MCOHAN@UMass.BITNET (Michael Cohan, U of Mass/Amherst) (09/20/86)
ATARI CORP. PRESS RELEASE, Sept. 18, 1986
(Sunnyvale, CA) Atari Corporation announced today that it has filed a
Registration Statement with the Securities and Exchange Commission for an
initial public offering by the Company of 4,500,000 shares of Common Stock (and
up to an additional 675,000 shares that may be purchased by the Underwriters
from the Company to cover over-allotments) through an Underwriting group to be
managed by PaineWebber, Incorporated. The price range is anticipated to be
between $11.50 and $13.50 per share, and the offering is scheduled for mid- to
late October. A written prospectus with respect to the offering will be
available from PaineWebber, Incorporated.
Atari Corporation develops, manufactures, and markets microcomputer
systems and software as well as video game systems, designed to offer advanced
technology at low prices. The Company's product line consists of the 16/32-bit
ST computers, the 8-bit XE computers, and the 2600 and 7800 video game systems,
with associated software and accessories.
A registration statement relating to these securities has been filed with
the Securities and Exchange Commission but has not yet become effective. These
securities may not be sold, nor may offers to buy be accepted prior to the time
the registration statement becomes effective. This (communication) shall not
constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of these securities in any State in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under securities laws of any such State.
For more information, please contact Greg Pratt, Chief Financial Officer
of Atari Corp. at (408) 745-2349.