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If you enjoy reading this site, you might also want to check out these Think Services sites:
 Game Career Guide (for student game developers.)
 Indie Games (for independent game players/developers.)
 Finger Gaming (news, reviews, and analysis on iPhone and iPod Touch games.)
 GamerBytes (for the latest console digital download news.)
 Worlds In Motion (discussing the business of online worlds.)
 Game Set Watch (the Group's alt.game weblog.) |
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Atari Receives NASDAQ Delisting Notice
by Staff
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July 20, 2007
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Publisher Atari has announced that it has received a delisting notification from NASDAQ, as it has yet to file its fiscal 2007 annual report pending determinations on accounting entries on "certain severance matters."
The company was last under threat of delisting last September as it was struggling to maintain NASDAQ rules that require common stock remain above one dollar per share, though it had since recovered.
Atari says it is endeavoring to make the severance-related entries "as quickly as possible" to file the Form 10-K prior to its requested meeting with the NASDAQ Listing Qualifications Panel where it will appeal the NASDAQ Staff Determination.
NASDAQ warnings have been fairly frequent as of late, but infrequently result in actual delisting, with recent recoveries being made by Majesco, THQ, and Take-Two.
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