Archive for February 6th, 2008

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Yum Brands (NYSE: YUM) has an exciting new plan to revive its sagging KFC chain: moving the emphasis away from fried chicken.

Now wait a minute you say: How can Kentucky FRIED CHICKEN possibly re-invent itself as what CEO hopes will be a “nonfried chicken platform.”

I doubt that it can, even though I understand the temptation. Fried chicken has become synonymous with poor health and KFC has tried to change that image by changing its name from Kentucky Fried Chicken to KFC.

Does Yum really think people are that stupid — or that KFC will be able to re-establish itself as something other than a fried chicken joint? What’s the point of even trying? That is KFC’s brand. If you want to make it into a non-fried chicken restaurant, why not just begin a new chain?

The fact is that KFC will in all probability sink or swim as a fried chicken restaurant — radical reinventions of brands that are synonymous with one product nearly never work.

Yum is trying to turn hula hoops into Furby’s.

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Clinton Weighs A Self-Loan To Finance Campaign - Atlantic Online

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Bosco’s cross-platform screen-sharing software Screen Share has just been updated to version 3. This new releases adds Universal Binary for Mac users, significant performance improvements for both Mac and Windows users, and improvements to web screen sharing.

Though you might cringe when putting the Bosco Screen Share icon in your dock, we think the payoff is worth it (besides, you can always keep it hidden in your Apps folder). Bosco’s Screen Share uses a proprietary p2p protocol, which allows the software to skip the often difficult client/server setup procedure. Simple setup, cross-platform; what’s not to love?

Bosco’s Screen Share supports screen-sharing in webcast mode (your screen broadcast to a number of people) and a one-to-one mode. The developers have put together some helpful tutorials on their web site if you get stuck.

Bosco’s Screen Share is a free download for Mac and Windows, though advertisements will be displayed in the program interface beginning this month.

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The home that Mouse built roared like the MGM lion.

Walt Disney Co. (NYSE: DIS) today reported better-than-expected fiscal first quarter results, helped by gains from its cable TV networks and theme parks. Shares, down nearly 15% over the past year, rose in after-hours trading.

Net income was $1.25 billion, or 63 cents a share, compared with $1.7 billion, or 79 cents, a year earlier, beating the 52-cent consensus forecast of Wall Street analysts. Sales rose 9.1% to $10.45 billion, surpassing Wall Street forecasts of $10.1 billion.

Particularly noteworthy was the performance of the company’s Parks and Resorts business. Revenue surged 11% to $2.8 billion while operating income jumped 25% to $505 million. Walt Disney World in Florida reported increased guest spending, attendance and hotel occupancy. Overseas visitors lured by the cheap dollar probably accounted for at least some of this performance.

Rising affiliate fees and advertising sales pushed up sales at Disney’s Media Networks business by 10% to $4.17 billion and operating income by 28% to $908 million. Consumer products, the smallest business, saw revenue rise 29% to $870 million and operating income by 38% to $322 million. The only laggard was Studio Entertainment which had flat revenue and saw operating income drop by 15% to $514 million because of a decline in DVD sales. These sorts of declines in the entertainment business are not unusual because of the literal hit or miss nature of the business.

Though Disney is far from recession-proof, it probably will weather any economic downturn better than its peers.

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