Atari Files For Bankruptcy

Posted by samzenpus on Monday January 21, 2013 @02:56AM from the no-more-combat dept.

First time accepted submitter halls-of-valhalla writes "Atari was one of the very first video game companies, starting way back in 1972. However, this long-running name that brought us titles like Pong and Asteroids is having major financial issues. Atari's United States branches have filed for bankruptcy on Sunday. This bankruptcy is an attempt to separate themselves from their French parent which has quite a bit of debt. The plan is to split from the French parent and find a buyer to form a private company."

1 of 127 comments (clear)

Min score:

Reason:

Sort:

Re:It sort-of is Atari by Anonymous Coward · 2013-01-21 03:32 · Score: 4, Interesting

The company died from poor management and MBA style decisions. Like many other companies
Atari ST was a good product and then when they followed up with the lousy STE, which had nothing compared to the Amiga's blitter, Atari was on the way do die. Management was MBA greedy and didn't realize the market would choose the better technology, or just plain didn't care as long as their wallets were full.