TECHNOLOGY - May 17, 1995

AT&T; Seeks to Sell 3DO Shares: The company has filed to sell about 25% of its stake in 3DO Co. as part of a plan to liquidate all its holdings in the troubled video games maker. Last year, AT&T; Corp. abandoned plans to enter the game machine business and the company indicated at that time that a sale of the 3DO stake was probable. AT&T; had intended to license 3DO’s video game technology when it first invested in the company two years ago. AT&T; was also supplying 3DO with chips for its CD game player. “About a year ago, we revisited our strategy and the equity stake in 3DO became an investment for us, rather than a way to get into the market,” said David Boyce, vice president at AT&T;’s consumer products unit. “We are selling off our investment and taking a profit.” According to its arrangement with 3DO, AT&T; could not sell its stake until January, 1995. AT&T; now intends to sell all of its shares in the company in the near future.