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Technology Stocks : Activision....Returns! -- Ignore unavailable to you. Want to Upgrade?

To: Burlitis who wrote (1816)	1/23/2001 3:09:47 PM
From: Scot	Read Replies (1) \| Respond to of 1992

Alex, Check this out: Tuesday January 23 2:55 PM ET Sega to Quit Making Game Consoles in March NEW YORK (Reuters) - Japanese video game maker Sega Corp. (7964.T), which is facing severe competition from rivals Nintendo Co. Ltd. (7974.OS) and Sony Computer Entertainment, will give up the game console business, Nihon Keizai Shimbun said. Wednesday's edition of the economic daily, monitored in New York on Tuesday, said Sega will stop producing its Dreamcast game console by the end of March and will focus on developing and marketing game software instead. Sony Computer, maker of the popular PlayStation 2, is an affiliate of electronics company Sony Corp. (6758.T). Last November, Sega reported a 17.98 billion yen ($153 million) net loss for the April-September period, largely due to hefty cuts in overseas sale prices of the Dreamcast game console. On Monday, a report said Sega was to unveil a business plan this month to supply software for Sony and possibly Microsoft Corp's (NasdaqNM:MSFT - news) upcoming game console system ``XBox.'' A Sega spokeswoman earlier in Japan said the company had nothing to add currently to an announcement it made in October, when it said it planned to provide software for rival game systems but would not withdraw from the Dreamcast hardware business.