Tomb Raider publisher going belly up?
- January 11, 2008 13:19 PM PST
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Amid expected losses in 2008, SCi stock tumbled to its lowest point in more than 18 years after Time Warner and an unnamed company removed their takeover bids.
Will Eidos be the next Atari?
"Management credibility is rock bottom, given heavy use of questionable provisions, failure to achieve release targets, at a time when the market is booming," said analyst Simon Davies in a note to investors via Bloomberg.
SCi acquired the Tomb Raider series with the purchase of Eidos in April 2005 and has since been unable to return the franchise to former greatness.
Lara fans can sleep at night knowing that the recently announced Underworld will still make it to 360, PS3, and PC, but publisher woes will likely affect when. SCi already delayed four unspecified games due to lack of cash, says Bloomberg.
