Meantime Matsushita Electric Industrial Co Ltd confirms that it is studying the possibility of developing new home multimedia terminals using PowerPC microprocessors, presumably another so far undiscussed part, the 602, but the company denied a report in the Nippon Keizai Shimbun that said Matsushita and IBM Corp would soon exchange a letter of intent on joint development of next-generation multimedia terminals. The paper said the multimedia terminals would include 64-bit PowerPCs and be used for on-line shopping and video-on-demand services, as well as playing movies and music – all of which is hardly surprising, since Matsushita is the premier licensee of the 3DO Co Internative Multiplayer design and 3DO has confirmed that PowerPC looms large in its future.