Sony and Nintendo Will Battle Mightily for Handheld Game Supremacy Reports In-Stat
A true portable
convergence device,
the PSP is also a portable digital audio and video player. "And Nintendo has
a huge advantage in
software."
A recent report by In-Stat found the following:
Sony
will be successful in this business because of its
history of creating new consumer electronic
devices that
appeal to a wide range of consumers.
The Company plans to divest of those
non-core assets.2 million versus $63. operations, including
the closing of its studios in Santa Monica
, California and Beverly,
Massachusetts.9 million.8 million in the comparable year-earlier period
.4 million compared to $66. Atari, Inc.12) $(0.07) $(0.
Note that this category
is different from Computers: Emulators because the focus here is on the emulation of general gaming
purpose computers (also called consoles) and arcade machines.
emulators 7800
in-stat.
Nokia will continue to
struggle in this market, though it has
shown the determination and resources to remain in
the game.com.atari.02) (0.01) (0.40) $0.wonderswan frontends
6 million, or $0. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in thousands)
March 31, March 31,
2004 2005
ASSETS
Current assets:
Cash $9,607 $10,433
Receivables
, net 37,707 42,179
Inventories, net
25,643 25,209
Income taxes receivable
2,320 1,533
Due from related parties 4,175 248
Prepaid expenses and other current assets 12,449 20,996
Related party
notes receivable 8,571 --
Assets of discontinued operations
2,677 3,555
Total current assets 103
,149 104,153
Property and equipment, net 12,581 8,289
Goodwill, net of accumulated amortization
of $26,116 in both periods
70,224 70,224
Other intangible assets, net of accumulated
amortization
of $1,294 and $1,969, at
March 31, 2004 and March 31, 2005, respectively 1,406
731
Other assets 6,596 6,642
Total
assets $193,956 $190,039
LIABILITIES AND STOCKHOLDERS
' EQUITY
Current liabilities:
Accounts payable $37,780
$27,756
Accrued liabilities 15,665 16,537
Restructuring reserve -- 1,885
Royalties payable
14,195 13,641
Income taxes payable
450 500
Short-term deferred income 2,107
77
Due to related parties 6,704 5,421
Liabilities of discontinued operations 1,020 2,685
Total current
liabilities 77,921 68,502
Deferred income
555 478
Other long-term liabilities 417
392
Total liabilities 78,893 69,372
Commitments and contingencies -- 100
Stockholders
' equity:
Preferred stock, $0.dorando emulated
----Nintendo and
Sony will fight it out for the handheld game
market over the next
several years, reports In-Stat (http://www.
"With its Game Boy Advance SP
and DS, Nintendo has two platforms
that should appeal to slightly different demographics," said Brian
O'Rourke, In-Stat analyst. It is a general rule in the video game business that quality
game titles
drive hardware sales.09 per share compared to $0.1 million,
or $0. We
will be releasing fewer
SKUs in fiscal 2006 than in fiscal 2005. We will continue to
work with leading development studios
and capitalize on our third-party
distribution business. For those unable
to listen to the live
broadcast, a replay will be available on the Company's
Web site or by dialing 1-888-286-8010 (domestic
) or 1-617-801-6888
(international), playback access code 33235182, beginning approximately one
hour
after the conclusion of the call and available through June 19, 2005. Actual results may vary materially
from those
expressed or implied by the statements herein.03)
Dividend to parent
- - (0.41) -
(Loss) income
attributable to
common
stockholders $(0.01 par value, 5,000
shares authorized,
none issued or outstanding -- --
Common stock, $0.psone atari
"
Net revenue for
the year-ended March 31, 2005, was $395.8
million compared to $469.7
million, or $0.05 per share
, compared to a loss of $38.14 per share,
in the year-earlier period.
Mr.S.02 $0.01
par value, 300,000 shares
authorized, 121,231 and 121,296 shares issued
and outstanding
at March 31, 2004 and March 31,
2005, respectively 1,212
1,213
Additional paid-in capital 735,964 736,790
Accumulated deficit (625,436) (619,744)
Accumulated other
comprehensive income 3,323 2,408
Total stockholders' equity
115,063 120,667
Total liabilities and stockholders' equity $193,956
$190,039
Supplemental Table
Three Months Ended
March 31,
2004
2005
Publishing Revenue Mix
PC
43% 28%
PlayStation 2 28% 34
%
PlayStation 1% 0%
Xbox
15% 15%
GameBoy
8% 2%
GameCube 5
% 11%
Nintendo DS - 5%
Plug-and-Play - 5%
Supplemental Table
Year
Ended
March 31,
2004 2005
Publishing Revenue Mix
PC 30% 25%
PlayStation 2
35% 40%
PlayStation
3% 1%
Xbox 14%
12%
GameBoy 11% 11%
GameCube
7% 5%
Nintendo DS
- 1%
Plug-and-Play
- 5%
3do 5200
Business Editors/Technology Editors
SCOTTSDALE, Ariz. Nintendo
,
which has dominated the market for many years, will find Sony to be a
formidable competitor,
though Nintendo will retain the upper hand for
the short term, at least. Technology vendors,
service
providers, technology professionals and market specialists,
worldwide, rely on In-Stat's tenured
, experienced staff and in-depth
research to support critical technology, product and success
decisions
. One such divestiture
will be its Humongous Entertainment studio assets and operations, which the
Company anticipates will occur prior to the end of fiscal 2006.7 million compared to $15.4 million
in the
comparable year-earlier quarter.9 million of restructuring charges,
net loss for the quarter
was $4. By improving
our business processes in order to release higher quality products on time
and
on budget and creating comprehensive global market initiatives to support
them, we will be
taking better advantage of our assets. In other words, it allows you to use software meant for another
system that you may not have access to by running a program on your system.
intellivision zophar
In-Stat is a strategic
segment of the $8 billion Reed Elsevier
global information network, with access to an expansive worldwide
electronic network, extensive technology databases and well-informed
personnel.5 million in
the
prior year, while distribution revenue was $54. In doing so, the Company recorded restructuring charges
of
$4.calimero msx
com). The report
price is $2,995.com) is the leading provider of actionable
research
, assessments and market forecasts of semiconductors and
advanced communications equipment and services
. "Atari stands for innovation and we seek to
provide our consumers, both hardcore gamers and the
mass-audience, the best in
content.7 million
compared to $64. Including
revenue from discontinued
operations of Humongous for the fourth quarters
ended March 31, 2005 and 2004 of approximately $1
. Excluding $4. For instance, an emulator will let you use an arcade machine that no longer exist or
use a game console that can no longer be purchased.
gamepark nintendo
instat. (Nasdaq: ATAR), a
leader in interactive
entertainment, today announced financial results for the
fiscal 2005 fourth quarter and year-ended
March 31, 2005.
Income attributable to common shareholders for fiscal 2005 was $5.4 million in
the comparable year-
earlier period.
The Company undertakes no duty to update any forward
-looking statements to
conform the statement to actual results or changes in the Company's
expectations
.01) (0.Emulation is the process of simulating the hardware of one computer (particularly the processor
) via software on a different one.
famicom turbografx
Sony is trying to bring its
established game console expertise
to the world of handhelds with its
new PlayStation Portable (PSP). NEW YORK, Atari, Inc. As
the Company previously stated, it has
assessed its assets and resources and has determined that certain
operations
do not sufficiently complement its strategic vision or creative direction. Publishing
net revenue
excluding discontinued operations was $341.14) $(0.nec emulated
Handheld game consoles
are becoming convergence devices,
adding additional options on top of gaming.asp?id=27 or
contact Erin
McKeighan at 480-609-4551; emckeighan@reedbusiness.
Net revenue for
the fourth quarter ended March 31, 2005, was $62.intellivision psone
0 million in fiscal 2004.4 million, or $0. To access
the
teleconference, please dial 1-888-396-2298 (domestic) or 1-617-847-8708
(international), access
code 77217479, or listen to it live via the Internet
by accessing the Company's Web site (http:/
/www.com. We caution you not to place undue reliance upon any
such forward-looking statements.
(2,014) (1,700) (1,612) (4,241)
Net (loss) income $(17,313) $(9,079
) $766 $5,692
Dividend to parent - - (39,351)
-
(Loss) income
attributable to
common
stockholders
$(17,313) $(9,079) $(38,585) $5,692
Basic and diluted
(loss) income
attributable to
common stockholders
per share:
(Loss) income from
continuing
operations $(0.zedd emulation
Capabilities
offered include digital
audio and video playback, digital
image viewing, camera, PDA and even GPS functionality.
It also includes analysis of market trends
and vendor profiles.in-stat. In-Stat analysts gain exceptional
insight into geographic
marketplaces and specific technologies within markets such as
electronics
, cable and wireless.
"We have accomplished many of our goals as we have completed the
relocation
of our publishing operations, transformed our senior management
team and secured a new credit facility
.5
million of revenue from the discontinued operations of Humongous, in the
comparable year-earlier
period.
Eastern Time today to discuss the Company's year-end results.
ATARI, INC.emulators zophar
Both firms
will benefit from an extensive catalog of first- and
third-party
-developed game titles. Our forecasts,
analysis and insights are derived from both a deep technology
understanding and a unique research methodology, which examines each
segment of the value chain
for each market.3do emulation
Its demographic target of
18- to 34-year-olds will help it to outship all
competing
handheld consoles from 2005-2009.S.6 million, or $0.
Publishing net revenue
, excluding discontinued operations, was $51.3 million, or $0.2 million dollars, or $0. Forward-looking
statements
in this release are not promises or guarantees and are subject to risks and
uncertainties
that could cause our actual results to differ materially from
those anticipated.turbografx rca
m. is a majority
-owned
subsidiary of France-based Infogrames Entertainment SA (Euronext - ISIN:
FR-0000052573)
, the largest interactive games publisher in Europe.calimero nec
About In-Stat
In-Stat (www. As a member
of Reed Business
Information, In-Stat is a division of the largest business-to-business
publisher
in the United States.5 million, excluding approximately $21.
Loss attributable to common shareholders
for the quarter was $9. Some of the factors which
could cause our results to differ materially include
the following: the loss
of key customers, such as Wal-Mart, Best Buy and Target; delays in product
development and related product release schedules; fluctuations in the
Company's quarterly net
revenues and results of operations based on the
seasonality of our industry; adapting to the rapidly
changing industry
technology, including new console technology; maintaining relationships with
leading
independent video game software developers; maintaining or acquiring
licenses to intellectual property;
the termination or modification of our
agreements with hardware manufacturers; and other factors
described in our SEC
filings, including our Annual Report on Form 10-K for the year ended March 31
,
2005 and our quarterly reports on Form 10-Q.intellivision 7800
Atari Reports Fiscal 2005 Fourth Quarter and Year-End
Results
6 million,
respectively, net revenue for the fourth quarter ended March 31, 2005, would
have been $64. Revenue for the period was driven by the
highly anticipated release of Dragon
Ball Z: Sagas (PS2, Xbox and GameCube)
and Act of War: Direct Action (PC), and supported by the continued
sales of
Dragon Ball Z: Budokai 3 (PS2) and the Atari Flashback Classic Game Console,
among others
.
Atari will host a teleconference with a simultaneous webcast at 4:45 p.
emulation 5200
com/catalog/Ccatalogue
.2 million,
excluding approximately $12.6 million of revenue from the discontinued
operations of
Humongous, versus $447. Bonnell continued, "Fiscal 2006 will be a year of focus at Atari.emulation emulators
0
million
compared to $49.07 per share, compared to a loss of $17."
Atari's product lineup for fiscal 2006
is expected to include the
following new releases:
* Dragon Ball GT: Transformation (GBA
), Dragon Ball Z Budokai: Tenkaichi
(PS2), Dragonshard (PC), Duel Masters: Shadow Code (GBA
), Dungeons +
Dragons Online (PC), Indigo Prophecy (PS2, Xbox and PC), Marc Ecko's
Getting Up: Contents Under Pressure (PS2, Xbox and PC), RollerCoaster
Tycoon 3: Soaked (PC
), The Matrix: Path of Neo (PS2, Xbox and PC),
Timeshift (PC, Xbox), Tycoon City: New York
(PC) among others.psone nec
03 per share.com).
Safe Harbor Statement
With the exception of the
historical information contained in this
release, the matters described herein contain certain "forward
-looking
statements" that are made pursuant to the Safe Harbor provisions of the
Private Securities
Litigation Reform Act of 1995. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
For
the Three Months For the Twelve Months
Ended March 31,
Ended March 31,
2004 2005 2004 2005
(unaudited) (unaudited)
Net revenues $64,801 $62,693
$447,451 $395,165
Cost of goods sold 45,135 27,401 240,238 205,503
Gross profit 19,666 35,292 207,213 189,662
Selling and
distribution expenses 13,771 10,319 80,442 60,763
General and
administrative
expenses 7,654 8,577 33,031 36,887
Restructuring
expenses - 4,932 - 4,932
Research and
development
13,778 17,177 79,495 65,944
Gain on sale of
development project
to a related party - - (3,744) -
Depreciation and
amortization 2,310 2,408 8,804 10,602
Operating (loss
)
income (17,847) (8,121) 9,185 10,534
Interest (expense
)
income, net (443) 148 (7,658) (459)
Other income
(expense) 9 20 (2,068) 42
(Loss) income from
continuing
operations
before provision
for income taxes (18,281) (7,953) (541
) 10,117
(Benefit from)
provision for income
taxes (2,982
) (574) (2,919) 184
(Loss) income from
continuing
operations
(15,299) (7,379) 2,378 9,933
(Loss) from
discontinued
operations of
Humongous
Entertainment, Inc.06) $0.08
(Loss
) from
discontinued
operations of
Humongous
Entertainment, Inc
.wonderswan frontends
01 per share, prior to the $39.41 per share, one-time
non-cash dividend relating to the Company's
September 2003 recapitalization
and public offering.4 million in the prior March quarter, while
distribution
revenue was $11. For more
information, visit http://www.zedd 5200
For more information on this report
, please visit:
http://www. Atari remains focused on growing our
market share and increasing profitability
to industry levels, thereby creating
greater shareholder value," stated Bruno Bonnell, Chairman,
interim CEO and
Chief Creative Officer of Atari. We are well positioned to exploit the industry
's technological
advancements through Sony, Microsoft and Nintendo's next generation of
consoles
and the rapid growth of the handheld, mobile, online and interactive
television markets. Excluding
restructuring charges, net income for fiscal 2005
would have been $10.7 million and $1.atari. The
Company's 1,000+ titles include hard-
core, genre-defining games such as DRIV3R(TM), Enter the Matrix
(TM),
Neverwinter Nights(TM), Stuntman(TM), Test Drive(R), Unreal(R) Tournament
2004, and Unreal
(R) Championship; and mass-market and children's games such as
Backyard Sports(TM), Nickelodeon's
Blue's Clues(TM) and Dora the Explorer(TM),
Dragon Ball Z(R) and RollerCoaster Tycoon(R). (0.sega famicom
0
million versus $384. These statements are based on management's current
expectations and assumptions
and are naturally subject to uncertainty and
changes in circumstances.05
Basic weighted
average
shares outstanding 121,214 121,295 96,990 121,276
Diluted
weighted
average shares
outstanding 121,214 121,295 96,990
121,587
ATARI, INC.psone gamepark
The report, "Handheld Game Platforms 2005:
More Competitors With
Convergence Devices" (#IN0501827ID), forecasts the worldwide market
for
handheld gaming devices by vendor in terms of units ships and
sales revenue generated. Including
revenue from discontinued operations, net revenue for fiscal 2005 was $407.0
million in the comparable
year-earlier period.40 per
share, in fiscal 2004. The Company previously announced on February 9
, 2005,
that it will begin to take steps to streamline its U.8 million, or
$0.
About
Atari
New York-based Atari, Inc. (Nasdaq: ATAR) develops interactive games for
all platforms
and is one of the largest third-party publishers of interactive
entertainment software in the U.7800 emulated
A community sponsored library.
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