 |
| |
|
|
MarkG
|
|
Grand Lord of Apolyton, Owner of all this land as far as the eye can see
|
|
quote:
Atari Reports Losses
Officials from French publisher Atari have today announced the company’s financial results for the fiscal 2004 second quarter and the six months ended September 30.
Net revenue for the second quarter was $60.6 million compared to $109.4 million at the same time last year. Net loss for the quarter was $28.7 million, prior to a one-time non-cash dividend relating to the Company's recent recapitalization and public offering. Including the $39.4 million dividend, net loss for the quarter was $68.1 million, or $0.90 per share, compared to net income of $731,000, or $0.01 per share, last year.
Net revenue for the six-month period ended September 30 was $211.9 million versus $239.0 million in the same period last year. Net loss for the six-month period was $4.9 million. Including the $39.4 million dividend, net loss for the six-month period was $44.3 million, or $0.61 per share, compared to net income of $22,000, or $0.00 per share, last year.
The company puts the disappointing second quarter loss down to a purposeful lack of new releases during a traditionally quiet time of year for the video games business. Nevertheless the company remained the number two publisher in the US (behind Electronic Arts) and revenues for the forthcoming quarter are predicted at between $214 and $235 million, with an income of between $28 and $36 million.
Results for the entire fiscal year are estimated at a revenue of between $560 and $590 million, with a net income of $35 to $45 million. |
|
|
| |
|
|
|
CharlesBHoff
|
|
el paso texas
May 2002
time: 05:31
|
|
Is this than real cash lose of than accounting lost which have no real cash lost. Than example: I as than Taxis company own 100 new taxis cab on which I than record than accounting lost thought despreation over 5 year as than lowering of asset value and than yearly expence of 20 % of the cost of buying then this is than non-cash expense as I donot lose any cash or pay anyone the money.
|
|
| |
|
|
|
Admiral PJ
|
 |
Southeast England , UK
Dec 2000
time: 05:31
|
|
Its common for many businesses to have losses in part of the year.. seasonal businesses. They will try and make money from their releases at christmas and maybe summer.
At least they didn't spend too much money on marketing people making a new name.. for some reason they went to the name Atari.. bad move, its an old brandname of a defunct game system. They were probably trying to move away from their french company roots, with some americans dislike of the French governments anti war policies (I guess most Americans prefer to blame others for their own problems as usual ) .
I think this means they won't need to pay any taxes, as dividends aren't taxable by the company .. they seem sexy for shareholders, the dividends go to directors and empoyees as well as city investors with money in the company. Shame they aren't sensible enough to invest all that dividend money in new software development.
They may be ripe for a take over, with some other media company, thats a share issue though .
I think Quake 3 may be released soon, which should do well, though it has more competition nowadays. I think its an Atari publishing.
I congratulate Atari on making many intelligent strategy style games such as Civ3.. if Conquests delivers perhaps they'll consider a civ4, there are definitely new intersting Firaxis products in the works (i can't reveal more).
|
|
| |
|
|
|
CharlesBHoff
|
|
el paso texas
May 2002
time: 05:31
|
|
quote:
Originally posted by Admiral PJ
Its common for many businesses to have losses in part of the year.. seasonal businesses. They will try and make money from their releases at christmas and maybe summer.
At least they didn't spend too much money on marketing people making a new name.. for some reason they went to the name Atari.. bad move, its an old brandname of a defunct game system. They were probably trying to move away from their french company roots, with some americans dislike of the French governments anti war policies (I guess most Americans prefer to blame others for their own problems as usual ) .
I think this means they won't need to pay any taxes, as dividends aren't taxable by the company .. they seem sexy for shareholders, the dividends go to directors and empoyees as well as city investors with money in the company. Shame they aren't sensible enough to invest all that dividend money in new software development.
They may be ripe for a take over, with some other media company, thats a share issue though .
I think Quake 3 may be released soon, which should do well, though it has more competition nowadays. I think its an Atari publishing.
I congratulate Atari on making many intelligent strategy style games such as Civ3.. if Conquests delivers perhaps they'll consider a civ4, there are definitely new intersting Firaxis products in the works (i can't reveal more). |
I support the French position on the war with Iraq. Bush and Tony (the Pimp) Blair commited perjury about WMD being in Iraq. Bush Iraq war isnot only inmortal but also illegality as he broke International law.
|
|
| |
|
|
|
CharlesBHoff
|
|
el paso texas
May 2002
time: 05:31
|
|
Let say I invert 110,000,000 million dollar in a taxis company
I buy 100 taxis cab for 100,000,000 dollar. The company earm 10,000,000 dollar have 6,000,000 dollar in cash expense and 20,000,000 doolar in non-cash expense. I report to IRS that I have than lost of 16,000,000 dollar but I than happy as I make 4,000,000 dollar tax free.
|
|
| |
|
|
|
CharlesBHoff
|
|
el paso texas
May 2002
time: 05:31
|
|
quote:
Originally posted by vmxa1
Very pathetic and wrong. I guess the UN vote does not count.
Perjury requires you to knowingly lie, not be wrong.
If I tell you I have 5 dollars in my pocket and it turns out I only 2, did I lie or was I mistaken? |
The UN Vote on taken military action never took place as America would have lost 11-4 idiot before you say anything and I remember the Vietman era as I grew up in it you are too young to know anything. Bush withdrew with motion from the UN before it was defeat breaking his promise to the America people to have the UN vote on it take place no matter the outcome. The UN vote on haveing foreign troop help us occup Iraq was the UN kiss of death for Bush as the anti-UN voter in America willnot vote for Bush next election. Plus Pakistian, India and Turkey which Bush ask to send muslum troop willnot sent any no matter what the UN vote. India have alot of internal revolt taken place in each of it States about half of then have serious fighting going on, Pakistan doesnot want to sent any troop to Iraq for three reason, the first they donot want to be seen as than occuputerity of than Muslum nation, the people of Pakistan by 97 % donot want to have any troop sent to Iraq and third Pakistian will need those troop when India try to invade Pakistian. Turkey Government was going against the wishes of it people but the Iraq people must ok the sending of Turkey troop to Iraq, the Iraq people said they didnot want Turkey troop to occup then as the people of Iraq remember when the Ottomans Empire which
butal occup then for hundred of years.
Bush for repeat said Iraq have WMD and inogion intelligence reports which said they have no WMD which make him than prejury, and there is evind that some of the intelligence report where make false under order from Bush.
|
|
| |
|
|
|
CharlesBHoff
|
|
el paso texas
May 2002
time: 05:31
|
|
quote:
Originally posted by skywalker
quote:
I support the French position on the war with Iraq. Bush and Tony (the Pimp) Blair commited perjury about WMD being in Iraq. Bush Iraq war isnot only inmortal but also illegality as he broke International law. |
Pathetic troll. Take it to the OTF and actually learn something. |
First I than no troll. First only the UN have the legal right to declare war as the UN Chater state so clearly which is an treatry and all treatry become part of our constitrution which is why congress never declare war on Vietnam as they donot have the constitrution right to do so anymore. An how old are you younger. I than 53 year old and remember the Vietman era well as I grew up in it.
|
|
| |
|
|
|
dagta
|
|
quote:
Originally posted by Admiral PJ
I think Quake 3 may be released soon |
Did you mean Quake 4? Quake 3 was released in 1999 or 2000.
-dagta
|
|
| |
|
| |
|
|
|
CharlesBHoff
|
|
el paso texas
May 2002
time: 05:31
|
|
Post the annual Stockholder report as I donot believe that they lost real money they might have paper lost like the cab company example I talk about above which some of you just cannot understand something that simple. It simple some asset must have their value lower each year you keep them untrill you replace then. The value must be lower to zero useing standard accounting practive. Since lower than value of than asset is than credit operation you need to post than debt operation to balance it. You cannot post than debt operation like this 99.9999 % of time on the liabilties and retain earming side of the balance sheet. There is only one other way to post than debt tranaction to balance the credit that is to post it as than expence like postal expense to buy stamp, and etc. This isnot than real expence as you donot write out than chech to pay it to somebody it is only than paper entry to balance the book. Have you ever wonder how taxis companies stay in bussien year after year with huge paper lost and why some wealth people invert in taxis companies. The lost are rarely real but only on paper.
|
|
| |
|
|
|
CharlesBHoff
|
|
el paso texas
May 2002
time: 05:31
|
|
quote:
Originally posted by Thriller
CharlesBHoff:
Please explain then in your immensely realistic taxi company example, how you can make a cash profit of 4 million, but a net loss of 16 million.
You've said that you have 20 million of non-cash expenses. What are these? Depreciation? If so, then the 100 million you have invested in taxi cabs will be depleted in 5 years, and though you have made 4 million cash per year, you have lost your initial 100 million investment, which will be reduced to the scrap value of 100 x 5 year old cabs. |
Well than billionair can own than taxis company an run it in away that it make money yet it pay no taxes. Non-cash expence is any expense that doesnot need to be pay for.
Goodwill is than other non-cash item on than balance sheet as is the value of copyright, patsons, painting. It very hard to figure what goodwill is worth or what than painting is worth.
Than the examle I make up isnot real but show the princple that than report lost can be no lost at all it view than certain way. I donot count most inventorie as current asset or at they full value. Than billion dollar worth of electronic hardware can be worth very little it if have to be sale at firebarn price to raise cash to meet debt or if is out of date an worth near zero in value.
|
|
| |
All times are GMT. The time now is 05:31.
Apolyton Time is 00:31. |
top of page
|
| archivepost |
|
Forum Rules:
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
|
HTML code is ON
vB code is ON
Smilies are ON
[IMG] code is ON
|
|
|
|
|
|
06-11-2003 14:09
|