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Technology Stocks : Midway Games - MWY
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To: Todd D. Wiener who wrote (226)4/27/1999 11:53:00 PM
From: Michael Burry  Read Replies (1) of 278
 
What I mean he means is that the company is in a trough right now. He was very specific that of late the actual releases haven't been coming out very fast, but that this will pick up in the 6 months beginning 7/99. This is a hit and miss business, as are most entertainment cos. A big film. A big video game. A big hit at the casinos. I didn't mean to imply that he said the video game industry is cyclical. Rather, that Midway's production comes in waves, and the next one will be aided by additional platforms.

Mike
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