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January 22, 1998

EIDOS STOCK SOARS ON THE BACK OF TOMB RAIDER

By CBR Staff Writer

Shares in UK entertainment software house Eidos Plc soared into the stratosphere for the second day running on Thursday as punters digested management’s bullish trading comments. On Wednesday, Eidos said that its profits for the year to March 31 would be substantially in excess of market expectations, and the shares jumped 18% to 872 pence. Positive press comments fueled momentum the next day, and the shares hit a high of 962.5 pence. All a far cry from August last year when rumors of insider trading and resigning auditors forced the price closer to 400 pence. But before investing your own money, its worth noting that the company enjoys buried treasure – with 50% of its revenues come from just one title, the hugely successful Tomb Raider.

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