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Downgraded Mouse shares slip again. (Business).(Disney stock drops)(Brief Article)(Statistical Data Included)

Daily Variety

| April 30, 2002 | DiOrio, Carl | COPYRIGHT 2002 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Disney shares suffered a second consecutive decline Monday in the wake of an investment downgrade and mixed press on recent financial results.

Mouse House shares closed down $1.08, or 4.5%, at $23.02. Stock, which set a 52-week high of $34.50 on May 22, has been stuck in the low to mid $20s since Jan. 1.

Unlike Friday's Mouse selloff -- triggered by a UBS Warburg downgrade of the stock to "hold" from "buy" -- it appeared the latest sesh's slide was tied to a broader media malaise on the Street.

MGM fell 5% Monday, Viacom's most widely tracked Class B shares tumbled 4.5% and AOL Time Warner dipped 3.6%. The blue chip Dow Jones Industrial Average ...

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