🚀 go-pugleaf

In article <8609201633.AA06324@ucbvax.Berkeley.EDU> "V5130B::MENTON" <menton@v5130b.decnet> writes:
>Did I hear right, on the cable TV show "Computer Chronicles" on 9/20/86?
>Atari is laying off people, down from 7,000 not long ago, to 1,000 in the
>near future?  Because they LOST $500 million (!) last year ??
>						Bob Menton
>						MENTON@NRL-ACOUSTICS

These numbers do sound familiar.  They sound like what occurred when Mr.
Tramael took over ATARI from Warner.  When he took over, there were about
7000, many of them in marketing.  Within a few months, there were only a
hand full of marketing people, a core engineering staff (mostly working on
the ST), and the manufacturing facilities were all put under automation.

Atari did lose $500 million the year it was sold to Mr. T., in fact that
was one of it's better years.  Since the sale, Atari has not only been
doing well in the sales, but it may be showing a profit for the first
time since the release of the 800.

Is it possible that this show was a repeat?

Ironically, Atari has been one of the few PC companies that has shown
improvement this year (1986).  Even grand old IBM has been feeling the
Atari bite of the market.

Just out of curiosity, what is the ticker symbol for Atari?  It used to
be part of Warner Communications, but appears to be a separate company
now?