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Technology Stocks : eidos--maker of Tomb Raider

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To: Jeff Lins who wrote (1266)8/21/1998 1:01:00 PM
From: Bleeker  Read Replies (1) of 1773
 
The current P/E is 10 and forward P/E is 5.8. If the Daikatana delay
prompted this selloff, I am considering it as an opportunity to add
today. The delay should have zero effect on FY99 earnings; in reality
it strengthens EPS prospects for the Jan. to March period. Still, a
delay is a delay and given the shifty broader market one has to take
it in stride. Perhaps Tomb Raider III will be pushed to FY2007 :0)
Seriously, I expect holiday season earnings to be stellar with the
expanded base of PCs and TRIII. And Daikatana in Jan-March will
be needed to catapult us above this years comps. of 23 cents. In a
perverse way the delay only strengthens the lineup for early next
year.

pcquote.com

I confirmed with two sources today (one at Rage Software & the other
with an analyst that Rage is not in talks with EIDOS.) Amazing where
the long bond is with huge inflows from foreign accounts & flight to
quality: 5.39%. This should in normal times underpin equities in a big
way. But the world is focused on the president's travails and Russia,
which has less than 1% effect on U.S. GDP. Same with Japan. *sigh*

Patience grasshopper:

Bleeker
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