EIDOS OFF ON PROFIT
Copyright 2001 www.tombraiderchronicles.com Source:
[ January 25th 2001 ]
interactive, the power behind Lara Croft's Tomb
Raider, lost 18 per cent off it's share price
today following a revision warning of downwards
expectations resulting in the delay of many titles,
Bloomberg reports today.
Plc, maker of the "Tomb Raider'' video game
starring Lara Croft, said sales in the U.S. were
"well below expectations'' at the end of
2000 and that some new games planned for the end
of the year were delayed. As a result of the delays
of titles such as "Commandos 2", "Startopia''
and "Gangsters 2'', the company "has
significantly revised downwards its expectations
for the full year'' that ends in March, according
to a statement released on the U.K.'s Regulatory
of games from Eidos and rivals such as Electronic
Arts Inc. fell last year as customers waited for
the new PlayStation 2 console from Sony Corp.
Eidos said in November that it was concentrating
on games for rival consoles until the PlayStation
2 market was more developed. Today the company
said it decided to delay the release of three
PlayStation 2 games, including "Herdy Gerdy''
and "Eden'' to the first half of the next
financial year, which begins in April, "in
view of the current relatively small installed
base of the highly anticipated PlayStation 2 consoles.''