Sega's demise made official.
The earth-shattering developments concerning Sega's future have finally reached a climax, as Sega recently made official the company's plans to become a third party developer (apparently to begin with the anticipated release of Virtual Fighter 4 for Sony's PlayStation 2). Also confirmed were Sega's plans to chop the price of the Dreamcast to a minuscule $99.95. Furthermore, Sega reiterated its intentions of becoming a power in the network gaming field while distributing the Dreamcast chipset technology to numerous platforms. Sega also plans to provide software to Palm handheld devices. Moreover, the longstanding company confirmed that the DC chip will be integrated into set-top boxes from European hardware developer Pace Micro Technology.
"Sega is a company that has always dared to innovate and push this industry forward," boasted Peter Moore, president and CEO of Sega of America. Apparently, Mr. Moore believes that this innovation is best shown by fleeing backwards in cowardice. In any event, he continued, saying, "Sega will continue to do so with its new strategy, and the result for consumers will be what you would always expect form a rules breaker like Sega -- a library of pioneering, jaw-dropping content now available any way you want to play."
The aforementioned price drop will be realized on February 4 in the North American continent. Sega also confirmed prevalent rumors that Dreamcast production will be completely halted on March 31. While the Dreamcast prepares for the gallows, Sega is still preparing to support the dying console with more than 30 titles slated to drop this year. Sega fully expects to have achieved an installed base of 4 million units in North America -- the Japanese figure exceeds 8 million units.
Adding insult to injury, Sega's stock has ballooned 70 percent in the last several days in light of the uncertainty. Sega received a further block of cash via a personal donation of a staggering $730 million from CSK chairman Isao Okawa.
1/31/2001 Bryan Keers