Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Walt Disney -- Ignore unavailable to you. Want to Upgrade?

To: Raptech who wrote (1809)	8/4/1999 7:37:00 PM
From: Captain Jack	Respond to of 2222

Rap--- I'll not avg down on this one but on any rise will avg out. They have a huge potential just have no idea what to do with it.

To: Raptech who wrote (1809)	8/9/1999 5:30:00 PM
From: Captain Jack	Read Replies (2) \| Respond to of 2222

Rap-- 5 days and no interest here,,, just like in the mkt,, no one wants DIs. Looks like they may do something right here soon... LOS ANGELES, Aug. 9 (UPI) _ The Los Angeles Times quotes baseball sources as saying that after owning the team for only three seasons, the Disney Co. is considering selling the Anaheim Angels. That Disney officials would consider a sale may be a sign that the team's problems go beyond griping and finger-pointing which have dominated the three seasons. The newspaper quoted an unnamed 'baseball source' as saying, 'I think there are some thoughts that they would like to sell. But I'm also not sure that they are not changing their mind day-to-day. 'I think they are in the internal debate stage and haven't gone so far as to listen to offers or talk to potential buyers. I think it is a situation that should be watched closely.' Angel President Tony Tavares declined to be interviewed by the paper. Other Angel officials say it was the first they had heard about a possible sale. Disney bought 25 percent and controlling interest in the Angels from Gene Autry in 1996, with the option to buy the team outright after Autry's death. Disney paid 'significantly more' than the $120 million price originally agreed upon, according to a baseball source at the time. The Angels attendance increased dramatically last season to 2.5 million, the highest since 1990. Attendance has leveled off this season, but will probably top two million again. But the team has been a money loser in the 1990s, dropping more than $12 million in 1995, the last year Autry controlled the team. The payroll has increased to nearly $60 million. Disney would be walking away from a significant investment in Edison Field, not to mention risking the good will among Anaheim residents _ $30 million of the costs were supplied by the city and another $70 million was supplied by Disney. The Angels are 46-64 and last in the American League West. They suffered a 9-3 loss to the Boston Red Sox on Sunday in front of 31,664 fans at Edison Field. _-