Midway receives delisting notice from NYSE

by Alexander Sliwinski { Nov 21st 2008 at 9:45AM }

Industry folks have been joking that Midway is the new Atari; however, while Atari is finding redemption in rebirth, Midway continues to sink deeper into the Swamps of Sadness. The latest bit of bad news comes from the New York Stock Exchange, which has put the publisher on notice for potential delisting.

NYSE states that Midway needs a closing price of at least $1 over 30 consecutive days -- the stock is currently trading at about 25¢. According to NYSE rules, the publisher has six months to save itself from delisting. At this time, the house of Booty has its financial future pinned on the performance of Mortal Kombat vs. DC Universe and Wheelman. Do you have the heart to tell Midway how this will end?

Tags: delisting, midway, nyse

Reader Comments (Page 1 of 2)

SlimPickinz96 @ Nov 21st 2008 9:49AM

Cam on! foight it!!

Dont let the "Nothing take you"!

Good pic Joystiq.

SlimPickinz96 @ Nov 21st 2008 9:54AM

edit note:
*ignore the quotations,placed all wrong, all wrong.*

Cash @ Nov 22nd 2008 5:32AM

"Stupid horse!!!"

Man I cried like a baby when Artex died. Then again, I think I was 4 when that movie came out, so I practically was a baby.

baby sea tuna @ Nov 21st 2008 10:04AM

*Cue Price Is Right losing-music*

Wah-wah wah waaaaaaaaahhhhh!

(The Award-Winning) dark_inchworm @ Nov 21st 2008 10:33AM

I think you forgot a "wah"

Marcus D @ Nov 21st 2008 10:07AM

I will buy MK vs DC if that means helping to keep Midway/competition alive.

Genius @ Nov 21st 2008 11:24AM

Not sure what all the boo-hooing is about, Midway has long stopped being a decent contributor of good games to the industry. It really is a miracle that they are still around, nobody wants to buy them out because of the huge amount of debt they will accrue in doing so. Its way better and cheaper to let the company fold and then pick the IPs out of the ashes.

Midway pumps out low quality games on tight schedules with over estimated budgets, and they sell all of their games poorly. They will never get anything right until they fix their internal structure, (old guys pulling the strings that still think its 1991) and that will never happen.

J.Goodwin @ Nov 21st 2008 10:14AM

Apparently Midway is the new Atreyu.

Shattercross @ Nov 21st 2008 10:35AM

I lol'ed...

they should really take the bull by the horns...*snicker*

ninjafetus @ Nov 22nd 2008 12:57AM

The horse is Artex. The hero is Atreyu.

Tumnus @ Nov 21st 2008 10:14AM

I've seen how this movie ends...the horse is fine.

Wayne @ Nov 21st 2008 1:40PM

That horse died in real life because the lift he was on failed. Atreyu's tears were real, man.

Anam @ Nov 21st 2008 10:14AM

I need to see that movie again.

Sean @ Nov 21st 2008 12:17PM

It's available on Netflix instant viewing...

Wiinterfang @ Nov 21st 2008 10:18AM

Good Night sweet prince.

*sobs*

ZaxCG2 @ Nov 21st 2008 11:36AM

Man... that picture just ruined my day, Joystiq...
*crawls under desk in a pit of his own tears*

Alien Lord @ Nov 21st 2008 10:21AM

There fucked.

Courtney @ Nov 21st 2008 10:29AM

Where fucked?

Draco Basileus @ Nov 21st 2008 10:34AM

Here fucked.

Wiinterfang @ Nov 21st 2008 10:44AM

Mere fuck???

T @ Nov 21st 2008 11:10AM

C-C-C-C-Combo BREAKER!

Sorry it had to be done.

Anam @ Nov 21st 2008 10:58AM

A werefuck! AAAAAH!

Shmil @ Nov 21st 2008 11:24AM

Deer Fucked?

(The Award-Winning) dark_inchworm @ Nov 21st 2008 11:39AM

Goddamn, T broke a combo so well that he jumped above Anam's post.

Anam @ Nov 21st 2008 11:48AM

Yes, I noticed that as well. Nicely played, T. Your Braid-like abilities of time distortion are impressive indeed.

Blank-Mage @ Nov 21st 2008 12:16PM

WHOOOOOOOP!

In A World (XBL) @ Nov 21st 2008 2:51PM

This shit's stupid as hell! Wooooop!

Richard Mitchell @ Nov 21st 2008 10:34AM

Atreyuuuuuu!

Kizzle @ Nov 21st 2008 10:35AM

This means Midway comes back at the end. Sweet.

xGeneral DEATHx (Mr ESC Welcome Back Party Ultimate Mega Action Force) @ Nov 21st 2008 10:35AM

Why have I never seen this movie?

SlimPickinz96 @ Nov 21st 2008 11:22AM

Never Ending Story? No?

Hrm... With the horrible animatronic "Luck Dragon" that had huge blinkety blink eyes while it spoke?

LOL Loved it when i was a youngin' along with Willow, Labrynth and the other fantasy movies.

ZaxCG2 @ Nov 21st 2008 11:37AM

You were born in the 90's.

xGeneral DEATHx (Mr ESC Welcome Back Party Ultimate Mega Action Force) @ Nov 21st 2008 2:11PM

I was born in '82, actually. I guess we can just chalk this one up to a "deprived childhood".

Levi @ Nov 21st 2008 3:01PM

Well, at first I would say that seeing it for the first time now wouldn't be as special because you're all grown up, but I didn't see Labyrinth until I was in college, and that movie was still awesome. Neverending Story is even better than Labyrinth, so I say go rent it NOW!