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

To: Dorine Essey who wrote (613)	6/9/1998 8:23:00 PM
From: MoneyPenny	Read Replies (1) \| Respond to of 2222

interesting but potentially stock jarring article in TIME magazine that arrived today. It focused on the number of top execs leaving recently and Eisner's lack of successor and the trail of departed would-be candidates like Katzenberg, Ovitz, etc. plus the recent departure of the children's programming whiz (woman who left to start her own venture)Article makes points for difficulty of working with Eisner the micromanager vs. Disney having a great stable of management talent. Dorine: About that cash position. Bio says mostly cash not all cash and this is because I recently bailed out of two large sectors for me: oil service and most technology. I personally think stuff is going down big this summer or maybe fall on Asia. All the earnings preannouncements are making the markets jittery as well, I'm a big chicken. DIS is a new position for me as well as more consumer oriented stocks. If this happens, I have money to dive in and pick up some bargains. If I'm wrong, I still have money to pick up sectors as they tank periodically. You can always count on tech stocks for this. Are you getting any rain on East side of Florida. Southwest Fl. had it's first rain in 12 wks. yesterday. Sharon