steve@thelake.mn.org (Steve Yelvington) (06/11/91)
The Wall Street Journal reports that Atari Corp. is selling its assembly plant in Taiwan for $60 million (and collecting an unspecified profit on the transaction) and will shift the work to subcontractors in Taiwan and Hong Kong. The article quotes an unnamed Atari spokesman as saying that the company lost $2 million in the first quarter because of problems in assembling ``a newer product line'' at the Taiwan facility. ---- Steve Yelvington, Marine on St. Croix, Minnesota, USA / steve@thelake.mn.org
cmm1@cunixa.cc.columbia.edu (Christopher M Mauritz) (06/11/91)
In article <A336533195@thelake.mn.org> steve@thelake.mn.org (Steve Yelvington) writes: >The Wall Street Journal reports that Atari Corp. is selling its assembly >plant in Taiwan for $60 million (and collecting an unspecified profit on >the transaction) and will shift the work to subcontractors in Taiwan and >Hong Kong. The article quotes an unnamed Atari spokesman as saying that >the company lost $2 million in the first quarter because of problems in >assembling ``a newer product line'' at the Taiwan facility. Just to play devils advocate for a moment <grin>, do you think they really sold the plant because of these "assembly problems" or do you think it was because they needed the cash to buy back some of their debt? Cheers, Chris --------------+---------------------------------------------------------- Chris Mauritz | Cuba's *superior* human rights record is only part of the | answer; it's superior social conditions are another. --------------| -Harel Barzilai-