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Non-Tech : Play-by-Play Toys and Novelties (pbyp)

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To: johnlag who wrote (90)9/9/1999 4:26:00 PM
From: StockDung  Read Replies (1) of 132
 
It was not down today because of more irresponsible reporting by Rueters. They announced in their press release that received rights to make and distribute Pokemon toys. What they neglected to inform the public about was that those rights are only to sell Pokemon to Carnivals and State Fairs and that the rights are non exclusive. I also found out that Carnivals and State Fairs spend the same amount of money. In other words if a Carnival has been spending a million dollars on trinkets from PBYP. They will just buy more Pokemon and less trinkets from them. The bottom line is they spend the same million dollars.

Hasbro to buy Pokemon card maker

NEW YORK, Sept 9 (Reuters) - Pokemon trading cards, whichhave exploded into a craze among children, are joining Monopoly, Star Wars toys and G.I. Joe in Hasbro Inc.'s <HAS.N> huge toy and game stable.

"Last week, Play-By-Play Toys & Novelties Inc. <PBYP.O> received rights to make and distribute Pokemon toys, giving Play-By-Play's stock a boost from less than $1.50 a share to its current $4.75."

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