EIDOS HERALDS MARKET TURNAROUND
Copyright 2001 www.tombraiderchronicles.com

[ September 20th 2001 ]

British computer games publisher Eidos Interactive have announced lower than expected losses for the first quarter of its fiscal year declaring £15.3 million, a sharp fall from the £22.3m shortfall it reported in the previous quarter, the BBC reports today. London based Eidos gave a broadly bullish outlook for the coming year compounded by its 2001 release strategy which includes Core Designs Project Eden, making its digital debut on Playstation and PC September 28th, Soul Reaver II and Herdy Gerdy.

Although the financial outlook for Eidos remains positive after a grim period earlier this year when a £55m share-issue package was accepted by shareholders, Chairman Ian Livingston warned that the recent tragedy in the U.S. could impair the companies turnaround: "Consumer confidence in the USA and the rest of the world may be affected by the tragic events of last week."

Eidos have also confirmed it will press ahead with plans to release its aerial combat game Thunderhawk which simulates a virtual war against terrorism. New versions of Who Wants To Be A Millionaire and Championship Manager are also slated for a forth quarter 2001 release.