Atari Files For Bankruptcy 127
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."
Re:Please, this Atari isn't the original one. (Score:4, Interesting)
It's also why people go to Chuck E. Cheese's.
Gonna have to explain that one further. Locally when the weather is bad, its by far the cheapest place to take the whole family for "fun" which also has a liquor license, so the local cops are continually breaking up fights between dirtbags, which is not exactly great PR so its driving everyone except the dirtbags away. "Oh you went to CeC last night, were the cops there?" Basically if mom and/or dad are prime dive bar customers, but they have the kids that weekend, they can go to CeC and get drunk while the kids play. On the other hand its actually a pretty nice place to visit early enough in the day before the parents get drunk. If they would just close around sundown or so it would result in much higher class/lower crime clientele. Also the local news rag is offended that they aren't paying for enough advertising, so they highlight every minor problem to "motivate" them to purchase more advertising...
I'm guessing the analogy is something like Atari is more fun when you're drunk/baked or ?
Re:It sort-of is Atari (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.
Baillout for Atari (Score:3, Interesting)