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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (73203)	11/24/1999 11:34:00 AM
From: Jenna	Read Replies (3) \| Respond to of 120523

Added MWY to EIDSY. THQI got itself a little extended so currently out of that issue. As an Eidos shareholder they will be discussing a possible stock split end of January. I think video gaming which is a favorite sector is going to do very well also. Their fourth quarter is expected to be explosive.. Also got HIT for hubby after selling his TAN.. Love those foreign issues. Eidos' core business remains strong despite only releasing five titles in the first six months compared to seven last year. Gross margins have improved although following the increased development commitments, selling and administrative costs and goodwill amortisation, Eidos reported an operating loss of 36.9 million pounds. In order to bring the share price more in line with the market and to improve the marketability of our shares, we intend to seek the approval of shareholders to split each existing 10 pence share into five 2 pence shares. An extraordinary general meeting is to be called on January 25, 2000 and the split will take effect from January 26, 2000. A circular will be sent to shareholders outlining this proposal in more detail in due course''. Charles Cornwall, Chief Executive Officer, added, ''Following on from the quiet first quarter, Eidos' interim results reflect the relatively fewer new releases in the period coupled with increased levels of development and corporate activity. This has resulted in turnover of 44.1 million pounds compared to 47.6 million pounds in the same period last year and operating losses of 36.9 million pounds compared to losses of 13.6 million pounds last time. Five new titles were released during the first half compared to seven last year. Legacy of Kain: Soul Reaver from Crystal Dynamics has been particularly successful having already sold in excess of one million units since its launch and is developing into one of our key franchises. We enter the Christmas selling season with a substantial, high quality product line-up representing Eidos' most impressive winter release schedule ever. To date Power Stone, The Nomad Soul, Revenant and Abomination have already been released. Tomb Raider: The Last Revelation is released today in North America and due on December 3 in Europe, with Fighting Force 2, Urban Chaos, Daikatana, F1 World Grand Prix, Championship Manager Season 99/00 and Gex III on Game Boy Color still to come. Furthermore, the integrity of our fourth quarter release schedule is unprecedented with much anticipated titles such as Resident Evil 3, UEFA Champions League 2000, Thief 2, Fear Affect, Deus Ex and Tomb Raider on Game Boy Color amongst others, due for launch in this period.''