SCi Stock Hits All-time Low
by January 11, 2008 @ 11:26 am
Despite the strong sales of Kane and Lynch, SCi Entertainment and its subsidiary Eidos have seen a massive decrease in stock value.
According to a Bloomberg report, shares in UK-based company declined 82 pence, or 51 percent to 52 pence, dropping the company’s market value to an all-time low of £50.4 million ($98.4 million). Reportedly, this the worst drop that SCi has seen in 18 years.
SCi also expects to post an operating loss in 2008 because of numerous delays to high profile game releases, which include the recently announced Tomb Raider: Underworld. The games are now expected for release in the beginning of the 2008 holiday season.
SCi Entertainment Falls Most in 18 Years After Bid Talks End [Bloomberg]
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