eidos--maker of Tomb Raider Message Board

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Technology Stocks : eidos--maker of Tomb Raider

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To: hl who wrote (1635)	3/9/1999 4:37:00 PM
From: GNMartin	Read Replies (1) of 1773

I'm not surprised Stephen is cashing in a good part of his holding. He was one of the two founders of Eidos. Eidos was founded to produce digital video editing equipment based on Stephen's PhD thesis work on video compression. It came to the UK market, and they had a lot of interest from people like the BBC, but only interest: no sales. The shares drifted from £1 (I think) to 15p (about 24 cents), the downward movement being given impetus by financial difficulties experienced by a large venture capitalist shareholder. At this point Charles Cornwall bought in (buying from the said venture capitalist), and the rest is history. Stephen's video compression software has looked as though it might hit paydirt a few times (the Oracle video telephone licence being the most exciting), but it is looking more and more like a fringe part of the group. Stephen was an impecunious PhD at the start. Although he now gets a decent salary, I guess he feels it is time to enjoy a bit of the money he's made. I expect there are quite a few things he might want to do with the £3m he'll have made from the sale (pre-tax). Nigel Martin

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