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

To: Jeff Lins who wrote (1355)	9/9/1998 10:08:00 PM
From: Andrew C.R. Biddle	Read Replies (1) \| Respond to of 1773

From Next Generation Online: >> Eidos Buys Crystal Dynamics; Psygnosis Next? Eidos has confirmed its impending purchase of Crystal Dynamics for $47.5 million. Rumors are flying that Eidos will soon buy Psygnosis from Sony. September 9, 1998 At the recent ECTS, Eidos announced officially that it will purchase Crystal Dynamics. The purchase will leave Crystal's name and identity intact. This ending speculation that the House that Lara Built would soon have neighbors. However, a source close to Sony has informed Next Generation Online that Eidos won't be stopping there. According to the source, Eidos plans to purchase Psygnosis for an undisclosed sum from its parent corporation Sony Corporation. The source tells NGO that the purchase will result in Eidos taking all of Psygnosis' titles and its UK studios. Psygnosis' fairly new San Francisco studios, however, would be merged with Sony Computer Entertainment's 989 Studios, the source explained. An Eidos spokesman told NGO he has "no knowledge" of any such purchase, and Psygnosis is similarly mum. However, everyone at Psygnosis has heard the same rumors, with one of the San Francisco staffers categorizing the situation as "up in the air," with no official word coming from on high. 989 Studios, on the other hand, is neither hemming nor hawing. A 989 spokeswoman told NGO today that "989 has no intention of being involved in any kind of business with Psygnosis." This passed down from Kelly Flock himself. Some wonder what Eidos' goal in these acquisitions might be in the first place. John Taylor, an analyst from Arcadia Investment Corporation explains, "I think what they're looking for is an opportunity to expand their revenue base away from Tomb Raider." In other words, while the company has done an impressive job creating a monster hit with Lara, it needs more franchises. The acquisition of Crystal Dynamics is a good one for Eidos in this case, adding at least two recognizable brands -- Gex and Legacy of Kain to Eidos' stable. A Psygnosis purchase would yield Drakan, one of ECTS' tastiest morsels, Wipeout, and of course those adorable little Lemmings.<< next-generation.com Andrew