Company Profile: The Walt Disney Corporation

The Walt Disney Corporation is a worldwide multi-varied entertainment company which is a household name to millions of children and adults alike. Their address is 500 South Buena Vista Street, Burbank, CA 91521. Their phone number is 914-253-2000 and their fax number is 818-560-1930. Their stock symbol is DIS and they are listed on the NYSE. the company URL is http://disney.go.com. Their last employee count was 120,000. Business Summary: The Walt Disney Company and its subsidiaries, is a widely diversified worldwide entertainment company. Their business activities can be found in five different business segments consisting of:

Media Networks; Studio Entertainment--produces live-action and animated motion pictures, television animation programs, musical recordings and live stage plays. Parks & Resorts; Consumer Products-- responsible for licensing the Company's characters and other intellectual property for use in connection with merchandise, book publications, magazine publications, and other publications as well as the Internet Group (formerly known as GO.com).

Disney products can be found in locations ranging from retail stores to fast food franchises and clothing distributors.

Financial Summary:

The Walt Disney Company is a gigantic worldwide entertainment company with products ranging from consumer durables to theme parks and full length animated videos and feature films.

Their five operating segments are: Media Networks Consumer Products Studio Entertainment Theme Parks and Resorts Internet and Direct Marketing.

For the nine months ended 6/30/01, revenues rose 1% to $19.46 billion. Net income before acct. change fell 91% to $67 million. These results are a reflection of increased higher domestic home video and theme park revenues, offset by increased restructuring and impairment charges.

Officers of the company: …M.D. Eisner, Chairman and CEO …R.E. Disney, Vice Chairman …R.A. Iger, President and COO …T.O. Staggs, Executive VP and Counsel …L.M. Meisinger, Executive VP and Counsel

Recent Events: Sep 18 Price hit new 52-week low ($17.75). Disney joins nationwide relief efforts in wake of the terrorists attacks.

Upcoming Events: None to report. Company Statistics: The following company statistics are good as of the 22nd day of September, 2001. Note: Abbreviations are M=million, B=billion, ttm=twelve trailing months, mrq=most recent quarter, EBITDA=Earnings Before Interest Taxes Depreciation Amortization.

Price and Volume of Shares: …52 week low on 18 Sept 2001 of $17.75 …52 week high on 10 Oct 2000 of $41.938 …daily volume on 3 months basis was 5.93M …daily volume on 10 day basis was 11.4M

Stock Performance: DIS’s stock performance showed a 52-week change of -52.0%.

Share Related Information: DIS shows a market capitalization of $38.5B with 2.09B shares outstanding and a 1.88B share float.

Dividends and Splits: …annual dividend is $0.21 (indicated) …dividend yield is 1.14% …last split was a 3 for 1 on 10 July 1998 Stock per Share Data: …book value is $11.35 mrq …earnings is $0.20 ttm …earnings is $0.19 mrq …sales were $12.16 ttm …cash was $1.18 mrq

Valuation Ratios: …Price/Book equals 1.62 mrq …Price/Earnings equals 92.93 ttm …Price/Sales equals 1.51 ttm

Income Statement Information: …sales were $25.6B ttm …EBITDA was $3.10B ttm

Profitability: …profit margin was 1.3% …operating margin was 8.4%

Fiscal Year Information: …the fiscal year for DIS ends 30 September …mrq for the report was 30 June 2001 Financial Strength: …current ratio 1.58 …debt to equity ratio is 0.47 mrq …total cash is $2.45M mrq

Short Information: …shares short is 52.4M …percent of the float is 2.8% …shares short in prior month was 54.3M …the short ratio is 8.34 …daily volume is 6.28M

News: Some of the news of interest to DIS as of 22 September 2001 is as follows: …Bass family members in Fort Worth sell $2B of Disney stock (Multex Investor) …Disney stocks take a hit (Multex Investor) …Analyst CFSB downgrades DIS to hold (19 Sept 2001) …First Union Securities downgrades DIS to hold (17 Sept 2001)

…Coverage initiated on Pepsico by ABN AMRO …Quaker-Pepsico deal causing antitrust concerns …FTC expresses concern over Pepsi-Quaker deal …Pepsico says no indication that FTC will be a problem