It's not like it didn't get a lot of warnings beforehand but today the other shoe fell for Atari as the game publisher announced that the Nasdaq stock market has decided to delist Atari from its main Nasdaq Global Market and will also suspend trading of Atari's stocks on that market beginning on Friday. This action was taken due to Atari not meeting the stock market's requirements that its shares hold a total of $15 million or more in value for 10 consecutive days. While Atari plans to appeal this move it will not keep the stock from being delisted (it will continue to be traded on the Pink Sheets, a sort of minor league trading stock market).

Of course, Atari is now in the middle of being fully acquired by its parent company Infogrames who announced just a few days ago that it would purchase the Atari stocks it doesn't already own. Atari stated today that this move would not affect the merger which is expected to be completed sometime in the third quarter.