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Technology Stocks : Pixar Animation

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To: Elmer who wrote (2256)	4/14/1999 2:46:00 PM
From: Linda Kaplan	Read Replies (1) of 3261

Headline: RESEARCH ALERT - Pixar (NASDAQ:PIXR) raised to strong buy ====================================================================== LOS ANGELES, April 14 (Reuters) - Seidler Cos Inc. analyst Jeff Logsdon raised his rating on computer animation film company Pixar Inc to strong buy from buy on Wednesday based on the upcoming video release of "A Bug's Life," among reasons. -- said "Bug's Life" home video, set for release April 20, could ship between 20 million and 30 million units worldwide at average gross wholesale prices around $12 to $13 per unit. -- sees profit of $10 per tape split evenly between Pixar and "Bug's Life" partner, the Walt Disney Co. (NYSE:DIS). -- said pre-tax earnings for Pixar could be $70 million to $95 million in 9- to 12-months on the "Bug's Life" video. -- noted new movie "Toy Story 2," sequel to popular "Toy Story" opens November 24, this year. -- targets stock at $60 a share in year 2000. -- Pixar stock was up 15/16 at 36-5/8 by mid-afternoon. Copyright 1999, Reuters News Service

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