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

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To: john t. brice who wrote (3451)1/20/1999 5:05:00 PM
From: DB1960  Read Replies (2) of 4081
 
To the loyal few:

Anyone who's owned this stock for the past two years, at least, must have felt like this was the day they were waiting for. But for those of you who've owned over the past two years, you know that days like today just haven't stuck in the past.

I'm long-term optimistic on THDO to pull of a turnaround and build a company with real revenue, some earnings, and a few hundred million market cap.

However, read today's release carefully. The 256% revenue gain was due "in part" to the internet strategy. "In part" can mean 1% of the 256% came from the internet strategy.

Also, the company's software revenues were up $10M over the first "HALF", not quarter, of the comparable software sales in the year-ago period.

We'll see next week, but we're not quite on the launch pad yet. It seems schizophrenic that 3DO would come out with such a "hyped" internet-centric release while in reality, the path to success is to build a brand and valuable, "sequel-able" library of titles.

I'm still holding but won't be surprised to see a pullback. There are a lot of people who bought in at $4-9 who will use the current environment as an opportunity to exit. Technically speaking, an "overhang".

I still wish the company the best in building a growth and earnings story. I think the transition they've made hasn't been an easy one and somebody's sacrificed and so they deserve some return for their hard work.

Out of curiousity...who here has purchased a THDO title in the past year on the company's web site?
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