Is this the end for Atari?

[dojoboy]

Originally posted by snoopy369
BTW Dis is presumably talking about this:

"Atari is in a financial crisis and appears to be unable to meet all of its liabilities as they become due. Their principal line of credit has been cancelled and their secured lenders are turning hostile (When the secured creditors are girding for battle - you know it's bad). At the same time, many of their unsecured creditors are going unpaid. This means they have not paid most of their developers the royalties owing to them on published SKUs Atari has sold in previous quarters."

They have either grossly over extended themselves in the market or mismanaged themselves financially. I don't undertsand how a gaming publisher could so muck things in this industry.