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.

Non-Tech : MAT - Mattel - toysRthem -- Ignore unavailable to you. Want to Upgrade?

To: appro who wrote (278)	10/20/1999 8:59:00 AM
From: Neil H	Read Replies (1) \| Respond to of 706

Wednesday October 20, 4:08 am Eastern Time Bandai to start Mattel toy sales in Jan TOKYO, Oct 20 (Reuters) - Major Japanese toymaker Bandai Co Ltd said on Wednesday it would start selling products from the world's largest toymaker Mattel Inc (NYSE:MAT - news) in Japan on January 1, 2000, aiming for annual sales of 10 billion yen by 2002. Bandai said it signed an official agreement on Wednesday with Mattel on their alliance. On July 21, this year, Bandai and Mattel said they planned an alliance in marketing, sales and product development. Mattel will acquire 2.44 million Bandai new shares on October 26 for 3.66 billion yen as planned, giving it a five percent stake. Mattel would start sales of Bandai products in Latin America with annual sales target of five billion yen by the year 2002. Bandai and Mattel have yet to decide details of Bandai-developed products in the United States. Bandai shares closed at 2,525 yen on Wednesday, up 55 yen or 2.23 percent. Regards Neil