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ATARI RESULTS FOR THIRD QUARTER 1992

 SUNNYVALE, Calif., Nov. 17 ~PRNewswire~ -- Atari Corp. (AMEX: ATC) today reported operating results for the third quarter ended Oct. 3, 1992.
 Sales for the period were $34.5 million as compared to $49.2 million for 1991. The reduction in sales resulted primarily from continuing economic softness coupled with intense competitive pressure on the company's computer and video game products.
 As a result of the company's continuing restructuring program, operating income for the third quarter of 1992 was $0.2 million compared to a loss of $1.7 million in 1991. Net income for the third quarter of 1992 was $1.9 million as compared to $1.6 million in 1991.
 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 data)
 (Unaudited)
 Quarter Ended(A) Nine Months Ended(A)
 Oct. 3, Sept. 30, Oct. 3, Sept. 30
 1992 1991 1992 1991
 Net Sales: $34,529 $49,240 $101,873 $161,894
 Operating
 Income (Loss) 187 (1,738) (52,676) (8,675)
 Exchange Gain
 (Loss) 1,596 5,195 (267) (2,931)
 Other Income
 (Expense), Net 152 (2,204) (84) 230
 Interest (Expense)
 Net of Interest Income (44) 565 1,093 (998)
 Gain From Sale of Taiwan
 Manufacturing
 Facility --- --- --- 40,920
 Income Before Income
 Taxes and Extraordinary
 Credit 1,891 1,818 (51,934) 28,546
 Income Taxes (Recovery) 9 184 (220) 464
 Income (Loss) Before
 Extraordinary
 Credit 1,882 1,634 (51,714) 28,082
 Extraordinary
 Credit from
 Repurchase of
 Subordinated
 Debentures --- --- --- 1,960
 Net Income
 (Loss) $1,882 $ 1,634 $(51,714) $30,042
 Earnings Per
 Common and
 Equivalent Share:
 Primary
 Income (loss) before
 Extraordinary
 Item $ 0.03 $ 0.03 $ (1.00) $ 0.49
 Net Income (Loss) $ 0.03 $ 0.03 $ (1.00) $ 0.52
 Weighted Average
 Number of Shares
 Used in the
 Computation 57,288 57,654 57,375 57,699
 Fully Diluted:
 Income (loss)
 Before Extra-
 ordinary Item $ 0.03 $ 0.03 $ (1.00) $ 0.49
 Net Income (Loss) $ 0.03 $ 0.03 $ (1.00) $ 0.52
 Weighted Average
 Number of Shares
 Used In the
 Computation 57,288 57,654 57,375 57,699
 (A) Operations for the quarter ended Oct. 3, 1992 were 14 weeks.
 -0- 11~17~92
 ~CONTACT: August J. Liguori of Atari, 408-745-2069~
 (ATC)


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

ML-BR -- SJ004 -- 2120 11~17~92 20:00 EST
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Publication:PR Newswire
Date:Nov 17, 1992
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