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Technology Stocks : Walt Disney

DIS 112.14

-1.4%

1:15 PM EST

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To: neverenough who wrote (640)	6/22/1998 11:40:00 AM
From: Dorine Essey	Read Replies (2) of 2222

Nigel, More bad press. Trust me when I say, it's time to BUY Dorine NEW YORK, June 22 (Reuters) - Brown Brothers Harriman analyst Mary Ann Winter said Monday she lowered her long-term rating on Walt Disney Co. to neutral from buy. -- Kept short-term rating at neutral. -- Cited concerns about Disney's creative content business, which includes areas like films and consumer products, over the next few quarters. Winter expressed particular concern about the creative content business in Japan, which she said "has been a source of great growth." -- Winter said she was not as concerned about theme park results, noting the strong employment picture in the U.S. presented a favorable climate for tourism. -- Cut 1998 earnings estimate to $3 a share from $3.15. -- Cut 1999 earnings estimate to $3.55 a share from $3.70. REUTERS Rtr 10:57 06-22-98 Copyright 1998, Reuters News Service c 1997 DLJdirect. All Rights Reserved. Copyright c 1997 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. or such other notice as may be agreed by the parties in writing.

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