Path: utzoo!attcan!uunet!tut.cis.ohio-state.edu!ucbvax!CUNIXA.CC.COLUMBIA.EDU!cmm1 From: cmm1@CUNIXA.CC.COLUMBIA.EDU (Christopher M Mauritz) Newsgroups: comp.sys.atari.st Subject: Atari Financial condition Message-ID: Date: 21 Mar 90 15:08:12 GMT Sender: daemon@ucbvax.BERKELEY.EDU Lines: 42 OK, I have finally dug up the reports on Atari's financial condition (which isn't too good). I have reviewed the agreement between my company and the source of the report and I don't feel comfortable about posting it to the net. (Getting sued would really bum my ride.) So all who are interested (within reason) send me an email request and I'll send you the highlights of the report. thank you for you patience. For all those who have been doubtful about the decline of Atari's finances, just take al look at their current ($6) stock price. If I am not mistaken, Atari was selling at an all time low of 4.5 right after the Black Monday crash. About 6 months ago (I beleive) it was selling as high as $11-12. Now the stock market is at an all-time high and Atari's stock is sitting near the basement again. Everyone on Wall St. knows that Atari is in financial trouble and consequently the stock has lost most of its recent value. Even the release of the much-touted TT will really not help too much, as it will take some time to gear up production and a 16mhz 68030 machine is really not much of a splash (compared to what it would have been a year ago) and will not generate and incredible amount of interest in Atari (except for the loyal userbase it already has (most of whom cannot afford a $3K machine anyway)). Face it, Atari is lounging around on its haunches TRYING to release a 16 mhz 68030 machine while most other manufacturers have had one out for some time now and have subsequently released 25mhz and 40mhz machines. Where does this leave Atari? In trouble...big trouble. They are making money in other eareas, but in computers expect them to take some hefty losses in the next 1-2.5 years. As ever, this is my own humble opinion. Your mileage may vary. Chris ------------------------------+--------------------------- Chris Mauritz |Where there's a BEER, cmm1@cunixa.cc.columbia.edu |there's a plan. (c)All rights reserved. | Send flames to /dev/null |Need I say more? ------------------------------+---------------------------