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To: James Strauss who wrote (2839)	10/21/1998 3:00:00 PM
From: Harold	Respond to of 13094

Thank you Jim, I do appreciate and value your opinion. Harold

To: James Strauss who wrote (2839)	10/21/1998 4:36:00 PM
From: flickerful	Read Replies (2) \| Respond to of 13094

FOUR..... jim. would you have a look at FOUR? i have followed them for some time... fundamentals are compelling & TA may be interesting at this point. they are thinly traded, and any movement appears after 2pm if at all, as a rule, although last friday saw some nice volume. they will report earnings on a delayed basis ( within the next 30 days or so ) due to a recent acquisition. at your convenience, of course. bigcharts.com thanks, randy

To: James Strauss who wrote (2839)	10/21/1998 6:30:00 PM
From: flickerful	Respond to of 13094

FOUR.....continued. as an aside, earnings per share are expected to be .28 this year, .61 in 99. ( this figure predates the following news, alleged to be accretive to earnings.) book value is around 5.40, p/e around 15. press concerning the last acquisition. Bloomberg News September 21, 1998, 1:43 p.m. PT Four Media Buys MSCL for $68.6 Mln to Expand (Update1) (Adds analyst comment in fourth paragraph. Updates with closing share price in last paragraph.) Burbank, California, Sept. 21 (Bloomberg) - Four Media Co., a film and television post-production services company, said it bought closely held MSCL Inc. for about $68.6 million in cash, stock, and assumed debt to expand into the commercial editorial business. Burbank, California-based Four Media said it paid $66.1 million in cash and debt, plus 486,486 shares of Four Media stock for the Hollywood, California-based MSCL, which had unaudited revenue of $50.5 million for the year ended July 31. MSCL's Encore and FilmCore operating units provide editing and other production services for commercials and television shows such as ''Ally McBeal,'' ''X-Files,'' and ''NYPD Blue.'' This is the largest acquisition to date for Four Media, which had sales of $84.5 million in 1997. It said it will benefit from an increase in its market share in entertainment and commercial television services and the addition of an editorial services business geared toward television commercials. ''The key issue will be how management is able to integrate the acquisition and create cost savings,'' said Christopher Dixon, a PaineWebber Inc. analyst, who rates Four Media stock a ''buy'' for speculative investors. The company, which said the purchase will add to earnings, didn't disclose the amount of debt involved in the transaction. The MSCL purchase will add offices in Hollywood and San Francisco to Four Media, which now operates in Singapore and in Burbank, Santa Monica, and Universal City, California. Four Media shares fell 1/8 to 4 1/4. --Liz Enochs in the Princeton newsroom (609) 279-4065/vpw