Atari Inc is in financial trouble. NASDAQ plan to delist the company:
Reuters (March 9, 2006):
" Atari Inc. said on Thursday it has received notice from the Nasdaq that it has until August 30 to get its shares above $1 for a minimum of 10 consecutive business days, or lose its listing on the exchange. The financially troubled video game maker has been cutting costs and employees in an effort to get its business back on track amid a switch to new video game console technology that is weighing on sales. On Thursday, Atari shares closed at 77 cents on the Nasdaq."
When Commodore went bankrupt in 1994, I heard they left behind US$ 300 M unpaid debt.
