Feeds

3DO Trips up, goes titsup

Files for Chapter 11

  • alert
  • submit to reddit

3DO, the one time console firm turned games software firm, has filed for Chapter 11.

Trip Hawkins, chairman and CEO, said in a statement: "While we hope that this news will generate additional new opportunities, at this point we are focused on pursuing either the sale of the entire company or the sale of its assets."

In December last year, Hawkins announced that he was making a $10m loan to the company to see it through to profitability in 2003. But sales failed to take flight. Earlier this month, the company said it was evaluating options, after poorer sales than expected had prevented it from accessing a previously arranged credit facility. Perhaps this was the balance of Mr. Hawkins' money pledge?

3DO began life as a hardware console firm, but this went the way of the dodo in 1996. The DarkWatcher's Console History has this to say of the console:

As groundbreaking as the console was, the 3DO was also one of the most expensive systems ever released. At a whopping $700USD or more, this machine only seemed to attract the wealthy. Even after a few price drops, the 3DO never recovered from its initial reputation as a rich man's videogame system. ®

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.