Thursday, June 26, 2008

Sobering Thought

Disney paid $500 million more for Pixar than General Motors is now worth ...

GM's shares have plummeted to less than $12, the lowest level since 1955.

That means the world's largest auto maker has a stock market value of only about $7 billion. That compares with a market cap of about $56 billion in 2000, when the stock was at its all-time high of $94.62 a share.

Disney's purchase price for the Emeryville 'Toon factory? $7.5 billion. The world turned upside down.

9 comments:

Anonymous said...

Worth every penny, and then some.

Anonymous said...

GM doesn't make cute robots, thus they are automatically worth less.

Racattack Force said...

Can't completely say I'm sorry for GM Motors, but Pixar, in my opinion, is worth a bit more.

Anonymous said...

Just saw Wall-e.

JEEZUS, what a MAGNIFICENT motion picture.

My jaw is just now coming up from the floor.

Anonymous said...

I like to call it 'Short Circuit 3'

Anonymous said...

What's a "Short Circuit 3?"

Anonymous said...

Short Circuit is WALLE's bigger older brother that was in theatres in the 80's.

http://www.cinemablend.com/images/news_img/4032/4032.jpg

Anonymous said...

Hmmm. Like a BILLIOn other people, I don't watch Ally Sheedy/Steve Gutenberg movies. That looks AWFUL.
And it looks like they ripped the design off of Popular Science magazines of the 50's.

Thank goodness "Wall-e" has personality, charm, WIT, and great storytelling. I doubt anyone will remember that crappy movie after this weekend.

Anonymous said...

Don't pay attention to him, he's just a bitter Dreamworks employee...

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