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Technology Stocks : Walt Disney
DIS 104.87-1.8%Dec 2 3:59 PM EST

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To: Hugh W. who wrote (786)7/9/1998 11:03:00 PM
From: Dorine Essey  Read Replies (3) of 2222
 
After this NEWS, I think you did the right thing!!!!!
Disney
06:35 p.m Jul 09, 1998 Eastern
AUSTIN, Texas (Reuters) - A committee of the Texas Board of Education voted Thursday to recommend the sale of $45 million in Walt Disney Co. stock from the state school fund because the company's movies are too sexy and violent.

The committee's decision was to go before the full 15-member board on Friday for a final vote. The education board runs the public school system in Texas and controls the $17.6 billion Permanent School Fund, in which 406,000 shares of Disney stock are held.

Board Chairman Jack Christie told reporters he expected the full board to go along with the five-member committee.

''I hope it sends a message to Miramax (Films, a Disney unit) that the public in this country has had enough of the violence in these movies. How many more school shootings do you want?'' said Christie, a Republican from Houston.

He said he was convinced to sell the Disney stock after the right-wing religious group American Family Association showed him clips from the Miramax-produced black comedy ''Pulp Fiction,'' which included scenes of murder, drug usage and sadomasochism.

Disney spokesman John Dreyer said the company did not comment on stockholder decisions to buy or sell stock, but pointed out that Miramax films had won 30 Academy Awards. ''The global audience enjoys and patronizes the Disney product,'' he said. ''The Disney company continues to produce more family entertainment than any other company in the world.''

Copyright 1998 Reuters Limited. All rights reserved. Republication and 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

Dorine
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