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ATARI CORP. RESULTS FOR THE SECOND QUARTER 1993

 SUNNYVALE, Calif., Aug. 27 /PRNewswire/ -- Atari Corp. (AMEX: ATC) today reported its operations for the second quarter ended June 30, 1993.
 Net sales for the quarter were $5.7 million as compared to $23.3 million for the same quarter in 1992. During the quarter, the company incurred an operating loss of $4.0 million as compared to an operating loss for the second quarter of 1992 of $45.0 million. In addition, during the quarter the company incurred loss on exchange of $3.1 million and had other income items totalling $0.5 million, which resulted in a net loss for the second quarter of 1993 of $6.6 million as compared to $39.7 million in 1992.
 Commenting on the results, Sam Tramiel, president of Atari, said, "The company has focused all of its efforts on the development and launch of its new multi-media video entertainment system called Jaguar(TM), which will be launched in the fourth quarter of this year in the New York and San Francisco markets. We have approximately $35 million in cash."
 Atari Corp. manufactures and markets personal computers and video games for the home, office and educational marketplaces throughout the world. Atari headquarters is located at 1196 Borregas Ave., Sunnyvale, CA 94089.
 ATARI CORP.
 Condensed Consolidated Statements of Operations
 (in thousands, except per share amounts)
 Quarter Ended 6 Months Ended
 June 30, June 30,
 1993 1992 1993 1992
 Net sales 5,719 23,265 15,869 67,344
 Operating income (loss) (3,954) (45,028) (7,028) (52,863)
 Exchange gain (loss) (3,072) 4,076 (2,341) (1,863)
 Other income (expense) net 195 (315) 364 (236)
 Interest (expense) net of
 interest income 35 669 80 1,137
 Income (loss) from before
 income taxes (6,796) (39,968) (8,925) (53,825)
 Income taxes (credits) (153) (220) (264) (229)
 Net income (loss) (6,643) (39,748) (8,661) (53,596)
 Earnings per common and
 equivalent share: Net
 income (loss) $(0.12) $(0.69) $(0.15) $(0.93)
 Weighted average number of
 shares used in
 computation 57,137 57,307 57,137 57,418
 -0- 8/27/93
 /CONTACT: August J. Liguori of Atari, 408-745-2069/
 (ATC)


CO: Atari Corp. ST: California IN: CPR SU: ERN

TM-LH -- SJ003 -- 6815 08/27/93 19:31 EDT
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Publication:PR Newswire
Date:Aug 27, 1993
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