December 17, 1993 |
3DO Co., which has lost half its market value in the past two months, Thursday delayed selling 1 million shares of common stock. The highly touted, money-losing technology company blamed "unfavorable stock market conditions" and said it will reconsider the proposed sale after the first of the year. 3DO shares traded at $37.25 on the Nasdaq market when the company announced the secondary offering Nov. 8. On Oct. 15, the stock had reached a 52-week high of $48.25.
June 4, 1993 |
Trip Hawkins, chief executive of 3D0 Co., used the Consumer Electronics Show here Thursday to unveil the first software for the company's "interactive multiplayer," the multimedia machine that has captured Hollywood's imagination--and quite a bit of its money. The studio executives nearly stumbling over each other's feet at 3D0's crowded booth at the convention included Sony Pictures Entertainment Chairman Peter Guber, Paramount Technology President Keith Schaeffer, Warner Bros.
January 8, 1993 |
With a theatrical flourish befitting a firm that aims to marry Hollywood and Silicon Valley, a small start-up company with some very big backers Thursday demonstrated a living-room entertainment system that it predicts will eventually become as pervasive as the VCR. The system developed by 3DO Co. resembles a souped-up video game machine, but it handles three-dimensional graphics and highly realistic, fast-moving animated images that look like real Hollywood special effects.