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

To: DavidD who wrote (124)	12/17/1998 7:59:00 PM
From: Don Westermeyer	Read Replies (2) \| Respond to of 278

Well, another earnings warning and a downgrade. < from Briefing.com > Personally I think the stock will be flat in the $10-$12 range for another 3-6 months now. Midway Games Inc. (MWY) 10 1/8 -1/8: Piper Jaffray downgrades designer and publisher of interactive entertainment software games from "strong buy" to "buy" as the company again guides estimates lower; company sees fewer quality third-party titles available in the marketplace and it is likely that MWY will publish fewer home video games in the second half of 1999; also believes that NBA coin-operated game to be released in March may not be as successful as originally projected; lowers FY99 revenue and EPS estimates from $446 mln and $1.13 a share to $426 mln and $1.06 a share and FY00 revenue and EPS from $510 mln and $1.30 to $465 mln and $1.18 a share.....