To: Bleeker who wrote (1084 ) 7/3/1998 5:01:00 AM From: Tumbleweed Read Replies (1) | Respond to of 1773
Just a few thoughts on your message Bleeker The movie will be released in late 1999, so I doubt it will have a big effect on earnings in the near future. I'll report my channel checks on the 3 EB stores in Manhattan over the weekend. Does anyone have an idea of how FFVII and the other games are selling in North America? I agree it wont have an effect on earnings until later, but as the Hollywood publicity machine starts to churn, it may help more with publicity and maybe indirectly with TR3 sales. Plus there is an obvious tie-in between the movie and a subsequent TR release. I called I/B/E/S and had them correct EIDSY's P/E and earnings estimate. They originally had a P/E of 110 and wrong earnings information. The data was being fed to Bloomberg terminals too. Anyway, they corrected the error and the P/E filed on I/B/E/S and Bloomberg are now 12.5 and the 12-month earnings is accurate. Just a thought, is there any chance that in the short term, some sifting programs are going to see these sudden changes as either good or bad news? For example, if a companies PE 'plunges' from 25 to 12.5 overnight, is that good or bad? A similar error existed with Quotecom, suppliers of real time & historic information to Reuters. Until today Reuters terminals had no earnings information on EIDOS and the P/E was listed as 25. The changes should be made tomorrow to read the accurate P/E of around 12.5 and the earnings fields should be full. It would probably be a good idea if Yahoo Finance is alerted on the inaccurate P/E that is currently being displayed there. Does anyone have an e-mail for them? I'm not sure but I think Yahoo Finance gets its information from Quotecom as do a number of other internet sources and wire services. I have tried getting Yahoo to correct incorrect stories before, and they just put the blame back on the provider of the info, they were absolutely unwilling to change the info at all. Regards Joe C