/OT/
Duane,
Re: THDO
From Edgar (7/23/99):
>>The 3DO Company is offering 7,900,000 shares to be sold in this offering. Of these shares, we have reserved 1,400,000 shares for sale to William M. Hawkins III, our Chairman and Chief Executive Officer, who has expressed an interest in purchasing shares in this offering at the public offering price. Any reserved shares not purchased by Mr. Hawkins will be offered by the underwriters to the general public on the same basis as the other shares offered hereby. The last reported sale price of our common stock on the Nasdaq National Market on July 22, 1999 was $5.56 per share.<<
From what I've read they are doing this offering to raise money mostly to make games for PlayStation 2. As you know from LSI, PS2 comes out this winter in Japan (not sure if before or after Xmas), and next fall in the USA.
In addition to that, while it's true that they reported a loss, it was for .01 less than expected (.26 vs .27).
And then, there are the charts:
iqc.com
iqc.com
E!
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