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ATARI REPORTS RESULTS FOR THIRD QUARTER 1991

           ATARI REPORTS RESULTS FOR THIRD QUARTER 1991
    SUNNYVALE, Calif., Nov. 11 /PRNewswire/ -- Atari Corp. (AMEX: ATC)


today reported operating results for the third quarter ended Sept. 30, 1991.
    Sales for the third quarter of 1991 were $49.2 million as compared to $89.1 million for 1990.  The company believes that sales have stabilized at this new level.  In addition, the company has restructured its overhead to be in line at this level of operations.
    For the quarter ended Sept. 30, 1991, income before extraordinary credit was $1.6 million as compared to a loss of $3.9 million for 1990.  During the third quarter of 1990, the company repurchased a portion of its  5 1/4 percent subordinated debentures which resulted in an extraordinary credit of $6.9 million.  As a result of the extraordinary credit, net income for 1990 was $3.0 million as compared to net income for 1991 of $1.6 million.
    Atari Corp. manufactures and markets video games and personal computers for the home, office and educational marketplaces throughout the world.  Atari headquarters are located at 1196 Borregas Ave., Sunnyvale, Calif. 94089.
                            ATARI CORP.
          Condensed Consolidated Statements of Operations
               (in thousands, except per share data)
                               Quarter ended      Nine months ended
                           Sept. 30,  Sept. 30,  Sept. 30,  Sept. 30,
                             1991       1990       1991       1990
    Net Sales           $  49,240   $  89,146   $ 161,894   $ 259,588
    Operating Income
      (Loss)            $  (1,738)  $  (4,486)  $  (8,675)  $  (3,021)
    Exchange Gain
      (Loss)                5,195       1,994      (2,931)      5,000
    Other Income
      (Expense) Net        (2,204)(i)     129         230(i)      606
    Interest (Expense) Net
      Of Interest Income      565      (1,106)       (998)     (2,852)
    Gain From Sale Of Taiwan
      Manufacturing Facility   --          --      40,920          --
    Income (Loss) Before Income
      Taxes And Extraordinary
      Credit                1,818      (3,469)     28,546        (267)
    Provision For
      Income Taxes           (184)       (386)       (464)       (515)
    Income (Loss) Before
      Extraordinary Credit  1,634      (3,855)     28,082        (782)
    Extraordinary Credit
      From Repurchase Of
      Subordinated Debentures  --       6,858       1,960       6,858
    Net Income          $   1,634   $   3,003  $   30,042   $   6,076
    Earnings Per Common and Equivalent Share:
    Primary:
    Income (Loss) Before
      Extraordinary
      Credit            $    0.03   $   (0.07) $     0.49   $   (0.01)
    Net Income          $    0.03   $    0.05  $     0.52   $    0.11
    Number of shares used
      in computation       57,654      57,753      57,699      57,831
    Fully diluted:
    Income (Loss) Before
      Extraordinary
      Credit            $    0.03   $   (0.07) $     0.49   $   (0.01)
    Net Income          $    0.03   $    0.05  $     0.52   $    0.11
    Number of shares used
      in computation       57,654      57,753      57,699      57,831
    (i) Includes costs of $2.4 million associated with the reorganization of the company's Japanese subsidiary in the third quarter and a gain of $1.8 million from the sale of its Irish property during the first quarter of 1991.
    -0-                   11/11/91
    /CONTACT:  August J. Liguori of Atari Corp., 408-745-2069/
    (ATC) CO:  Atari Corporation ST:  California IN:  CPR SU:  ERN RM -- SJ006 -- 3240 11/11/91 20:38 EST
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Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Date:Nov 11, 1991
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