At least they didn't do like Atari/Interplay and sell off all their IP. Now those idiots have gotten nothing to milk so they can fund new IPs.
Midway's interim CEO is cleaning house for whoever the next CEO will be. I think he's doing a good job. They had several future big flops that he cut. I don't know if he can sense a hit, but he can definitely smell a stinker.
By the way they have seen some losses, but still have 73 million in cash. They saw a lot of losses in their operations, but this is negated slightly each quarter by other income.
They still have a long way to go, but next Q will show tremendous cuts in spending and upticks on several releases that they have planned using existing technology.
If Matt Booty is as good at spotting talent and quality as he is at strict fiscal management or they get someone who is, then Midway's solid organization will set them up for a bright future.
I would cite regulation, but I know you will simply ignore it.
