Infogrames shares suspended
updated 09:50 am EDT, Mon September 11, 2006
Infogrames shares on hold
The BBC reports that trades of shares in Infogrames, the French company that owns Atari, have been suspended on the Parisian market. The company is expected to declare a restructuring plan in the near future. Though it's had some successes, the company has been on shaky ground for some time; sales dropped 20 percent in the first quarter alone, and Atari CEO Bruno Bonnell was replaced with David Pierce on September 5th. It isn't clear whether Pierce volunteered the suspension of trading or if his hiring merely prefigured it. Atari recently shipped Test Drive Unlimited for the Xbox 360, and will publish Neverwinter Nights 2 for the PC on October 17th.
