3DO plans to diversify business

The strategy is intended to reduce company risks, improve cash flow and increase 3DO’s independence from a single market or partner. In addition, 3DO stated that it is continuing to negotiate new partnering arrangements for its next-generation 64-bit M2 technology in the consumer game market

Sega denies plans to merge with 3DO

Sega Enterprises Ltd. today denied speculation that it had plans to acquire the 3DO Company, whose shares rose nearly 9 percent following a report that the two companies were in merger talks.

3DO Interactive Multiplayer Priced At $299

In a press release, 3DO said the sales success is only partially due to the pricing. Many consumers are buying 3DO systems because it gives them 20 times more titles than comparable 32-bit systems and an upgrade path to 64-bit technology which will deliver 7-10 times more performance than current systems, the company said

3DO Unveil M2 Technology

M2 Power PC 602

The 3DO Company today unveiled its highly anticipated, next-generation M2 technology. 3DO’s M2 64-bit architecture is designed to create a quantum leap in advanced CD entertainment technology.

3DO announces third quarter financial results

The 3DO Company today released financial results for its third quarter, reporting revenues of $12.0 million for the three month period ended Dec. 31, 1994, compared to $3.5 million for the comparable period in the prior year.