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Midway Games Placing Bets on Quality

Stock quotes in this article: MWY , ERTS , VIAB , ATVI , TTWO , TWX  

David Zucker, CEO of Midway Games (MWY Quote), is trying to learn from the company's mistakes.

While the video-game market boomed over the last five years, Midway largely missed out, posting 16 straight quarters in the red and seeing its revenue shrink to less than $95 million in fiscal 2003 from nearly $335 million in fiscal 2000.

Zucker has started turning Midway around. Not only did the company finally post a profit in the fourth quarter of 2004, but revenue for the year jumped 75%. With a new generation of consoles coming soon to store shelves, Zucker is hoping to build on that momentum. ...

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