PS3 Unreal Tournament 3 Delayed

Dr. Eggman writes "Gamasutra breaks the bad news from over at Midway. Midway states that Epic Games' Unreal Tournament 3 for the PS3 has been delayed into the first quarter of 2008. No official reason has been give for the delay, as only CEO David Zucker of Midway has released information. The PC version is still on track for a November release." Additional details from a Midway Conference call are available on Next Generation.

Comments

Missing the forest for the trees

[PlatyPaul]

Holy wrong-point-from-the-article Batman! The big deal is that Midway is having to revise their Q3 reportings because of this, indicating a massive difference in their valuation.

From TFA:

Publisher and developer Midway has announced that it is revising its Q3 estimates due primarily to delays of its headline PlayStation 3 titles

For its third quarter, Midway has revised its sales estimates downward from $50 million to $39 million, and revised full year sales down sharply from $225 million to $170 million

In its conference call with investors, Zucker admitted that the company has "encountered some bumps along the way" in creating its standardized engine technology that it hopes to use for its future titles, but said the the company "continues to believe it's the fastest path to market growth."

If you want an update on Midway Games stock, take a look over here.