FORBIDDEN SHARES SOAR AFTER DEMO
Copyright 2001 www.tombraiderchronicles.com

[ October 12th 2001 ]

Forbidden Technologies, the video streaming company started by the founder of games publisher Eidos Interactive, saw its share price rise by 11p to 53.5p after a positive response from a number of media-related companies at the Frankfurt Book Show, the Financial Times reports today.

The company had been demonstrating their video compression technology recently adapted for use on handheld devices. According to financial watchdog City Wide, sources close to Forbidden said a number of well-known names had expressed an interest in the technology, calling for the group to hold a meeting in London.

Analysts were quick to dismiss the rise as a knee jerk reaction following a 76 per cent fall since May. Forbidden's shares are tightly held by the company's directors in a market sector very volatile given the unique but embryonic nature of the technology.