Eidos, the struggling games developer, announced this week that
it lost £82 million in the six months to the end of September. This
compares with a loss of £38 million for the previous year. The
company's share value has dropped by around 75% this year.
The company has said that low sales of its Tomb Raider 4 and
Fighting Force 2 games for the PlayStation contributed to the
losses. The delayed arrival of the PS2 has only deepened its
problems, despite only one of its planned 19 PS2 products being
ready for this Christmas. Eidos was also hit by its $55 million
investment in the consumer entertainment internet company
Express.com which has performed less well than expected.
However, the company says it can survive on its current £50
million overdraft facility and is confident that it will be
profitable by 2002.
