New Atari Console that Ataribox?

[+frankodragon]

 

 

Comparing Atari to Hasbro is like comparing a lemonade stand to Minute Maid

Or you could just say Atari SA is like peeing in a gas station that's never been cleaned versus an executive washroom.

[+Nathan Strum]

Maybe I can pick up a broken one on ebay some day.

Why wait? The ones they have now already don't work.

[Matt_B]

Why wait? The ones they have now already don't work.

 

You have to wait for the physical model rather than the vaporware one.

[PlaysWithWolves]

Nobody told the stock market that Atari's running a wildly successful crowdfunding campaign.

 

Date | Event | Atari stock (EUR)

-----------------------------------------------------

05/29 pre-IGG 0.59

05/30 IGG begins 0.65

05/31 0.66

06/12 E3 begins 0.61

06/14 E3 ends 0.59

06/18 Currently* 0.57-0.58

 

*Subject to change as market is still open.

[pacman000]

They should start a rumor they're going to merge with a small hard disk manufacturer. That helped their stock price last time.

 

 

On Tuesday, February 13, [1996] Atari Corporation announces intentions to merge with Jugi Tandon Storage (JTS) Corporation by granting JTS an extended bridge loan of $25,000,000 to build 3” disk drives. Atari stockholders will hold 60% of the outstanding shares of the merged operations. The company will function under the name of JTS and Atari’s function to develop, manufacture and sell video games will be maintained as a separate division of JTS. Atari stock (ATC:AMEX) is one of the most active on the American Stock Exchange for the day with a volume of 3,297,300 up 3/16 to 2 1/16.

 

Source: http://web.archive.org/web/20001207070200/http://www.icwhen.com:80/book/the90s/1996.html

Edited June 18, 2018 by pacman000

[+frankodragon]

The market's about to close but it's only around 67¢ USD.

[Andromeda Stardust]

Nobody told the stock market that Atari's running a wildly successful crowdfunding campaign.

 

Date | Event | Atari stock (EUR)

-----------------------------------------------------

05/29 pre-IGG 0.59

05/30 IGG begins 0.65

05/31 0.66

06/12 E3 begins 0.61

06/14 E3 ends 0.59

06/18 Currently* 0.57-0.58

 

*Subject to change as market is still open.

Atari, for all practical purposes, being less than one dollar, is a penny stock. No serious investor is going to dump money into that. Well maybe it's ripe for an old fashioned "pump and dump" scam, but kickstarter monies or not, if Atari fails to deliver, they'll crash and burn faster than the Hindenburg.

 

Assuming Atari does deliver upon their promise and the Ataribox is released, then what? I suspect most people plan on using these as MAME / Emulation boxes, which, like Ouya before it, failed to sustain revenue. Without a sustainable ecosystem, they will flounder. So it's a terrible investment if they don't succeed, and a lousy one if they do.

 

Stocks can stay low. I don't think there will be a tremendous boost in resale value after the campaign is over. Even if it is, it will be short lived, aka "pump and dump." I'd stay far away as an investor get rich quick scheme.

 

And this is coming from the mouth of someone who "preordered" a $33 joystick. I won't lose any sleep if it never arrives. I've lost more money going out to pubs drinking on weekends than I have "investing" in new age Atari.

[JBerel]

Technically, anything under $5 a share that doesn't trade on major market exchanges is considered a penny stock. Being under a dollar a share puts Atari SA in some pretty disreputable company akin to businesses that appear and disappear at a moments notice. Just because they're publicly traded, doesn't mean they're reputable or stable.

[mbd30]

Should I invest in cheap Atari stock because there's a chance that the VCS could take off big tmie?

[Flojomojo]

No, of course not.

 

I doubt the AtariBox will have much effect on the company's value one way or another. The sales numbers are too small and they're not betting the company on its success. It's a gimmicky one-off, nothing more, nothing less.

[ColecoJoe]

Should I invest in cheap Atari stock because there's a chance that the VCS could take off big tmie?

 

Define BIG TIME

[mbd30]

 

Define BIG TIME

 

I just don't want to be kicking myself in ten years knowing that I'd have been a millionaire had I invested in that Atari stock.

[ColecoJoe]

 

I just don't want to be kicking myself in ten years knowing that I'd have been a millionaire had I invested in that Atari stock.

 

 

Haha, I think you'll be fine. Spend your money on something today!

[pacman000]

Assuming Atari does deliver upon their promise and the Ataribox is released, then what? I suspect most people plan on using these as MAME / Emulation boxes, which, like Ouya before it, failed to sustain revenue. Without a sustainable ecosystem, they will flounder. So it's a terrible investment if they don't succeed, and a lousy one if they do.

Counter argument: The Pandora https://en.wikipedia.org/wiki/Pandora_(console)

 

Not a main stream success, but successful enough to last a few years.

[VladR]

 

I just don't want to be kicking myself in ten years knowing that I'd have been a millionaire had I invested in that Atari stock.

If that's the case, then this is what you really/really need to do:

- take out second mortgage

- max all credit cards

- take out as much unsecured loans as your credit score can handle

- sell your car, and buy a $1,000 beater

- call for an extended family meeting, asking them to invest with you

 

Pool all the cash, place a short order and laugh all the way to the bank

 

You just need to BET IT ALL !

Edited June 18, 2018 by VladR

[PlaysWithWolves]

I was being snarky about the stock prices because we had at least two people who swore Atari, SA was the greatest stock investment for investors to ever invest in. Good points though.

 

One Speakerhat-wearing Atari, SA stockholder posted days ago on Reddit that Atari would be the stock to buy before E3. But then, I think that's always his answer, because of the frequently aforementioned pump-n-dump.

[JBerel]

The pump and dump this time was at their booth in the men's room at E3.

[toiletunes]

Too many tacos?

[racerx]

Let's face it. Other than a bump for the Indiegogo launch, it's been pretty much business as usual for Atari SA's worthless stock.

[Matt_B]

Yeah, the share price is pretty much meaningless. It took a nosedive a few years back and has been flatlining ever since. It's been a bit better this year than last, but I wouldn't read too much into the bumps.

 

 

Getting back to the VCS, I doubt they're betting their shirts on it taking off enough to support its own ecosystem. If the crowdfunding numbers tell them that's not going to happen, they'll presumably have priced the hardware to make money on the margin and would fall back on existing software to fulfill their promises. You'll get Steam as your games store, Kodi as your media player, Dropbox as your cloud storage, Teamspeak for voice chat, etc.

[Atari PAC-MAN Fan]

Most Lemonade stands have lemonade

 

Most of them........

[godslabrat]

Yeah, the share price is pretty much meaningless. It took a nosedive a few years back and has been flatlining ever since. It's been a bit better this year than last, but I wouldn't read too much into the bumps.

 

 

Getting back to the VCS, I doubt they're betting their shirts on it taking off enough to support its own ecosystem. If the crowdfunding numbers tell them that's not going to happen, they'll presumably have priced the hardware to make money on the margin and would fall back on existing software to fulfill their promises. You'll get Steam as your games store, Kodi as your media player, Dropbox as your cloud storage, Teamspeak for voice chat, etc.

I'm sure they can see the writing on the wall in terms of building a platform via crowdfunding-- it's not happening. What I'm confused by is... what was their Best Case Scenario? Did Atari really think they could sell ten times the Ouya at three times the price, with old ROMs rather than current titles? How far did they have to go before it was a viable product, and did they really think what they had could get that far?

 

This line of thinking almost convinces me that Atari SA was looking to be bought out. That's a realistic goal for a team in their situation, and I think they're smart enough to realize it.

[Flojomojo]

That is the only rational explanation from where I sit. All those blind dupes pledging forever loyalty to Atari are worth a lot more in a buyout situation than a consumer product launch.

 

It would be funny if they decided to just buy everyone a Playstation 4 or something instead.

[pacman000]

I wonder if Sony would create a private labeled/co-branded PS4....

 

Think of the possibilities. A new "Atari" system! Finally, a "Dreamcast" 2! Even a new TandyVision!

[Flojomojo]

LOL

the part of Coleco/Sears/CBS will be played by "Atari SA" in this decade's performance