Atari Gets Second Nasdaq Warning, Halves N.Y. Office Space

Authored by Mark Hefflinger on August 20, 2007 - 11:22am.

New York - Struggling video game publisher Atari said late Friday that it has received a second notice from the Nasdaq that its shares are in danger of being delisted, this time due to failure to file its quarterly report on time.

The company said it cannot file the quarterly report until it completes its restated prior year-end results, which have been delayed while Atari determines if any changes are needed with regard to "certain severance matters."

A hearing with Nasdaq to appeal its delisting has been scheduled for Aug. 30.

New York-based Atari also reported in an SEC filing that it has halved its New York office space, and will now pay $1.2 million in rent per year as opposed to $2.4 million.

 

Related Links:
http://biz.yahoo.com/prnews/070817/nyf038.html?.v=100

http://biz.yahoo.com/e/070817/atar8-k.html

http://www.atari.com

tags: Games | Atari | Nasdaq | Financials |


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