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Technology Stocks : Midway Games - MWY -- Ignore unavailable to you. Want to Upgrade?


To: Sye Walsh who wrote (75)8/20/1998 11:26:00 PM
From: Don Westermeyer  Read Replies (1) | Respond to of 278
 
Roberson-Stephens downgraded the stock today.

To a 'long-term attractive' from a 'buy'.

Points made:

- Earnings were in line with estimate.
- Coin-Op game _HyperDrive_ is performing poorly.
- They expect only modest year to year gains in EPS for next few quarters.
- $6.2 million repurchased 463,000 shares.
- NFL expected to do reasonably well, but warns that that market is crowded.
- Stock price is expected to trade flat for the next few quarters.