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

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To: Mad2 who wrote (3689)10/25/2000 11:46:13 AM
From: wolfdog2  Read Replies (1) of 4081
 
Analysts had been predicting a profit of ~$.40 for Q3. The company is now projecting break even. It is this factor, I'm sure, that led to the analysts' downgrades and the stock's sudden decline. If things don't improved markedly over the next 12 months, the company could well run out of cash.

David, I think you stand alone in your worry about PSX II's acceptance. PSX II is by all accounts (including the experience in Japan) going to be a big winner. At this point is is unclear, however, whether THDO is the stock to play. TTWO looks like a much better bet. THQ and ATVI look good too, but they are more expensive on an earnings go forward basis.
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