Global Game Industry News Blog

Wednesday, July 05, 2006

ATARI SEC Reports

Amortize - Reduce or extinguish a debt by money regularly set aside. Or... Gradually write off the initial cost of an asset.

"... a certain license..."

Atari audit reveals further losses // GamesIndustry.biz
Troubled software publisher Atari has filed its annual SEC report, final audit adjustments revealing an additional loss of almost US$ 2 million and casting further doubt on the company's future.

According to a company statement, the adjusted earnings are related to "the amortization of a certain license," although specific details have not been revealed.

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