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Technology Stocks : eidos--maker of Tomb Raider

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To: THIERRY ANNEZ who wrote (1293)8/28/1998 2:02:00 PM
From: Bleeker  Read Replies (1) of 1773
 
Grenades, barbed wire and a P/E ratio of 8. If we strip away EIDSY's
equity position against its debt and subtract cash reserves now close
to $75 million, the company has a price tag of $85 million. Or it's
trading at $5 a share if you strip away the cash. Last quarter alone
EIDOS posted revenues of $55 million (34.2 million pounds) compared
to $37 million in 1997. And that's just one quarter. EIDOS at some
point should start to build a base if the broader market cooperates.
If you look at the company's price history, it collapsed exactly a
year ago and bottomed. Look what happened in the subsequent 6 months.
Granted the market conditions are different now but I feel EIDOS is
poised for much stronger earnings performance as we shall see next
week compared to a year ago. I just hope the broader market finds its
footing in the weeks ahead and stabilizes a bit.

Bleeker
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