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Technology Stocks : eidos--maker of Tomb Raider -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Lins who wrote (1156)	7/30/1998 1:16:00 AM
From: Bleeker	Respond to of 1773

--I also confirmed the units shipped for Commandos with Goldman and it's around 200,000+ units in Europe. --When EIDOS announced its first bond offering in 1997 the stock dropped $3 from around $14 I think on the news and in the days after. So I agree with Kai that a smaller acquisition that can be financed with just cash is in the best interest of the company: both from a stronger balance sheet and positive forward earnings perspective. It would also rein in overhead cost and reduce one-time charges. --The Wall Street Journal had a story yesterday about the slowdown in manufacturing in the U.K. and how the Bank of England is now pursuing the tightest monetary policy among the G-7 countries to fend off wage pressure. The Bank of England meets next week and there is talk that if it tightens again, it may nudge the UK economy into a recession. I bring this up because it may explain the economic environment that EIDOS and other UK companies may be discounting. Also, few buyers may surface in front of 2 negative quarters based on First Call and analyst estimates. Bleeker