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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: jccodez who wrote (10911)	1/13/1999 2:33:00 PM
From: Joe Copia	Respond to of 25711

An old pick of mine is rumored that Disney will buy it. GBFE - from Bloomberg: Disney Could Buy Golden Books, Parts of Livent, CEO Eisner Says <Picture> Disney Could Buy Golden Books, Parts of Livent, CEO Eisner Says New York, Jan. 13 (Bloomberg) -- Walt Disney Co. could buy Golden Books Family Entertainment Inc., the No. 1 U.S. children's publisher, and parts of troubled theater company Livent Inc., Disney Chairman and Chief Executive Michael Eisner said. The world's No. 2 entertainment company has ''had talks'' with Golden Books and it's possible it could make a bid to buy the publisher of children's titles such as ''Pat the Bunny'' and ''The Poky Little Puppy,'' said Eisner, who didn't elaborate on the nature of the discussions or likelihood of an agreement. Disney isn't interested in acquiring Livent as a whole, Eisner said last night while attending a New York event to unveil Go Network, the company's Internet venture with Infoseek Corp. Still, it's ''possible'' Disney could acquire some of Livent's assets, Eisner said without elaborating. Toronto-based Livent produced Broadway shows such as ''Ragtime'' and ''Show Boat.'' It owns theaters in Canada, New York and Chicago. Livent has been in Chapter 11 bankruptcy protection for about two months as it tries to recover from accounting irregularities that the company blames on co-founders Garth Drabinsky and Myron Gottlieb. Drabinsky and Gottlieb were indicted today by a U.S. federal grand jury and charged separately with securities-law violations in cases alleging they mounted an eight-year scheme to inflate the company's financial condition. Former Disney president Michael Ovitz owns about 12 percent of Livent. In August, New York-based Golden Books said it had hired investment bank Allen & Co. to explore options, including a possible sale. Livent and Golden Books weren't immediately available to comment. Disney, based in Burbank, California, fell 1 1/8 to 36 7/8 in early afternoon trading. Golden Books rose 1/32 to 11/32. <Picture: My Discount Broker> <Picture: Scottsdale Securities> Access More Information and Services Above ------------------------------------------------------------------------ © Copyright 1998, Bloomberg L.P. All Rights Reserved

To: jccodez who wrote (10911)	1/19/1999 10:45:00 AM
From: Silly Rabbit	Read Replies (1) \| Respond to of 25711

Imaging Technologies e commerce division to be unveiled ITEC - (trades regular Nasdaq not a BB company) presents a classic turnaround story with all the right ingredients and an "INTERNET TWIST". Shares came down from a 52 week high of around $5 to a low of $0.25 due to major Asian problems and year-end selling. dealseekers.com is the site Based on the turnaround this should be a $5 stock in the near term and with the company's new INTERNET DIVISION, who knows where the top is. Can anyone say e commerce. Stock is starting to trade up on increasing volume. It seems this the begining of the ride. The Company should conservatively exceed $45 million in sales next year. There are only 13 million shares out and 5.5 million in the float. Trading at about 30% of sales whereas their competitors of their core business trade at 1.1 to as high as 3.3x sales. (PRLS) (SPLH) (XION) From an e commerce standpoint this could trade easily at 20-30x sales of $10 - $12 million which puts it at $18 1/2 a share.