Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Markets & Finance

UBS Warburg Lowers Midway Games to 'Hold'

UBS Warburg downgraded Midway Games (MWY), Activision (ATVI) and THQ Interactive (THQI) to hold from strong buy.

Analyst Mike Wallace says video game stocks are halfway through the cycle, indicating the group should be range-bound for the next two years. Wallace sees a tough fourth-quarter retail environment, and believes it will keep some names flat for awhile. Wallace says the video game industry is having a record-breaking 2002, however, he doesn't believe all publishers are participating equally. He thinks publishers' stocks will look past the 2002 holiday season, and start trading at 2003 numbers. He cut his $8 Midway target to $6, cut the $28 Activision target to $22, and trimmed the $21 THQ target to $18.

blog comments powered by Disqus