IEIDOS HIGH ON SMOOTHING MARKET OISES
Copyright 2002 www.tombraiderchronicles.com

[ January 29th 2002 ]

Shares in Eidos PLC were well supported in mid-morning trades, significantly outperforming a sagging mid-cap market, with investors warming to some positive noises from Goldman Sachs, heavyweight information carrier Ananova reports today.

The heavyweight broker said advised clients to retain an overweight position in the games software feature ahead of the European launch of Microsoft Corp's Xbox and Nintendo's GameCube this year. "We believe momentum is accelerating in the games software sector, with robust market growth tracking above our expectations," said Goldman in a note to clients.

Reiterating its 'market outperformer' rating, Goldman said it considered Eidos the best investment in the games software sector.