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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: stan s. who wrote (65766)	10/14/1999 3:11:00 PM
From: bobby is sleepless in seattle	Read Replies (1) \| Respond to of 90042

Stan...10,200 here for hold...let's see what the numbers say tomorrow and tuesday of next week as this seems to be the direction the market relies seemingly on any economic news for trading. the next major number will be holding 10,000 from a psychological standpoint, IMO.. Earnings, as beautiful as they may be, we are watching major selling into strength, or the buyers are just not convinced to commit at current levels...more and more ta's are suggesting we go lower...perhaps this is the sign of the reversal! this whipsaw action is something else. anyway , major cash position. btw, thanks for your input as i find myself relying more and more on leading indicators... any thoughts about HAS??? Hasbro Earnings Up About 40 Percent By GILLIAN FLYNN Associated Press Writer PROVIDENCE, R.I. (AP) - Hasbro Inc (NYSE:HAS - news).'s third-quarter earnings climbed about 40 percent from a year ago, driven by demand for its Furby dolls, computer games and toys tied to ''Star Wars'' and Pokemon. The nation's second-largest toymaker earned $85 million, or 43 cents a share, in the quarter ended Sept. 26, compared with $61 million, or 30 cents a share, a year ago. The 1998 results included a $13.6 million charge tied to its purchase of MicroProse Inc. Sales grew to $1.09 billion from $945.5 million for the same period a year ago. Hasbro's earnings matched Wall Street analysts' expectations. Its stock, however, fell $1.683/4, or 8 percent, to $19.25 in midday on the New York Stock Exchange amid concerns that its earnings' growth will slow in the coming months. It's been a strong year for Hasbro, thanks to the popularity of many of its products. While sales at Hasbro have soared, its rival - No. 1 toymaker Mattel - has disappointed Wall Street with weak sales and earnings. Furby, which was the blockbuster hit of last Christmas, continues to sell well, and the line of talking, furry dolls was extended during the third quarter to include Furby Babies. Sales of its toys tied to ''Star Wars Episode I: The Phantom Menace'' have also been strong and it has seen double-digit sales growth in its Hasbro Interactive division, which makes computer games. Also lifting earnings are its toys based on the popular Japanese cartoon Pokemon, including plush dolls and games. Hasbro will significantly expand its Pokemon line during the fourth quarter, including a new Pokemon Monopoly game and a Pokemon electronic organizer. Hasbro also plans more growth in the Pokemon category thanks to its $325 million purchase last month of Wizards of the Coast, which sells Pokemon cards as well as the popular games, Magic: The Gathering and Dungeons & Dragons. For the first nine months of the year, Hasbro earned $131.3 million, or 64 cents a share, compared with $88.2 million, or 36 cents a share. Sales were $2.6 billion, up from $2 billion. Hasbro, which is based in Pawtucket, R.I., makes toys under the Playskool, Kenner, Tonka, Milton Bradley, Parker Brothers, Tiger and Galoob toy and game brands. Info on 50,000+ Companies! Related Quotes HAS DJIA NASDAQ S&P 500 ^IIX ^PSE 19 1/2 10296.11 2799.04 1284.09 333.56 624.14 -1 7/16 +63.95 -2.23 -1.46 +0.96 -0.50