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Bonnell defiant amidst losses

August 10th by Stuart Dinsey

Atari chairman and CEO Bruno Bonnell is preferring to look forward this morning, following a poor start to the firm's current financial year.

The US-based publishing and development operation hit sales of only $24.2m for the first quarter ended June 30th, compared to $108.1m in the same period last year.

Net loss for the quarter for Atari, which recently faced NASDAQ delisting on a technicality and also suffered the surprise resignation of CEO Jim Caparro, was $32.8m. This compares to a net profit of $12.1m in the previous year, thanks to the much criticised but huge-selling Driv3R.

The results also follow disappointing sales for parent company Infogrames, currently still registered in France.

But after a quiet start to the year, and on-going re-organisation, Bonnell is now banking on a resurgence via a line-up of games such as The Matrix: Path of Neo, Mark Ecko's Getting Up and Dragon Ball Z Budokai.

"Fiscal 2006 is a year of focus at Atari as we are committed to improving the company's financial position, growing our market share on a global basis, capitalizing on technological innovations and releasing unique new products which appeal to both hardcore gamers and the mass-audience,” said Bonnell (pictured).

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