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Technology Stocks : Interactive Entertainment / Videogames

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To: Netstockfiend who wrote (32)12/29/1999 6:32:00 PM
From: Mahatmabenfoo  Read Replies (1) of 81
 
> Don't hate it because it's beautiful, kids.

It's not that exactly -- it's just that its rise is puzzling, and no one can explain the puzzle. I don't see reality or hype that justifies its performance, or that supports a prediction that its performance will continue.

> EIDSY is supposed to EARN $2.11/share this

Yeah? Even though its "most popular franchise" looks run into the ground by too many sequels using the same engine and same design ideas? And even tho' EIDSY plans to spend $5m to market that dog? (!)

G'luck! Really. Still nothing you've said seems to justify your "is going to rocket" prediction. Seems to me it's already rocketed.

- Chuckie

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MmWire November 30, 1999

Fewer new releases coupled with increased levels of development and corporate activity contributed to Eidos [EIDSY] suffering a greater Q3 loss year-on-year. The company reported a net loss of $21.2m, or $1.09/share, on revenues of $45.0m for Q3, which ended September 30. That compares with a net loss of $14.0m, or 81 cents/share, on revenues of $34.8m for the same quarter last year. Eidos made several acquisitions in the quarter, including stakes in Top Cow Productions, Ion Storm, and Maximum Holdings. The company this week ships the latest installment of its most popular franchise, Tomb Raider: The Last Revelation for PlayStation and PC. Eidos will spend more than $5m to market the title, supporting it with TV spots on MTV and Comedy Central, outdoor billboards, bus wraps in major US cities, and demo discs. [Conversion: 1 Pound=$1.60] (Eidos, Brian Kemp, 415/547-1200)

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THE ARIZONA REPUBLIC
November 25, 1999 Thursday, Final Chaser
HEADLINE: BUSINESS BROWSER EARNINGS;

* EIDOS PLC, EUROPE'S LARGEST MAKER OF VIDEO GAMES, SAID ITS FIRST-QUARTER LOSS DOUBLED AS IT RELEASED FEWER TITLES AND SPENT MORE ON DEVELOPING PRODUCTS. THE COMPANY'S LOSS WIDENED TO 26.9 MILLION POUNDS ($43.7 MILLION), FROM 13.8 MILLION POUNDS ($22.4 MILLION) A YEAR EARLIER. EIDOS, THE MAKER OF POPULAR TOMB RAIDER GAMES FEATURING THE LARA CROFT CHARACTER, SAID SALES SUFFERED AS IT RELEASED FIVE NEW TITLES IN THE PERIOD, DOWN FROM SEVEN A YEAR EARLIER. IT WILL RELEASE 14 GAMES IN THE SECOND HALF.
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