Sunday, October 15, 2006

History Of Atari

The trials and tribulations of Atari could fill a small book (and, in
fact, once did). To summarize VERY briefly, the history of Atari is as

1972 Atari Inc. founded by Nolan Bushnell from a $250 investment.
Pong arcade game becomes a smash sensation.
1976 Atari Inc. sold by Bushnell to Warner Inc. for $28 million.
1980 Atari Inc. posts record sales. $2 billion profits annually.
Atari occupies 80 offices in Sunnyvale, CA.
1983 Decline of video games and irresponsible spending by Atari Inc.
results in record losses ($536 million, up to $2 million
1984 Warner divides Atari Inc. Home division (Atari Corp.) is sold to
Jack Tramiel.
1985 Atari Corp. releases Atari ST home computer.
1989 Atari Corp. releases Atari Lynx, the world's first color
hand-held video game system (see the Atari Lynx FAQ).
1993 Atari Games becomes Time-Warner Interactive.
1993 Atari Corp. releases Atari Jaguar, the world's first 64-bit home
video game system.
1996 Time-Warner Interactive (Atari Games) sold to WMS.
1996 Atari Corp. announces reverse merger with JTS Corporation.
1996 Atari Corp. and JTS connsumate deal on July 31 1996.
1998 Hasbro acquires the rights to Atari Corp.'s name and properties
1999 Hasbro releases their rights to the Jaguar to the public; Atari
is reborn as their new home video game label.

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