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Thursday, June 10, 2004 

What is going on with Midway?

05/21/2004 - : "Just two days after selling off 350,000 shares of his company's common stock, Midway Games Inc. President and chief executive officer David Zucker issued a statement 'expressing confidence in Midway's future.'

06/04/2004 - "Midway Games Inc.'s chairman of the board Neil Nicastro will resign his position immediately after the company's June 10 annual stockholders meeting. Nicastro cited personal and professional reasons as the basis for his decision

06/07/2004 - "Media Mogul Sumner Redstone is upping his stake in Midway Games Inc. by purchasing shares from the company's chairman of the board, Neil Nicastro."

06/07/2004 - "Redstone Mulling Taking MWY Private:
In a filing with the SEC today, Sumner Redstone, Midway Games Inc. largest shareholder, let it be known that he has "engaged a financial advisor to provide services in connection with the evaluation of a possible 'going private' or other transaction in which the Reporting Person acquires more than 80% of the issued and outstanding equity of the Issuer."

According to their job site, they are hiring a PR Manager in San Diego, Marketing Director in Chicago, and the new Chairman is to be named at today's annual meeting. I am very interested to see what happens in Q4. I know they have been in trouble for as long as anyone can remember, but come on. This is good drama no?