EIDOS PLC CLOSES AT MARKET HIGH
Copyright 2001 www.tombraiderchronicles.com

[ October 2nd 2001 ]

London based publishers Eidos Interactive saw heavy trading on its share price today after heavyweight brokerage firm Goldman Sachs initiated coverage on the stock with an "out-performer" rating.

Eidos PLC closed up 22-1/5 at 176 with predictions from analysts that the troubled software publisher could see its market value grow by a third coupled with an estimated share price of 265 in the near future.

Goldman Sachs’ positive review of the games sector has been fueled by the imminent release of the next generation gaming consoles, including the XBOX from Microsoft Corp, and encouraging figures from UK high street retailer Electronics Boutique who said sales during the past nine weeks were 46 per cent higher than the same period last year.

Although Eidos Interactive will not be releasing a Tomb Raider episode this year, the company can look forward to some critically acclaimed titles from Derbyshire based studios Core Design.

Project Eden, a squad-based action/adventure featuring strategic puzzle solving, tactical use of equipment and innovative character interaction makes its commercial debut October 19th with Herdy Gerdy - anticipated by the specialist media as one of 2001's most significant PS2 releases - debuting shortly after.