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Technology Stocks : Walt Disney

DIS 103.41

+0.1%

3:59 PM EST

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To: themadsnooker who wrote (1954)	1/25/2000 7:56:00 AM
From: Jim Oravetz	of 2222

Before the bell, Walt Disney: Shares gained in after-hours trading on the back of stronger-than-expected earnings released after the close. Disney posted profits of $515 million for the fourth quarter, or 25 cents per diluted share, up 9% over a year ago and 5 cents better than First Call consensus forecast. Revenues rose 5% to $6.8 billion. The results excluded a loss at Disney's Internet venture, GO.com. The company also appointed Robert Iger its new president and chief operating officer, ending the uncertainty surrounding the unfilled post. The shares closed down 1/4 at 32 1/2 but should draw support from the earnings news at Tuesday's opening Jim

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