#3DO In Trouble
Looks like 3DO is not in very good shape either…
From today's QQUOTES:
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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
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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
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No idea how this does/could affect anything happening with Commodore.
–apl