By Julian Goldsmith, 12 October 2001 16:30
NEWS Forbidden Technologies, the video streaming company started up by the founder of games maker Eidos, saw its shares leap 27 per cent after it demonstrated its product at the Frankfurt Book Fair. The news that the share price had risen by 11p to 53.5p was only spoiled by the fact that it had already fallen 76 per cent since May. Analysts were also quick to dismiss the rise as a knee jerk reaction. Durlacher analyst Dru Edmonstone told Bloomberg: "The shares are moving on a lot of hype from the fair. The company has no customers and isn't worth 10p a share at the moment. Forbidden Technologies demonstrated software yesterday which streams high-resolution video to hand held devices.
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