"We will not dilute.'"

The article discusses on the possibility a major acquisition by Walt Disney Co. Propelling the stock was strength in nearly every aspect of Disney's business. Earnings for the first quarter of fiscal 1995 were announced on January 26, 1995: $482 million, 91 cents a share, far more than even Wall Street's most bullish predictions. The Street now thinks Disney will earn upwards of $2.50 a share, up another 20%. The rising value of Disney's equity presents Michael Eisner with an interesting problem. It increases the pressure on him to make a major acquisition, perhaps of a television network--National Broadcasting Co. Inc. and CBS Broadcasting Inc. are on the block. Eisner says he has kicked a few network tires; he took a dinner with General Electric's Jack Welch to talk NBC.