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Non-Tech : Racing Champions (RACN) -- Ignore unavailable to you. Want to Upgrade?

To: kendall harmon who wrote (64)	6/24/1999 8:19:00 AM
From: JakeStraw	Respond to of 100

Ummm...that's for the qtr. ended 3/31...

To: kendall harmon who wrote (64)	6/24/1999 12:18:00 PM
From: JakeStraw	Read Replies (1) \| Respond to of 100

Big holder urges Racing Champions consider sale NEW YORK, June 24 (Reuters) - Private investment firm Tower Hill Holdings Inc., which owns nearly five percent of Racing Champions Corp. (Nasdaq:RACN - news), said Thursday it wants Racing Champions to hire an investment bank and consider selling the company. Tower Hill's move comes a day after Racing Champions, a maker of motor racing collectibles, said it expects to post a second-quarter loss. Racing Champions shares were up 5/16 to 7 on Thursday morning on Nasdaq, off a 52-week high of 18-1/4, and just above a low of 6-1/2. Shares fell 60 percent on Wednesday. ''We are disappointed with the action in the stock and think that management should take some action to reverse it,'' said Sean Daly, a spokesman for Tower Hill. He said Tower Hill wants Racing Champions to find an investment banker to explore strategic alternatives including a Dutch auction or finding a single buyer for the company. Officials at Racing Champions were not immediately available to comment.