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Midway Rallies Investors

Further toeing the party line since its quarterly financial report, officials from Midway promoted their company’s expected financial turn-around to investors this mornin...
Further toeing the party line since its quarterly financial report, officials from Midway promoted their company’s expected financial turn-around to investors this morning in a webcast conducted at the North American Technology Conference in Half Moon Bay, Calif. Executives cited Midway titles receiving markedly better gaming reviews across the board from review web sites. As stated first in the company’s quarterly financial report July 28, the company has the rights for the next three Unreal games, which will put the company into mostly uncharted (and thus, untapped) territory for Midway: PC games. Titles in QA used to return for four or five cycles, but the company says the average is now down to about one or two, and speakers at today’s briefing say that’s the result of better code and all-around better games. Finally, Midway reaffirmed that it would continue to crank out titles for PS2, as the revenue sources are far from dry, despite the impending launch of the next-generation of consoles.

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