![]() |
|
|
|
Send
News. Want a reply? Read
this. More in the FAQ.
News
Forum - All
Forums - Mobile - PDA - RSS Headlines |
Eidos lowers forecasts following slow Tomb Raider sales has word that
Tomb Raider: Underworld generated approximately 1.5 million sales through
the end of last year, which would be a runaway success for many titles, but not
for a franchise with such lofty expectations. Eidos indicates much of the
shortfall from their internal projections is in North America, and while the
game's reviews are fairly lukewarm, they blame this on the economy: "In a
difficult North American economy we have seen retailers restricting inventory
levels and triple-A products being price discounted above our expectation." As a
result, Eidos has lowered its financial expectations for the year, and indicate
this may force them to tap their line of credit: "We have passed our peak net
debt position and we retain sufficient headroom within our committed banking
facility but given revised profit expectations we may need to enter into
discussions with our lending bank regarding our June 2009 covenants." A
follow-up story indicates that Eidos stock values plunged 25% to 12.25 pence
on the news.
|
![]()
![]()
Copyright © 1996-2016 Stephen Heaslip. All rights reserved.
All trademarks are properties of their respective owners.
News CGI copyright © 1999-2016 James "furn" Furness &
Blue's News.
All rights reserved.
Chatbear v1.4.0/blue++: Page generated 17 August 2016, 23:52.
Chatbear Announcements.