Shares in Infogrames were down 28.8 percent at US$2.85 in late morning trade on the Nasdaq. Since the stock markets resumed trading on Sept. 17 because of the fatal attacks on the World Trade Center, Infogrames' U.S. shares have lost 47 percent.
The attacks have left many analysts wondering whether the anticipated decrease in consumer confidence and spending would affect what had been expected to be an extremely strong holiday season for the game industry.
Infogrames shares closed down 12.2 percent in Paris on Friday after the company said it could not give a forecast for the potential earnings impact until the release of annual earnings next week.
"This context of international economic crisis does not throw into question Infogrames' fundamental axes of development. The status of the business, its control of the markets and all its activities are continuing as before,'' an Infogrames spokeswoman told Reuters in Paris on Friday.
Year to date, Infogrames U.S. shares are down 49 percent, making it among the worst performers in the video game industry, which otherwise has been one of the strongest technology stock sectors.