Following last night's revelation that Phil Harrison has now been appointed president of Infogrames, CEO David Gardner has been quick to dispel any conception that the company and its game-specific subsidiary Atari are in any way on thin ice.

"We have a lot more cash than start-up companies do," he said. "So I view ourselves as a well-branded, well-financed start-up. That's the position we'd rather be in than a poorly funded, disappointed, broken down old company."

As reported late yesterday evening, Harrison is now the software head of the French firm, following a highly public departure from a 15-year career at SCEE last week. Expect to hear plenty more on the topic throughout the day.