ATARI HEMMORHAGING MONEY
(Posted 2007-07-03 15:29:26 by basscomm)

Atari recently posted its annual report for last year and is reporting a
loss of over $71 million dollars, a great deal of which is 'goodwill
impairment charges'. I am not an economist, but this doesn't look good for
the future of the company.
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"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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The article doesn't really say what a 'goodwill impairment charge' is, but
this site [ http://www.investopedia.com/articles/analyst/110502.asp ] has a
pretty concise explanation.

Link! [ http://www.gamesindustry.biz/content_page.php?aid=26314 ]
(GamesIndustry.biz [ http://www.gamesindustry.biz/ ]).

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