Has the rolleroaster of news stopped or slowed?

[PeterAlt]

Uggggggggggghhhhhhhh

Has the rollercoaster of Disney news stopped? I seriously have been expecting a fast-pace turn of events, with Disney making deals left and right to strengthen the company, avoiding a take-over, and Eisner proving he is still a strong executive. But after the stockholder convention, which has Eisner still hanging on to his job, it seems like Eisner has become a lame-duck, doing absolutely nothing!

I was expecting some big merger announcements, such as a deal with Dreamworks. Such a deal would put creativity back into Disney and should shut Roy Disney up.

But it appears Eisner has chosen the do-nothing approach, which is just idiotic, in my opinion!

 

[Shaman]

Which leads one to wonder what the heck is going on?....I mean things could get ugly fast...so who knows what will happen in the days, months and years ahead....

 

[cloudboy]

I think the opposite is happening. Disney is trying to let things quiet down, so that they don't look desparate. There is also the novelty fator - now that it is old news the media doesn't cover it.

Patience - something will happen, I am sure. May be a while, but things like this rarely settle down for good.

 

[garyhoov]

The stocks been quietly falling back to the levels it was at before the Comcast offer. If it falls much more, I think something we'll see either a new offer from Comcast or an offer from someone else.

 

[cherrynegra]

I think there's a lot of damage control going on and I'm sure all parties are going over their game plans before heading out to the field for another tussle. I read somewhere that Pixar is giving Roy and company six weeks to make a move before they finally exit and start booking dates in the future with another studio. So as far as Pixar is concerned, it's do or die time.

 

[Pat X]

Well, Comcast's stock has fallen more as well...as of today, it is below 29! Before the merger offer, it was above 30, so they have been hammered.

 

[prberk]

Many analysts have said that Comcast will just not get the deal this time, and I think that may be true. (I hope it is, also.)

The stockholder meeting showed absolutely no signs that anyone was interested in Comcast's acquisition: just that there was a strong desire for Michael Eisner and some of the board to resign.

Even after the negative vote on Eisner, I have not heard much to say that shareholders want Comcast to take over. I think it is becoming obvious that shareholders are simply looking to send a message to management that they matter, not that they want to give up the ship.

So, in the end I see Comcast eventually going away and saving face with some talk about their offer "expering"; and I also see Eisner being given a short time, like the end of this year, before a replacement is either sought or announced (again, to accomplish the will of the shareholders while allowing management and the board to "save face" themselves)....

In the meantime, quarterly earnings will continue to look good and keep the vultures at bay.