VIDIOTS IN THE NEWS

NEW YORK—Boardrooms at Warner Communications are still reverberating from shock waves following the announcement that its fourth quarter profits would drop some 50 percent due to Atari's inflated sales projections. Two stockholders, Meryl and Richard Glovin, recently filed suit against Warners here, charging that Chairman Steven Ross sold some 140,000 shares of his stock prior to a Dec. 8 announcement that Atari would not perform to expectations.