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To: Didi who wrote (284)6/19/2000 4:42:00 AM
From: Didi  Read Replies (1) | Respond to of 1115
 
Tech News--Bloomberg:>>>Microsoft Buys Bungie Software to Boost X-Box Game Development

quote.bloomberg.com

>>>Mon, 19 Jun 2000, 4:39am EDT

By Dina Bass

Redmond, Washington, June 19 (Bloomberg) -- Microsoft Corp., the world's largest software maker, said it acquired Bungie Software Products Corp. to bolster its development of games for personal computers and its planned X-Box video-game console.

Terms weren't disclosed. Closely held Bungie makes games such as ``Myth'' and ``Marathon.'' The Chicago-based game maker and almost all of its 50 employees will join Microsoft as a separate development studio within the Microsoft games division.

The purchase gives Microsoft new game titles and developers as it builds its first game console, expected to come out in the second half of 2001 to strong competition from Sony Corp., Nintendo Co. and Sega Enterprises Ltd. To make the X-Box a success, Microsoft needs to make sure there are games written to work with it by the time it's released.

``Bungie is going to move up to Redmond and create great games for the PC and X-Box and really help us shape X-Box as the games platform of the future,'' said Ed Fries, vice president of Microsoft's games division.

As part of the purchase, Microsoft acquired Take-Two Interactive Software Inc.'s 20 percent stake in Bungie. Take-Two, Bungie's current distributor, has acquired ownership of one of Bungie's two upcoming releases, a game called ``Oni,'' as well as the rights to ``Myth'' games.

Microsoft bought two video-game companies last year, FASA Interactive Technologies Inc. and Access Software Inc. Products from both will be released late this year.

Redmond, Washington-based Microsoft rose 3/16 to 72 9/16 in Nasdaq trading on Friday.<<<




To: Didi who wrote (284)6/19/2000 8:05:00 AM
From: edamo  Read Replies (3) | Respond to of 1115
 
didi...."qcom/korea"

comments made by roberts on korea removing home market subsidies are valid and logical.

no different then the old pricing structure in japan for consumer electronics and cameras. home market pricing kept at a premium, to allow production and competitive export pricing to gain global share. i remember buying canon camera bodies in nyc and sending them back to japan as a "gray" market reverse export.

i do disagree with the comment of "to slow down manufacturing".....probably meant as "to shift/reapportion manufacturing for export product"