NASDAQ has given Atari, Inc., (NASDAQ ATAR), game publisher and developer, until August 30, 2006 to bring its share price above $1 for ten consecutive days. If Atari fails to bring its share price above $1 for ten consecutive days, NASDAQ will delist Atari's shares. On March 10, 2006 Atari's shares traded at $0.76. The drop in Atari's share price follows disappointing sales numbers for its latest fiscal quarter.
Coverage at http://shorl.com/difrajofiresu (Gamasutra)
Please note that the article stipulates that the deadline for bringing the share price above $1 is April 30, 2006 but it is in fact August 30, 2006.
View Atari's share price at www.nasdaq.com (Symbol ATAR)