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Eidos Results

First quarter revenues at Eidos remain largely unchanged from last year. The company's first quarter revenues totaled $25.4, unchanged from the same period one year ago. ...
First quarter revenues at Eidos remain largely unchanged from last year. The company's first quarter revenues totaled $25.4, unchanged from the same period one year ago. Losses for the quarter also moved only slightly, to $26.8 million before taxes and goodwill. "Results for the first quarter of financial year 2001 reflect a relatively quiet period for Eidos, with only four new releases," said Eidos CEO Charles Cornwall, "With our balanced portfolio of established franchises, licensed products and exciting and original new titles, we remain confident that Eidos can trade through the current market difficulties." The flat result might encourage more takeover rumors, but the company still isn't talking. "On June 20, Eidos released an announcement saying it was in preliminary discussions which might or might not lead to an offer for the business," said Eidos Chairman Ian Livingstone, "It is as yet too early to determine the outcome of the negotiations."

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