Date: 4th October 2000

Eisner Forecasts "Solid" Quarter

Disney chairman Michael Eisner has told a Goldman, Sachs conference in New York that he expects the company to report a "solid" fourth quarter for the fiscal period ended Sept. 30.

Nevertheless, he remarked, "our strong performance in 2000 was the equivalent of a race car accelerating nicely but on only half its cylinders." He said that the company is aiming to increase profits by cost-cutting in its movie division, boost sales in its Disney Stores, and wring profitability out of its Internet sites.

Source: Studio Briefing