Yesterday, Midway Games
But this afternoon, the stock is up 13% to $8.20. Why? Because there's more intrigue.
As Bill Mann pointed out in February, a revamped Midway may be on its way up -- the stock is up 65% already since then. Just last week, the company pointed to newly released Sony
Midway hasn't recorded a profitable quarter in several years but is expected to do so some time in 2004. The company has even indicated that it might be interested in making an acquisition, which is particularly interesting after the endless rumors of Midway as acquisition target.
It's hard to know what to make of Redstone's new bout of buying. It may indicate a desire to have control of the acquisition process, or of Midway itself. At worst, it seems to imply confidence that Midway may be back.
Give us your take on the Video & PC Games discussion board.
Fool contributor Jeff Hwang owns none of the companies mentioned above.