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Technology Stocks : Walt Disney

DIS 114.48

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9:30 AM EST

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To: capitalistbeatnik who wrote (479)	3/31/1998 7:51:00 AM
From: RDH	Read Replies (2) of 2222

I returned from a two week visit of Disney World. Here is what I noticed: Attendance does not seem that good. Not just for the Disney parks but for the other parks in the area -- this was a nice situation for visiting the parks -- not a lot of crowds to fight. I visited Animal Kingdom (preview). It is really done well. Also lots of opportunities for people to spend money. Universal will be opening Adventure Island in 1999. IMO, Universal Studio is far superior to Disney's MGM Park (with the exception of shows -- which Disney does better), and I would expect Adventure Island to be pretty good. It is difficult to guess to what degree Disney is going to be hurt by this competition. I have noticed that quality seems less important to Disney than revenue. This may help the bottom line in the short term, but I think in the long term there will be an erosion of the Disney name. When Walt Disney was in charge making money was a requirement but not the GOAL. With the current Disney organization it seems IMO, that making money is the GOAL and that making an important contribution to our society is only a pretence. - RDH

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