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

To: hl who wrote (1658)	3/19/1999 9:40:00 AM
From: Andrew C.R. Biddle	Read Replies (1) \| Respond to of 1773

From WSJ Interactive: >>Dow Jones Newswires LONDON -- Shares in computer games company Eidos PLC (EIDSY) are up another 12% Friday, extending highs as they continue their move to reflect the level of price/earnings ratios their U.S. counterparts have enjoyed for some time. At 1215 GMT, Eidos shares are up 202.5 pence at 1,965 pence, and have traded as high as 1,970 pence during the session. The shares have been on a strong upward trend for the past six months. From a 13-month low on Oct. 7, the shares climbed to an all-time closing high of 1,762.5 pence Thursday, reflecting a P/E multiple of 11 times. "It's very much U.S.-driven," said Nick Gibson, a games analyst with specialist information technology investment firm Durlacher. "It's a fundamental correction of the valuation applied to the company. It's being based now on U.S. multiples." He noted that U.S. games companies have P/E ratios ranging from 9 times to 45 times and Eidos used to trade at a discount to that market. Eidos wouldn't comment on the move, except to say its shares had been cheap in the past. -By Karen Chan; 44-171-832-8229; karen.chan@dowjones.com<< From CTW: Eidos keeps an eye on Storm Eidos Interactive has taken the highly unusual step of sending publishing director John Kavanagh to Ion Storm's offices in Texas for three weeks in an effort to sort out the problems surrounding the development of it's keenly-anticipated release Daikatana. According to Eidos, the long awaited ‘Quake-killer' is due to be released in June, although a knowledgeable insider has indicated that September may be a more realistic date. ========================================== SCi nixes sale rumours After a sudden rise in its share price, SCi has moved to assure the market that there are no ‘for sale' signs on display outside its HQ. With every publicly quoted company's stock movements under careful scrutiny from industry watchers right now, a sudden 37 per cent rise in SCi's share price early last week was quickly followed by rumours regarding a possible sale to Eidos. ==========================================<< Looks like the road show in U.S. and Europe has been successful for Eidos in improving share price. I wonder how long until they use stock to buy another company. I believe Eidos is to make final payment for Crystal D purchase on April 1st: something like twenty plus million. I assume they would like to see Daikatana ship in that quarter. Andrew