anything about it).
Don
As has been noted in other replies, Atari Games is not listed on any stock
exchanges because it is a not publicly traded. It is operated as a joint
venture of Warner Communications, and a Japanese company, Namco, Ltd. (with key
employees having a small piece of the pie. Tengen is a wholy owned subsidiary
of Atari Games. We are not related to Tramiel and the current Atari Corp
except historically and by the lawsuit we currently have with them. We (Atari
Games) are the current name of the old, original coin-op games division of the
old Atari Inc. We have a lot of oldtimers from that division (I am a veteran
of 15+ years, and there are several with more tenure than that). We like to
think of ourselves as the ORIGINAL and REAL Atari (Pong, Breakout, Asteroids,
Centipede, etc.), and the name confusion is a constant headache.
Lyle Rains, Atari Games
Lyle,
Thanks for clearing that up. Is the 94% drop related to the computer side
or the video side?
Steve
Ah, then Tengen IS Atari Games, not Atari Corp. I thought so.
Craig
I spent last night (and lotsa $$) playing the new coin-op racing simulator
that you (Atari) put out… the 3d effect and steering feedback were
incredible. It strongly reminded me of the Alan Hastings videos done with
Videoscape-3D. I was Most Impressed. –Eet–
Yain't seen nuthin' yet ( 8-D ) ! We were showing a new technology at
Siggraph which does tens of thousands of Garaud-shaded, texture mapped
polygons in real time ( Sho Graphics, a who;y owned subsid. of Atari Games
). It will take a while, but you WILL be seeing that technology in games
within a year or so. It'll make Hard Drivin' (our current simulator) look
pretty primative!