saj@chinet.chi.il.us (Stephen Jacobs) (08/10/90)
Just to get this in before the New York person does: Atari's quarterly
earnings appeared in the Wall Street Journal on Thursday, August 9. They
reported 3 cents a share, vs 1 cent a share for the corresponding quarter
a year earlier. The brief item gave me the impression that there may still
be some 'creative accounting' going on to spread the losses from Federated
over as long a time as possible. Anyway, the result was encouraging, but
sure doesn't indicate entry into paradise.
Steve J.saj@chinet.chi.il.us (Stephen Jacobs) (11/13/90)
Atari reported net earnings of 5 cents a share for the most recent quarter.
From the brief summary in the Wall Street Journal, the quality of the earnings
looked a bit questionable, but the trend of improvement seems clear. This is
not too surprising, given that in this quarter a year ago Atari had hardly
any product to sell.
The only significance of this to ST users is that as long as the earnings stay
positive, Atari isn't about to be forced out of business.
Steve J.saj@chinet.chi.il.us (Stephen Jacobs) (03/12/91)
Atari's results for the last quarter and the whole year were in the Wall Street Journal today. They reported $0.15 a share earnings for the quarter on slightly lower than year-before sales. All of this was due to an extraordinary credit for repurchase of debentures. I have no real information on this, but as best I can see, the story is that way back when (like after it became clear how bad the Federated loss was), the major stockholders (Warner Communications and the Tramiel family) loaned Atari Corporation money on artificially favorable terms. Atari is now repaying the loans at market rates. This results in a moderate reduction in the items that show on a report as income from continuing operations, and a much larger 'extraordinary' gain. I guess the moral is that Atari seems to be slightly profitable, but nearly impossible to do classic security valuation on at the moment. The market seems to be valuing it at a level appropriate to a company making about $0.07 a quarter with prospects for average growth (or any of several other possibile combinations), which is the way it looks to me. Sorry to be so long-winded. Buy Atari computers, not Atari stock. Steve
steve@thelake.mn.org (Steve Yelvington) (04/03/91)
[In article <1991Mar11.222942.12560@chinet.chi.il.us>,
saj@chinet.chi.il.us (Stephen Jacobs) writes ... ]
> Atari's results for the last quarter and the whole year were in the Wall Street
> Journal today. They reported $0.15 a share earnings for the quarter on
> slightly lower than year-before sales. All of this was due to an extraordinary
> credit for repurchase of debentures.
I saw a story on the Reuter business newswire that said Atari Corp. is
negotiating with Israel to establish a $150 million computer factory.
Israel is being asked to supply $100 million or so in loan guarantees
for Israeli component plants. Apparently if Atari assembles machines in
Israel using a sufficient level of Israeli-made components, the machines
can be shipped duty-free to the European Community. The production
capacity would replace plants currently operating in Taiwan.
----
Steve Yelvington / P. O. Box 38 / Marine on St. Croix, MN 55047 USA
INTERNET: steve@thelake.mn.org UUCP: plains!umn-cs!thelake!steve
GEnie: S.YELVINGTO2 Delphi: YELVINGTONvsnyder@jato.jpl.nasa.gov (Van Snyder) (04/04/91)
In article <A1055659651@thelake.mn.org> steve@thelake.mn.org (Steve Yelvington) writes: > >I saw a story on the Reuter business newswire that said Atari Corp. is >negotiating with Israel to establish a $150 million computer factory. >Israel is being asked to supply $100 million or so in loan guarantees >for Israeli component plants. Apparently if Atari assembles machines in >Israel using a sufficient level of Israeli-made components, the machines >can be shipped duty-free to the European Community. The production >capacity would replace plants currently operating in Taiwan. Just the opposite of what USDOD indirectly did to Atari here: When Inmos set up their plant in Colorado springs to make transputers, which Atari would have bought to put into ATWs, DOD wouldn't let Inmos re-export T-400's and T-800's to UK, even though they were already being manufactured in UK! -- vsnyder@jato.Jpl.Nasa.Gov ames!elroy!jato!vsnyder vsnyder@jato.uucp