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ATARI RESULTS FOR THE FIRST QUARTER 1993

 SUNNYVALE, Calif., May 27 /PRNewswire/ -- Atari Corp. (AMEX: ATC) today reported its operations for the first quarter ended March 31, 1993.
 Sales for the quarter were $10.1 million versus $44.1 for the same period in 1992. Anticipating the decline in sales, the company instituted additional restructuring programs in the fourth quarter of 1992 and reduced its overhead in the first quarter of 1993 to $5.9 million, as compared to $16.1 million in the first quarter of 1992. As a result of the lower sales offset by the lower overhead the company incurred a net loss for 1993 of $2 million, as compared to a net loss of $13.8 million in 1992. In addition, the company incurred a loss on exchange of $12.1 million in 1992, versus a gain of $0.7 million in 1993.
 Commenting on the report, Sam Tramiel, president of Atari, said, "The company has commenced shipments in small quantities of its new Atari Falcon030(TM) computers, and initial reactions have been favorable. We expect production of the Falcon030 to increase during the second quarter. In addition, the company has released for production its proprietary chip set for its new multi-media entertainment system called 'Jaguar.' We are currently organizing the launch of this product. The company has available over $40 million in cash to fund the introduction of these new products."
 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
 March 31, 1993 March 31, 1992
 Net Sales $ 10,150 $ 44,079
 Operating Income (loss) (3,074) (2,351)
 Exchange Gain (loss) 731 (12,053)
 Other Income (Expense) Net 169 79
 Interest (Expense) Net of
 Interest Income 45 468
 Income (loss) from Before
 Income Taxes (2,129) (13,857)
 Income Taxes (recovery) (111) (9)
 Net Income (loss) (2,018) (13,848)
 Earnings Per Common and Equivalent Share:
 Net Income (loss) $ (0.03) $ (0.24)
 Weighted Average Number of Shares
 Used in Computation 57,804 57,585
 -0- 5/27/93
 /CONTACT: August J. Liguori of Atari, 408-745-2069/
 (ATC)


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

GT-TM -- SJ002 -- 3036 05/27/93 14:46 EDT
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Publication:PR Newswire
Date:May 27, 1993
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