Thursday, January 17, 2008

Kane & Lynch not enough for Sci investors






The publisher of tomb raider and producer of Kane and Lynch is facing an angry mob of investors these days. The reasons ? Despite Kane and lynch selling over a million copies to date, shares of the company fell by 65% and chief executive Jane cavanagh's position at the top has set the company on course to be out of cash by May or June.

But wait. What about Tomb raider you say ? Surely that will bring in enough money to keep the company afloat.

Sadly, no.

Tomb Raider: underworld, has been delayed six months. If your next suggestion was that they sell the company and cut there losses, Ubisoft and Time Warner have already declined to buy the company in apparent negotiations that lead to nothing.

At this point the company is basically struggling to get the finances to just keep the lights, which according to financial analysts is going be a cool 30 million British pounds.

Read all about how investors are demanding Cavanagh's resignation on the TimesOnline website that broke the story.

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