Atari shares drop to an all-time low
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Atari Inc.’s stock closed at a record low after Nasdaq warned the video game maker that it could be delisted because of its falling share price.
Atari, which has reported only one profitable quarter in the last 2 1/2 years, declined 14 cents, or 9.7%, to $1.30.
Atari, which developed “Pong” -- one of the first video games -- in 1972, has fallen 77% this year. Controlled by Lyon, France-based Infogrames Entertainment, Atari said last month that it planned to quit manufacturing to focus on publishing and distribution in an effort to regain profitability.
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