Print
E-mail
Share
digg
Newsvine
Facebook
Stumble
Technorati
reddit
Fark
twitterStock rated ‘underperform’
Tuesday, June 11, 2002 | 11:01 a.m.
Investment banking firm Wells Fargo Securities LLC has initiated coverage of gambling equipment maker WMS Industries Inc. of Chicago with an "underperform" rating.
WMS' subsidiary WMS Gaming has obtained some of the most coveted licenses to well-known themes for its slot machines and has streamlined its operations in a new plant in Illinois, gaming analyst David Barteld said.
Still, company earnings should be hurt over the next few quarters due to software problems with the company's game operating platform that have resulting in state regulators in certain jurisdictions not approving new WMS games.
"(W)e do not expect WMS to have a new, next-generation operating platform for normalized game distribution until 2004," Barteld said. "We are concerned that, in the interim, WMS is at risk of losing floor space and subsequently, market share, in an extremely competitive casino game market."
archive
- Most Read
- Discussed
- Most E-mailed
- Funeral procession for slain officer includes Las Vegas Strip
- Boyd Gaming sues man over Internet domain name
- General Growth moving subsidiaries out of bankruptcy protection
- Justin Hawkins is a Rebel with many causes
- Man on death row for 1990 Vegas murder kills self
- Metro officer remembered as ‘protector’ of family, community
- When did Binion’s $1 million display appear?
- 6th arrest made in officer’s death; 5 face formal charges
- Judge to rule whether Lt. Gov. Krolicki case continues
- Marcus Jones finds his true passion in hunt for UFC contract
Blogs
The Kats Report
Twenty years ago today, Human Nature took root on the farm
'DWTS' champ Donny Osmond still deft afoot in return to Flamingo (2 Comments)
Politics: The Early Line
Meeting of GOP governors draws challengers, not Gibbons (2 Comments)
Politics: Ralston's Flash
Oscar loves forcing developers to sign labor peace agreements, Culinary loves the city's downtown plans and all is forgiven (2 Comments)
Now and Then
Underdog is open on a post pattern
Miech Again
Kruger contract altered in September (4 Comments)
Robin Leach's Las Vegas Celebrity Watch
Photo Gallery: Donny Osmond brings DWTS trophy to Las Vegas
Calendar »
- 26 Thu
- 27 Fri
- 28 Sat
- 29 Sun
- 30 Mon
-
Food drive with Adam Hunter at Bonkerz Comedy Club
Bonkerz Comedy Club | 8 p.m. to 10 p.m.
-
DJ Battle at Drai's
Drai's Afterhours | 10 p.m. to 11:59 p.m.
-
2012 at Cheyenne Saloon
Cheyenne Saloon | 10 p.m. to 11:59 p.m.
-
Sampson's Army at the Double Down Saloon
Double Down Saloon | 10 p.m. to 11:59 p.m.
The Sun
Locally owned and independent for more than 50 years.
