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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (1082)	10/26/1999 12:44:00 PM
From: Mark Z	Respond to of 19219

Thanks for the clarification. The following is FYI... From Briefing.com: 11:59 ET ****** Pixar (PIXR) 43 1/4 +5 3/8: Looks like Chairman and CEO, Steve Jobs (yes that same interim Chairman at Apple), is getting good at keeping earnings expectations low, and then surprising analysts and investors with positive earnings surprises. After the close yesterday, Pixar blew out its number, posting Q3 net of $0.63 per share, well ahead of the First Call mean of $0.29, vs year-ago profit of $0.02. Revenues rose 2168% to $79.2 mln on the back of strong video sales of Toy Story and A Bug's Life. Recall that Jobs, in a conference call following the company's Q2 earnings report, said that video sales of "A Bug's Life" were unlikely to meet original expectations. Guess those expectations were pretty high, which one would expect from Jobs, as Pixar booked 12 million home video units in the quarter rather than the 8 million units that had been anticipated. The momentum behind this innovative film maker is going to continue to build, though, as Toy Story II is due to be released in theaters next month. In fact, the favorable response to Pixar's latest earnings report has also been driven by the company's bullish guidance this time around as it now expects to earn $0.85 per share in fiscal 1999-- nearly 20% above original estimates of $0.71. The news was met with instant approval as shares of PIXR traded as high as $47 in after hours trading, and while down about 8% from those levels, Pixar is up approximately 15% from its Nasdaq close, bringing its YTD return to 23.9%. Given that the company's earnings prospects are closely linked to the success of the films it makes (so far those films have been pretty good), this stock is better suited for the more risk tolerant investor, but given the success of the original Toy Story, and the marketing muscle provided by Disney, it appears to be a risk worth taking. -- PJO