THIS SHARE IS VOLATILE TO SAY THE LEAST BUT IS THERE A QUICK PROFIT IN IT.


11.41AM THURSDAY 10.3.05
Eidos warns on FY after first half losses UPDATE
AFX


(Updating with chairman comments)

LONDON (AFX) - Computer games firm Eidos PLC posted a large loss at the interim stage and said full year numbers will take a hit from the delayed release of certain titles.

The company, which said it was up for sale last year, recorded pretax losses for the six months to Dec 31 2004 of 28.7 mln stg compared to profits of 7.8 mln a year earlier. Sales dropped to 31.5 mln stg compared to 78.7 mln last time.

Eidos saw its shares slump yesterday amid fears that potential buyers would be deterred by a profit warning, but said today it has received a possible cash offer at 53 pence per share, although there is no certainty an offer will be made.

'As these results show, the first half has been a very difficult period for

Eidos,' said chairman John van Kuffeler.

'Although we had expected to report an operating loss in the first half

given the release schedule, this has been exacerbated by the deferral of the PC

version of Championship Manager 5 as anticipated, and the disappointing

performance of some of the other titles released.'

The release of Lara Croft Tomb Raider and Hitman: Blood Money, together with 25 to Life and Just Cause has been moved out of the last quarter of this financial year and into the financial year to June 2006.

'On the positive side, we have been pleased with the performance of ShellShock: Nam '67 and with the good reviews received for Project: Snowblind which forms part of a strong residual release line up for the remainder of FY2005 including Championship Manager 5, LEGO Star Wars: The Video Game, Imperial Glory and Commandos Strike Force.

'In the absence of a successful conclusion to the strategic review, the outlook for Eidos as an independent company remains challenging and the strategic decision to defer the release of certain titles to FY06 will have a significant impact on the expected results for the current financial year as a whole.'

The second half release line-up, in addition to Project: Snowblind and

Championship Manager 5, will now comprise: LEGO Star Wars: The Video Game which is on track for third quarter release as well as Imperial Glory and Commandos

Strike Force which are scheduled for release in the fourth quarter.

bam

The 2.5 billion dollars refers to the value of the venture capital firm not the bid value. Who in their right mind would bid $2.5bn for a company worth circa 55m at current prices?

Eidos Plc has received a $136.3m cash buyout offer from Elevation Partners, a company recently formed for the purpose of bidding on Eidos.

The offer works out to 50p (96 cents a share), or 71m. It represents a 27.4%premium to Eidos' closing share price last Friday.

Eidos said its board is unanimously recommending the offer to its shareholders.

Elevation Partners is a US based private investment firm formed by longtime Silicon Valley investor Roger McNamee. According to its Web site, the firm also is 'led by' rock star Bono and several others, including John Riccitiello, the former president and COO of Electronic Arts.

Just heard that SCI have trumped the bid. No confirmation yet but it comes from a trusty source.

cheers GF.

is this good or bad gf.

Further re bid for EIDOS- Hopefully we all made a handsome profit on this one. I know I did. Good luck

Eidos PLC
22 March 2005



> 22 March 2005
> Eidos plc
> Response to Offer from SCi Entertainment Group Plc



The Board of Eidos has noted today's announcement by SCi Entertainment Group Plc
in relation to its proposed all share offer for the Company ('the Share Offer').
The Board will consider the Share Offer in the light of its other alternatives,
including the recommended cash offer of 50 pence per share by EM Holding Corp.,
a company backed by Elevation Partners. A further announcement will be made in
due course.


Contact:

Eidos Public Limited Company +44 (0)20 8636 3000
John van Kuffeler, Chairman
Mike McGarvey, CEO

Brunswick (UK) +44 (0) 20 7404 5959
Jonathan Glass
Wendel Verbeek

Brunswick (NY) +1 212 333 3810
Nina Devlin

UBS Investment Bank +44 (0)20 7567 8000
(financial adviser to Eidos)
Adrian Haxby
Benjamin Robertson




This information is provided by RNS
The company news service from the London Stock Exchange

Eidos seems to be increasing day by day. This might be a good buy.