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ATARI In Danger of NASDAQ Delisting

By Alex Petraglia on Thursday, January 3, 2008 at 1:00 PM East
Filed Under News  

Oh, how the mighty have fallen.

Atari, once considered the leading videogame company in the world, has had nothing but bad luck over the past few years. The most recent blow, courtesy of Forbes: The publisher received a warning last week from Nasdaq that it could face delisting because the market value of its stock is less than $15 million.

Following the announcement, shares of the company fell $0.04 to a close of $1.44 on Thursday. The stock is now trading at about $1.50 a share.

Forbes goes on to clarify, if the market value of Atari’s publicly held shares falls below $15 million for 30 consecutive days, the stock will be delisted.

The publisher’s biggest upcoming release, Alone in the Dark, is pictured above.

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