"The rumors that IBM is making a bid for Sun Microsystems might be causing waves, but after the storm the market will find that the two companies align well," said Jeff Goldman of Celent, an IT consulting firm.
After months of slowly twisting in the financial wind, Midway Games has finally filed for bankruptcy. The Chicago-based publisher today submitted a petition in a federal bankruptcy court in Delaware to seek protection under Chapter 11 of the US Bankruptcy Code. The company blamed the move on last November's "change in ownership," when then-majority stockholder Sumner Redstone sold off his 87 percent stake in the company--valued at $30 million--for $100,000.
We all could probably come to a conclusion as to why this happening to Midway, it seems as if Mortal Kombat is the only game they have got shipping in high quantities. Its been that way since Mortal Kombat entered the world in 1992. Should they hire better designers of their other games?
I'm scared if I can perform fatalities on a game anymore I wouldn't know what to do in life."
I have never seen anything fill up a vacuum so fast and still suck. -- Rob Pike, on X.