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Technology Stocks : Pixar Animation

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To: Linda Kaplan who wrote (1805)	11/24/1998 3:09:00 PM
From: gizelle otero	Read Replies (2) of 3261

I called Prudential analyst this afternoon. Here's what he told me: 1. The downgrade was based on three factors; valuation, target price, and perceived weakness in "A Bug's Life" because of competition from "Antz", "Rugrats", and "Babe". The #1 reason for the downgrade was TARGET PRICE. 2. He admitted that Pru's calls on Pixar have been "less than stellar" in the past, and attributed that to market volatility and "irrational enthusiasm" in the market. 3. Prudential is maintaining it's stance on Pixar LONGER TERM, and believes Pixar is a fine company, humma humma..... Basically a kiss-off for Pixar on the retail side. But I also called a few buddies on the institutional side who are ready to step in "big time" when and if this weekend turns out good. These professionals love to see downgrades which scare individual investors out of a good stock. Remember, Jobs owns 75% and Disney could pick up the rest in an instant. My take is that you would be a fool to sell Pixar right before their second blockbuster hit. Amen!

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