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Prospector
Profile
928-09
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| Atari, Inc. |
NAICS |
511210 |
| 417 Fifth Ave.
New York, NY 10016 |
Description |
Software Publishers |
| (212) 726-6500 |
Employees |
143 |
| http://www.atari.com |
Revenue |
(mil) |
122.2900 |
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Income |
(mil) |
-69.7100 |
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Assets |
(mil) |
42.8200 |
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Liability |
(mil) |
39.7300 |
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(for the year ended 2007-03-31) |
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Category:
Audit Concerns
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Event:
Deloitte & Touche LLP expressed substantial doubt about Atari, Inc.'s ability to continue as a going concern due to its significant operating losses. The Company posted a $69,711,000 net loss on $122,285,000 of total revenues for the year ended March 31, 2007, as compared with a $68,986,000 net loss on $206,796,000 of total revenue in the prior year. At March 31, 2007, the Company's balance sheet showed $42,819,000 in total assets and $39,725,000 in total liabilities, resulting in a $3,094,000 stockholders' equity.
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Intellectual Property:
The Company has a significant library of well known properties licensed from Infogrames Entertainment S.A., including Dragon Ball Z, Alone in the Dark, Asteroids, PONG, Missile Command and Centipede, Dungeons and Dragons, Earthworm Jim, RollerCoaster Tycoon and Godzilla. The Company licenses the Atari trademark from Atari Interactive, Inc. The Company develops proprietary software titles and has obtained the rights to publish and distribute software titles developed by third parties. The Company relies primarily on a combination of confidentiality and non-disclosure agreements, patent, copyright, trademark and trade secret laws, as well as other proprietary rights laws and legal methods, to protect proprietary rights. [SEC Filing 10-K 09-18-07]
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Description:
The Company publishes, develops, and distributes video game software in North America.
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Officers:
David Pierce (CEO); Arturo Rodriguez (CFO); Thomas Schmider (COO); Robert Lazzara (VP of Fin.)
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Auditor:
Deloitte & Touche LLP
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Securities:
Common Stock Symbol ATAR; NasdaqGM;
13,477,920 common shares outstanding as of Sept. 10, 2007
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