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To: Johnny Canuck who wrote (36906)	5/1/2002 10:49:07 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68488

10:25AM Midway Games slides as Q1 revenue falls short (MWY) by Tomi Kilgore Shares of Midway Games (MWY) are sliding $2, or 15 percent, to $11.65 after the company reported late Tuesday first quarter revenue that fell short of consensus analyst expectations, while losses were narrower than expected. Analyst James Lin at Jefferies & Co. followed by downgrading the stock to "accumulate" from "buy" to reflect his "more cautious stance" towards the game maker's major title release schedule. 10:13AM Q1 pro forma profit sends Paradyne shares higher (PDYN) by Michael Baron Paradyne Networks (PDYN) is rising 48 cents, or 20.9 percent, to $2.78, after the Largo, Fla., provider of digital subscriber line management products topped Wall Street expectations with its first-quarter results. The company posted a pro forma profit of $4.1 million, or 10 cents a share, for the quarter, 8 cents ahead of the average estimate of analysts polled by Thomson Financial/First Call. Paradyne noted that its latest results reflect a $1.2 million benefit from the sale of previously reserved inventory. Revenue rose 17 percent in the latest three months to $38.6 million. 9:32AM Banc of America initiates Microsoft with a "buy" rating (MSFT) by Julie Rannazzisi Banc of America Securities analyst Bob Austrian initiated coverage of Microsoft (MSFT) with a "buy" rating and a price target of $63. He said the target reflects a price-to-earnings ratio of 30 on his preliminary fiscal 2004 earnings-per-share estimate of $2.10. The analyst said he has confidence in the Dow stock's ability to maintain those multiples based on its market dominance, $39 billion in cash, over $10 billion in annual cash flow and its unique ability to penetrate new markets. Microsoft shed 0.4 percent in early action.