3DO Results

3DO's second quarter revenues are up, but so are losses. The company reports revenues of $22.9 million for the second quarter, and increase of 11 percent from last year's second quarter revenues of $20.7 million. Net losses reached $15.2 million, compared to second quarter net losses of $5.9 million this time last year. "We were pleased with the quarter and our revenue and the operating loss were in line with our expectations," said 3DO Chairman Trip Hawkins, "We expect margins to improve as we enter the second half, due to decreases in the price pressures we have experienced in the first half, and a shift in mix to higher margin products."