CompuServe Messages

#3DO In Trouble

    19-May-94 19:32:37
Sb: #3DO In Trouble
Fm: Andy Levy 72767,1237
To: ALL
Looks like 3DO is not in very good shape either… From today's QQUOTES: ———————– 3DO CO THDO COM Vol(00) Hi/Ask Low/Bid Last 6281 14.250 11.750 12.000 Updated: 4:00 Change: -3.500 * News on THDO as of 5:16 PM 1 RTf 05/19 1716 3DO <THDO.O> faces daunting hurdles in game market 2 RTf 05/19 0542 3DO <THDO.O>chairman sinking own cash in co – WSJ !2 RTf 05/19 0542 3DO <THDO.O>chairman sinking own cash in co – WSJ NEW YORK, Mayrnal reported. Hawkins is also seeking $10 million in capital from Goldstar Co Ltd <64010.KS> and another $10 million from a private placement to current partners by the end of June, it reported. 3DO, a home-video game maker, posted a $51.4 million loss for the fiscal year ended March 31 and has enough cash to remain in operation for two quarters, the newspaper said. MORE !1 RTf 05/19 1716 3DO <THDO.O> faces daunting hurdles in game market By Russell Blinch SAN FRANCISCO, May 19 (Reuter) – The 3DO Co faces daunting challenges trying to wrest the multi billion dollar video game industry from the Japanese giants but analysts say the marketing battle is not yet over. 3DO, a designer of home "interactive" entertainment systems, has been slumping sharply on stock markets on mounting evidence its technology has failed to excite the public in the important U.S. market. MORE —————– No idea how this does/could affect anything happening with Commodore. –apl