eidos--maker of Tomb Raider Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : eidos--maker of Tomb Raider

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: hl who wrote (1716)	8/5/1999 2:55:00 PM
From: AJ Berger	of 1773

Lara Croft Entices Wall Street Thursday, August 5, 1999 - 12:50 CDT Not content with swooning gamers, Lara Croft has now caught the eye of Wall Street. Merrill Lynch said today it has started coverage of Eidos with an intermediate-term “buy” rating. In a research note, Merrill analysts said Eidos is well on the way to being re-rated in line with its international competitors such as Electronic Arts and Infogrames. They said Eidos has traded on around half the rating of Electronic Arts on the basis of a multiple of enterprise value against underlying earnings, which it said seemed unjustified. The note also said Eidos has largely created its own content and does not rely on expensive licenses, such as other established publishers: “Because of the rising costs of securing important sports licenses and the cost of developing the games themselves, only well financed and larger companies will survive. [Ed. note: Eidos did recently announce a deal to publish titles based on the 2000 Olympic Games.] Eidos has operated in a business arena set to grow annually by 15 percent through 2003 due to the launch of new consoles from Sony and Nintendo, and is fast shedding its label of being a one-game company, the note also read.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next