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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: changedmyname who wrote (47417)12/7/1999 1:44:00 PM
From: Anthony@Pacific  Read Replies (3) | Respond to of 122087
 
KIDE gets a tiny percentge of sales on Pokeman hype,,they are way over valued in respect to their sales ..If you use retail valuation...in KIDE,, you wuld come up with about 8 bucks....The PE is way too high and the product is all but a fad now..Kids move on...itt was nice ..now its over..



To: changedmyname who wrote (47417)12/7/1999 1:52:00 PM
From: Anthony@Pacific  Respond to of 122087
 
Growth is very much limited by the mastering license agreemment....KIDE is toast!! juts read the filings.....

COMMITMENTS AND CONTINGENCIES
The master toy licensee ("Licensee") for Nintendo's Pokemon property and
Nintendo of America Inc. ("Nintendo") have entered into an agreement (the
"Agreement") modifying certain terms of their Merchandise License Agreement,
dated as of May 14, 1998. Leisure Concepts, Incorporated, a wholly owned
subsidiary of the Company, is Nintendo's exclusive Merchandising Licensing Agent
for Pokemon outside of Asia.
Under the Agreement, the parties have agreed among other things that Licensee
will pay a revised minimum guaranteed royalty for the period starting January 1,
2000 and ending December 31, 2001. This revised minimum guaranteed royalty is
subject to reduction if certain conditions are not met. Because of the
conditions and contingencies contained in the Agreement, the Company will only
recognize revenue from the Agreement as royalties are earned and reported by
Licensee to the Company over the two year term beginning January 1, 2000.
Royalties reported by Licensee for the 1999 calendar year are unaffected by the
revised terms. Licensee will report all such royalties under the Agreement. If
all of the conditions under the Agreement are met and the full amount of the
minimum guaranteed royalty is paid by Licensee, the Company's share would be
approximately $30,000,000, which would be paid in two advances, one-half of
which would be received on or before April 1, 2000 and one-half of which would
be received on or before April 1, 2001.