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Technology Stocks : Pixar Animation -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (1898)	12/4/1998 3:25:00 PM
From: Jim Illo	Respond to of 3261

Adam, you're right about the timing of the new deal with Disney. Sorry for the mistake. I couldn't search news as far back as Q1 1997, but here's what I found in the news for the rise that I mistook for the one relating to the new 50/50 deal with Disney: February 1998 Even though Pixar, the Richmond, Calif.-based computer animation firm, on Thursday released modestly lower earnings versus the year-ago period, it's stock price -- which debuted in 1995 at $22 a share -- headed for the moon, hitting $35 a share on Friday. That's because the company not only reported a better-than-expected number, nine cents versus First Call's one cent per share estimate, but also announced that its sequel to "Toy Story" -- "Toy Story 2" -- will be shown at theaters around the world, instead of the original plan, which called for it to be released directly to video. Moreover, Pixar also said that it now has the capability to make a new movie every year -- instead of one movie every two years. Investors, analysts, and company executives cheered the news. Indeed, the company's prospects have probably never looked better.