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Technology Stocks : Walt Disney

DIS 103.41

+0.1%

Nov 26 3:59 PM EST

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To: Captain Jack who wrote (1769)	7/22/1999 9:24:00 AM
From: KS	Read Replies (2) of 2222

July 22, 1999 08:30 Disney net dips on Internet deal despite strength BURBANK, Calif., July 22 (Reuters) - Entertainment and media powerhouse Walt Disney Co. on Thursday posted a 12 percent drop in fiscal third-quarter net income to $367 million as its acquisition of Internet assets and other factors offset record results at its theme parks and resorts. But peeling away the Internet costs related to its November 1998 acquisition of a big piece of Infoseek, the company's operating results of 20 cents a share exceeded by a penny the consensus analysts' estimate compiled by First Call Corp.

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