PS3 fighter Naruto: Ultimate Ninja Storm, which will be with us on 7th November. in October, we can expect PC, Xbox 360 and PS3 shooter Legendary. October also sees the release of DS games Equestrian Training on the 13th, and What's Cooking? With Jamie "Pukkachu" Oliver on the 17th. My Horse and Me 2 for Xbox 360, PS2, Wii and DS rounds the month off on the 31st.
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Reuters reports that Atari has received a delisting notice from NASDAQ because it failed to file its financial report for the fiscal year ended March 31.
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Atari has announced that it will report a wider-than-expected loss for the fiscal year ended March 31. As reported last month, Atari delayed filing its annual report in order to determine the amount of a goodwill impairment charge related to erosion of its market capitalisation. The company now says it will report a loss of USD 71.3 million, or USD 5.29 a share, compared with a lost of USD 69 million for the prior year. Without the goodwill impairment charge, Atari would have posted a loss of USD 17.2 million, or USD 1.28 per share.
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Atari has sold its Test Drive IP, in wake of its financial woes.
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"The company announced today that CEO David Pierce has resigned his position with the company and a search is on the way for a successor. Pierce ends his run at the helm of Atari after just over a year on the job. "
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"[...]losses of more than 50% over the same period in 2006 -- from $19.5 million in revenue in 2006 to just $10.4 million."
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Atari announced today that it has filed its delayed fiscal report for the year ending March 31, 2007. Net revenue was $122.3 million, down significantly compared to the $206.8 million posted in the previous year. The net loss for the fiscal year was $69.7 million, or $5.17 per share, flat compared to net loss of $69.0 million, or $5.36 per share, for last year's revenue period.
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Atari Reduces Workforce by 20 Percent
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Atari has announced that it will distribute five new titles with 1C in the US this fall. The titles include You Are Empty, Death to Spies, Dawn of Magic, Fantasy Wars, and Swashbucklers.
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Atari has signed a new agreement with Russian games firm 1C Company to distribute and co-publish a range of titles for the US market.
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