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To: Glenn D. Rudolph who wrote (116848)	2/2/2001 1:27:32 PM
From: H James Morris	Respond to of 164687

Glenn, its nice to see Mattel turning it around...4th Qtr beat estimates, and their profits rose 20%. I wonder why? >Learning Co., acquired during the tenure of former Chief Executive Jill Barad as a way to extend the company's brands to video and computer games, was sold last fall to privately held Gores Technology in exchange for a portion of any of the division's future profits. Bought for $3.5 billion in 1999, the company began costing Mattel as much as $1 million a day. Those losses, other costly moves and a tough environment weighed down the company's actual full-year results. For the year, Mattel took restructuring and other charges of about $179 million before taxes. That figure includes a $53-million pretax charge for former executives' severance pay, the bulk of which went to Barad. Btw I hear Barad is working for Morgan Stanley too.;-)