The Countertop Chronicles

"Run by a gun zealot who's too blinded by the NRA" - Sam Penney of

Monday, April 12, 2004

Passionate About His Displacement

Is Michael Eisner through??
Some analysts said the box office defeat of "Alamo," which depicts the battle at the San Antonio outpost in 1836, might pave the way for high-level management changes and maybe even for Comcast Corp. (CMCSA.O: Quote, Profile, Research) to take over Disney.

"Depending on the size of the write-off and the pressure it places on earnings, the board could consider changes to management and the board itself, or invite Comcast in for productive two-way negotiations," said Richard Greenfield, an analyst at Fulcrum Global Partners.

. . . .

Some analysts predict Disney (DIS.N: Quote, Profile, Research) will take a write-off of at least 1 cent per share for the second quarter ended in March -- a bad sign for Eisner, who is fighting of a shareholder revolt.

Disney's studio division has led the company in recent quarters but has had tepid showings with animated Western comedy "Home on the Range" and horse adventure "Hidalgo," two films which cost almost as much as "Alamo."

"You put that with all the other things going on, it's got to be putting pressure on Eisner and the board to do something," said independent analyst Dennis McAlpine.

Here's to wishful thinking.


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