Atari Losses Growing

Shack News is running an article about the continuing financial problems experienced by Atari. Q1 losses for 2007 amount to nearly $12,000,000, Atari faces delisting by the North American Stock Exchange.

By holding off on its recent quarterly report, and still missing the extended deadline by one day, Atari risks being delisted on the Nasdaq stock exchange.

The global video game publisher has been on the ropes for some time now. Facing growing financial instability, Atari recently grabbed up $10 million in credit to continue its operations into the holiday season. After selling off studios such as Shiny Entertainment, and many of its major properties like Driver and Stuntman, Atari may also now potentially lose its lucrative Dragon Ball Z license in a legal fight with anime distributor FUNimation.

There's a bit more at the Shack News link above along with some discussion about the article.