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Majesco Entertainment gets NASDAQ delisting warning

Atari has its first profitable quarter in some time a few weeks ago, even after being delisted from the NASDAQ stock market. Now yet another game publisher, Majesco Entertainment, is facing the same threat. The company announced late today that their stock has gone below $1 a share for the past 30 days in violation of NASDAQ rules. The stock market has given Majesco 180 days to comply with their minimal stock price.

Majesco used to be a busy PC publisher; a few years ago it released games like Psychonauts, Advent Rising and the Bloodrayne series. For the past few years Majesco has concentrated on releasing budget games mostly for the Wii and DS consoles.

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