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Strategies & Market Trends : Buffettology

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To: James Clarke who wrote (1028)	2/3/1999 4:39:00 PM
From: jhg_in_kc	Read Replies (1) of 4691

Re: Mattell. Morgan stanley's "Queen of the Net" Mary Meeker Sez: Who will be the losers from the Internet's ascendancy? Meeker points to Mattel, which last week shocked Wall Street with a projection of weaker-than-expected profits and said it was buying the Learning Co., a software maker. "That's a big deal because the root of Mattel's problem is that kids are spending their time differently," Meeker says. To be more precise, kids are spending more time with computers and playing less with Barbie dolls and other toys. Mattel evidently believes the answer lies in the Learning Co., which makes popular educational software and computer games for kids. Meeker predicts that from now on, every few months another traditional company will announce pressure on sales or profits because of upstart competitors on the 'Net. from Barrons

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