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Technology Stocks : NewKidCo International (OTC:NKCIF) (TSE:NKC)

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To: Director who wrote (3567)10/6/1999 7:49:00 AM
From: TheSlowLane   of 4231
 
CNET article on Mattel:

news.cnet.com

Mattel needs a recess from tech
By Greg Sandoval
Staff Writer, CNET News.com
October 5, 1999, 4:40 p.m. PT
Mattel, the maker of Barbie and Hot Wheels, has discovered the tech world is no playground.

The world's largest toy manufacturer, which stormed into the high-tech industry by acquiring Learning Company in May, was forced to announce yesterday that the educational-software maker will lose between $50 million and $100 million for the third quarter, creating a dramatic shortfall in Mattel's expected profits.

[click link above for the whole article]
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