3DO: Hot Games for Hot Machines (THDO) Message Board

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Technology Stocks : 3DO: Hot Games for Hot Machines (THDO)

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To: James Strauss who wrote (3512)	6/18/1999 3:29:00 PM
From: Andrew Fenic	Read Replies (1) of 4081

Why is 3DO issuing 5 million new shares when their stock is already well off its 52 week high? Haven't they purchased enough gaming companies now to achieve strong steady state growth and profitability? Why do they need the cash infusion AT THE EXPENSE of current shareholders? Now that the company is finally enjoying some success in the marketplace they elect to punish shareholders to generate cash they don't need. On the bright side they certainly got a great deal for the worthless M2. $100M for technology that is hopelessly obsolete and will never be deployed. Gotta love that -- provided them fuel to grow the new software business. On the flip side, Matsushita owed them one for messing up the 3DO rollout.

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