Midway Games - MWY Message Board

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Technology Stocks : Midway Games - MWY

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To: Michael Bakunin who wrote (90)	10/22/1998 5:32:00 PM
From: Psycho Killer	Read Replies (2) of 278

On a quick read, the announcement looks to be a very mixed bag, and overall maybe somewhat negative. Earnings were up 7 cents a share, but the entire 7-cent gain seemed to be the result of a one-time recovery of overcharges for coin-op video game parts. Absent the one-time gain, we're back around the 19 cents from last year's Q2. Home video game earnings were way up, while coin-op video earnings were way down. Next quarter is supposed to be down from last year. That looks like a big deal, since the quarter ending 12/31 is such as big part of MWY's yearly earnings. On the other hand, looks as if MWY is spending a lot on product development, with new machines due out in second half of fiscal year. It will pay to keep a sharp eye on what insiders (including Redstone) do in the near future. They know better than any of us can how to sort out this mixed bag.

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