Path: utzoo!utgpu!news-server.csri.toronto.edu!rutgers!cunixf.cc.columbia.edu!cunixa.cc.columbia.edu!cmm1 From: cmm1@cunixa.cc.columbia.edu (Christopher M Mauritz) Newsgroups: comp.sys.atari.st Subject: Re: Atari Financial condition Message-ID: <1990Mar26.044419.11661@cunixf.cc.columbia.edu> Date: 26 Mar 90 04:44:19 GMT References: <5780002@acf5.NYU.EDU> <28271@cup.portal.com> <1990Mar25.184244.7530@murdoch.acc.Virginia.EDU> Sender: usenet@cunixf.cc.columbia.edu (The Network News) Reply-To: cmm1@cunixa.cc.columbia.edu (Christopher M Mauritz) Organization: Columbia University Lines: 35 In article <1990Mar25.184244.7530@murdoch.acc.Virginia.EDU> gl8f@astsun9.astro.Virginia.EDU (Greg Lindahl) writes: > >>As for the comment that "it seems clear that Atari is entering a new >>product cycle"... Atari is *ALWAYS* entering a "new product cycle".. >>Real Soon Now, Second Quarter, by the End of the Year... perhaps >>Wall Street has caught onto Atari's "Boy who cried Wolf" tactics..? > >Yes, but this time they delivered new products (STe, Lynx, Portfolio) >and revenues and income are rising instead of falling. A new product >cycle isn't something a company announces, it's something you can see >in the financial figures. And the financial figures say that revenues >are up. Greg, I must take issue with your interpretation of the facts and figures. The sales trend for Atari Corp is DOWN. Their "increase" in revenue does not exist. Sure, their revenue did increase last quarter to $4 million from an $84 million loss. C'mon, I know you're a big ST fan, but your standing up for Atari Corp's finances like this is a bit foolish. Meanwhile, their backoffice expenses are rising alot more quickly than their "profits." I am not senselessly flaming this company, but the numbers tell a much different story than you suggest. BTW, keep your eyes out for Moodys to downgrade Atari's $75 million europaper from B3 to ???.... > >Greg Lindahl >gl8f@virginia.edu I gave my lunch for space-sickness research. ------------------------------+--------------------------- 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 |Air Warrior is king! ------------------------------+---------------------------