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Old 06-06-2007, 09:29 AM   #1
crazy4wdw
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Disney predicts strong quarter at theme parks

From the Orlando Sentinel:

Quote:
Disney predicts strong quarter at theme parks

Posted June 6, 2007

Walt Disney Co. predicts strong results from theme parks even as Disneyland in California faces difficult comparisons from 2006, its 50th anniversary year. "This quarter there are strong results across the board" at the parks, Tom Staggs, chief financial officer of the world's largest theme-park company, said Tuesday at an investor conference in New York. Theme-park profit rose 19 percent to $254 million last quarter on an 8.7 percent gain in sales to $2.45 billion, Disney said. Orlando's Walt Disney World set an attendance record for the 15-day Easter period.

Local

Autogrill pursues Alpha purchase

Autogrill, the Italian parent company of national airport food-court operator HMSHost, is moving forward with its purchase of Orlando's Alpha Airports Group. Alpha's board said this week that it's supporting the purchase and allowed Autogrill to acquire additional Alpha shares, bringing its total to about 43 percent of Alpha's issued capital, according to a statement Tuesday. Alpha has operated the duty-free contracts at Orlando International Airport in a joint venture with the Keys Group Co. since 1997. HMSHost operates the food court at OIA.

Nation

Electronic Arts forms new unit

Electronic Arts Inc., the world's largest video-game publisher, named Kathy Vrabeck president of a new unit to produce games for less-frequent players. EA Casual Entertainment will focus on simple, family friendly games for play on consoles, personal computers and mobile phones, the company said Tuesday. Vrabeck spent almost seven years at Activision Inc., the second-largest game developer, rising to head of publishing before leaving in April 2006. EA's Tiburon unit is based in Central Florida.

Avaya Inc. accepts buyout bid

Avaya Inc. agreed to be acquired by Silver Lake Partners and TPG Inc. for $8.2 billion in the largest leveraged buyout of a computer-networking company. The deal gives Silver Lake and TPG the world's biggest maker of corporate phone network equipment, helping them go head to head with Cisco Systems Inc. in the $5 billion market for Internet- based systems. Shares of Avaya rose 31 cents, or 1.9 percent, to $17.03 on the New York Stock Exchange.

Meyer signs contract with Universal

Ron Meyer has signed a new five-year contract to serve as president and chief operating officer of Universal Studios, keeping the executive at the helm until 2012, the company said Tuesday. Meyer has led NBC Universal's film studio, theme parks and TV production studio since 1995. He reports to NBC Universal President Jeff Zucker. NBC Universal is a unit of General Electric Co. Its theme parks include Universal Orlando.

Information from Bloomberg News and The Associated Press was used in this report. Beth Kassab of the Sentinel staff also contributed
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Old 06-06-2007, 03:14 PM   #2
paulh
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erm me thinks no free dinning 2008 then
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Old 06-06-2007, 10:30 PM   #3
mrsR123
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I predict the parks themselves will not see a dime of this supposed good quarter. Instead, the Cavemen series will get really nice craft services.
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