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Non-Tech : Bill Wexler's Dog Pound
REFR 1.590-0.6%10:24 AM EST
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To: Bill Wexler who wrote (720)4/14/1999 6:04:00 PM
From: BelowTheCrowd  Read Replies (1) of 10293
 
Bill,

I saw that on their website.

Here's what he left in order to take his previous job:

quote.yahoo.com

Of course, the term "left" is somewhat misleading. If I recall correctly, a lot of people "left" Westwood One shortly after Mel Karmizan/Infinity took them over.

Iwerks was one of those great "concept" stocks. When I was in biz school at UCLA everybody loved them, wanted to do internships, field studies, whatever. They were going to completely revolutionize movies by providing an "interactive environment" for the viewers using the latest "multimedia" technologies.

In the end, all they produced was some of those "simulator" rides you see some places. Haven't made much money off it.

My own field study was at one of the Vegas casinos. We looked at that stuff and evaluated what it was good for. The conclusion was that you'd never make much money operating one of them, that at best it was a draw for the casino (and not necessarily a very good one -- attracted too many kids, families, and others who didn't gamble much).

They promoted the stock big-time and did a very good job of convincing a lot of soon-to-be MBAs that they were the future. I can see how the architect of that strategy would fit well with VLNC.

mg
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