EIDOS TRADING LOSSES WIDEN
Copyright 2001 www.tombraiderchronicles.com

[ February 28th 2001 ]

Eidos Interactive, the company behind Lara Croft's Tomb Raider, said it remains cautious about it's trading outlook for 2001 after it lost 15% off it's share price today following a turbulent three months. Sony's manufacturing difficulties, and Microsoft's delay in rolling out it's much anticipated XBOX has dealt a cruel blow to Eidos, forcing the software house to reschedule many of it's planned 2001 software titles. Although the results were broadly in line with Eidos expectations, Eidos Chairman Ian Livingstone has pinned the continued growth of Eidos Interactive on the success of the next generation consoles from Sony, Microsoft and Nintendo.

"While the company remains confident in the mid to long-term prospects of the entertainment software market, there continues to be a lack of visibility through to Christmas, 2001." Livingstone warned.