Path: utzoo!attcan!uunet!tut.cis.ohio-state.edu!rutgers!columbia!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: <1990Mar26.142503.14984@cunixf.cc.columbia.edu> Date: 26 Mar 90 14:25:03 GMT References: <5780001@acf5.NYU.EDU> <3204@draken.nada.kth.se> <1990Mar25.071703.3839@cunixf.cc.columbia.edu> <1990Mar26.071218.10123@chinet.chi.il.us> Sender: usenet@cunixf.cc.columbia.edu (The Network News) Reply-To: cmm1@cunixa.cc.columbia.edu (Christopher M Mauritz) Organization: Columbia University Lines: 42 In article <1990Mar26.071218.10123@chinet.chi.il.us> saj@chinet.chi.il.us (Stephen Jacobs) writes: >Chris very nearly admitted I was right a couple days ago that if Atari was >going to fold any time soon it would have done it already. Now he says >the're going down. Just because they aren't what he wants them to be, he >predicts doom. Exactly what doom are you referring to? I don't think I ever said Atari was in danger of going bankrupt, but they are in danger of continuing to lose money. >Again, it is perfectly obvious that with no expectations of any new products >and no payoff from R&D, Atari is good for a couple more years. They may >even have a VERY good year this year collecting their couple bucks a copy >on LYNX and Portfolio. If STacy comes out soon it should at least break >even this year. If the TT comes out by mid-Summer, Atari should survive at >least 5 more years selling those. Well, as Greg pointed out, that is where I disagree with you (and him). I think these products are a bit too weak to pull Atari out of the hole. IMHO, they need to come up with something a little more interesting to keep current ST owners in the stable and to attract new owners. >Chris, are you working on Wall Street? I got a couple of market letters >that predict a crash, with lots of financial services company new hires >losing their jobs. Yes, I am working on Wall Street. I am an analyst for a large Japanese bank (about 2 times a large as Citibank, US's largest bank) so I have no fears about my job security at all. I'll email more financials as they become available to me. > Steve J. ------------------------------+--------------------------- 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! ------------------------------+---------------------------