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

To: Francois H. Gaston who wrote (2029)	12/21/1998 4:12:00 PM
From: Wowzer	Respond to of 3261

Here is a little good news and the close was strong for whatever that is worth.... Rory By David B. Wilkerson, CBS MarketWatch Last Update: 11:49 AM ET Dec 21, 1998 RICHMOND, Calif. (CBS.MW) -- Pixar and Disney's "A Bug's Life" seems to have passed a key test over the just-ended weekend, holding its own against Dreamworks' "Prince of Egypt." BancBoston Robertson Stephens analyst Keith Benjamin said earlier this month that an important benchmark for the digitally animated feature would come during the weekend of Dec. 18, when "Prince of Egypt," an animated variation of "The Ten Commandments," opened nationwide. "A Bug's Life" raked in $9.5 million during the three-day period, good for a third-place finish behind Warner Bros. "You've Got Mail" ($18.7 million) and "Prince," which was second at $14.3 million. "That's a great showing," Benjamin told CBS.MarketWatch.com Monday. "This is at or ahead of my expectations." Pixar shares (PIXR) rose 1/8 to 36 3/4. But Benjamin cautioned that the next several days, including the Christmas weekend, is another important period for "Bug's." That's "when we have all the kids out of school," the analyst said, "and you'd typically expect to see the results rise over the next week or two." Disney's "Mighty Joe Young" will be the newest entry on the kiddie market next weekend, while Paramount's animated "The Rugrats Movie" continues its successful run. Benjamin said Pixar stock won't really start to recover until its next quarterly report is issued early next year. And of course, that report won't reflect the total value of "Bug's," which still has to do overseas business and appear on home video before the most substantial profits can be realized. Pixar gets 50 percent of the film's take.

To: Francois H. Gaston who wrote (2029)	12/21/1998 4:31:00 PM
From: Adam Nash	Read Replies (1) \| Respond to of 3261

Well, you can get to $4/share, but that is over a period of five years. The years when Pixar will really be making money are 2000-1, because by then they'll be receiving profits from ABL, TSII, and Y2K movies all at the same time. There will likely be a dip in 2002 (no new movie in 2001). The real issue is how residual is the movie money? Does it last 5 years? 10 years? 20 years? After all Disney is still making money of Snow White, will Pixar still be making money off Toy Story in 30 years? - Adam