Gamasutra - Atari Delisted From Nasdaq


				\|\|\|\|

BlizzCon: StarCraft 2 To Release As Trilogy Of Games [10.10.08] In a surprising announcement made during the currently-ongoing BlizzCon event in Anaheim, California, Blizzard announced that it plans to release its upcoming RTS sequel StarCraft II as a trilogy of games, each focusing on one of the franchise's playable races.

In-Depth: Why Halo's Multiplayer Almost Didn't Make It [10.10.08] One could argue that the multiplayer component in Bungie's original Halo: Combat Evolved single-handedly made Microsoft's Xbox a staple in college dorms nationwide and gave the fledgling console a foothold. Multiplayer designer Hardy LeBel tells Gamasutra how that mode almost never saw the light of day.

TGS: Turbine's Crowley On 'MMO 2.0' [10.10.08] In a TGS Forum keynote attended by Gamasutra, Turbine CEO Jim Crowley spoke to an overwhelmingly Japanese audience on the collision of social networking, virtual worlds, and online games, revealing a Facebook-style social network plan for its games such as Lord Of The Rings Online.

[More News] [Search News]

Next-Gen Audio Square-Off: PlayStation 3 vs. Xbox 360 [10.10.08] Next-gen's about more than graphics -- here, Xbox 360 and PlayStation 3 go head to head in the audio arena.

Sponsored Feature: XNA Game Quality: The Certification Story [10.10.08] In the latest Microsoft-sponsored article, part of the Gamasutra XNA microsite, Microsoft's Nick Bodenham, Andrew Donnelly, and Michael lay out the processes that go into certifying Xbox 360 and Games for Windows releases.

The Designer's Notebook: Bad Game Designer, No Twinkie! IX [10.09.08] Designer Ernest Adams is withholding the confections again, taking big design mistakes to task in this ninth installment of his seminal series.

[View All Features]

Industry News

May 9, 2008

Atari Delisted From Nasdaq

Atari Delisted From Nasdaq After months of warnings, officials from Atari, Inc. have revealed that the company has received a letter from the Nasdaq stock market stating that the company will be delisted from the Nasdaq Global Market and trading in its shares suspended.

Officials from Atari will request a review of the decision from the Nasdaq Listing and Hearing Review Council, but this will not delay the suspension of trading due to start today. The company expects that it will instead be quoted on the “Pink Sheets” – an electronic quotation service allowing continued trading of delisted companies – and possibly the OTC Bulletin Board.

The delisting has arisen because Atari’s publicly held shares failed to maintain an aggregate market value of $15.0 million or more for a minimum of ten consecutive business days prior to March 20th, 2008.

The delisting was delayed after Atari officials requested a hearing before a Nasdaq Listing Qualifications Panel, but the panel ruled that the delisting process would continue - despite French parent company Infogrames’ offer to acquire all outstanding common shares.

Atari officials will now request that the Nasdaq Listing and Hearing Review Council review the Nasdaq hearings panel decision. The company has already indicated that it does not expect the delisting to affect the pending merger with Infogrames.

POSTED: 04.30AM PST, 05/09/08 - David Jenkins - LINK

Comments