About Judy

As WP's managing editor, I edit review and preview articles, attempt to keep up with the frantic pace of Rainier's news posts, and keep our reviewers on deadline, which is akin to herding cats. When I have a moment to myself and don't have my nose in a book, I like to play action/RPG, adventure and platforming games.

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Atari Revenue Shrinks, Losses Increase, 'Marc Ecko' (ALL) Delayed

by Judy on Nov. 3, 2005 @ 4:53 p.m. PST

Atari today posted a wider quarterly loss, as sales fell 44 percent mainly due to it releasing fewer titles amid a transition to new video game console technology. Net loss for the quarter was $25.2M, compared to a net loss of $16.9M at this time last year. Marc Ecko's Getting Up: Contents Under Pressure is getting pushed back from its November release date to Q4 (Jan-March 2006). Read more for further details ...

The seller of such games as "Indigo Prophecy" and "Dragon Ball GT: Transformation," had a fiscal second-quarter net loss that widened to $25.2 million, or 20 cents a share, from net loss of $16.9 million, or 14 cents, in the year-ago quarter ended September 30. Atari's loss from continuing operations in the most recent quarter was 19 cents per share. Revenue dropped to $38.4 million from $68.0 million. Analysts, on average, had expected the company to post a net loss of 14 cents a share and a loss excluding items of 18 cents a share on revenue of $30.5 million, according to Reuters Estimates.

In a conference call with analysts, Atari chief executive Bruno Bonnell called the retail environment "lackluster." He added that the company would be shipping major releases -- including its first Xbox 360 title "TimeShift" -- in the second half and soon announce two new directors. Microsoft is shipping its next-generation Xbox 360 console to North American stores on November 22. Game sales have slumped recently as consumers wait for games for the new system.

Atari in recent months has closed studios and sold non-core assets. Its parent company is Infogrames Entertainment of France. Company shares, which closed up a penny to $1.28 on the Nasdaq prior to its financial report, were unchanged in after-hours trade.

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