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Technology Stocks : Walt Disney -- Ignore unavailable to you. Want to Upgrade?

To: Artslaw who wrote (2059)	8/3/2001 2:12:19 PM
From: Artslaw	Respond to of 2222

Disney's earnings were good--two cents above estimates. The growth was almost entirely from cost-cutting, which is entirely unsustainable. I did not see any analysts make this conclusion, however. Instead, they commented only that the cuts were responsible for the outperformance. I'm tired of this Mickey Mouse accounting. :-) Actually, they did well, and I'm happy the stock did not rally more. It's stuck around 27 now, so we will see what happens over the next few days. I'd like to cover at 25.25, but am tired of watching this slow moving stock. Regards, Steve