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4 in Cleveland ; St Prompting the change: The fact that so many impressive people older than previously allowed had to be turned away, said Fox programming chief Gail Berman C The minimum is 16 5, will be held in Washington, D The hit series returns in January ; Orlando, Fla Louis; New Orleans; Las Vegas; Anchorage; and San Francisco "I'm sure there are people who are tremendously talented above that but we're talking about people who hope to have pop careers afterward," Berman told the Television Critics Association Age Limit Raised for 'American Idol' Jul 16, 10:49 PM EST The age limit for "American Idol" contenders has been raised, but not by much Despite viewer complaints that congested telephone lines made it difficult for them to vote in the competition, no changes are planned, Berman said Two years has been added to the maximum age for the talent competition, which had been 26, Fox TV said Thursday It allows for the most participation that we could figure out how to do in a household," Berman said "The phone system is probably the most sophisticated phone system ever put together in the country Limiting homes to one call each would prevent individual family members from backing their favorite, she added Auditions for the fourth season begin Aug Other tryouts, which will continue through Oct Past winners include Kelly Clarkson, Ruben Studdard and Fantasia Barrino The results, released Wednesday, represent a step backward for LeapFrog, a company that had been steadily growing since its 1995 inception "They have lost a lot of credibility," said Pacific Growth Equities' Natalie Walrond Responding to the backlash, LeapFrog CEO Thomas Kalinske contends the company is a victim of Wall Street's misconceptions, and remains as popular as ever with customers com< /p> and video game maker Sega of America, is supposed to be part of the solution Wood, a lawyer who developed the LeapPad to help his own young son learn how to read, took over as CEO in early 2002 LeapFrog brought him back for a second stint as CEO in February, replacing company founder Michael Wood, who now focuses on product development as chief creative officer "We will have another great year this year," Kalinske said There are things we can improve upon and we will do that Like video game makers, LeapFrog sells a wide range of interchangeable book cartridges, containing everything from Dr " â€â€?â€â€?â€â€? On The Net: www The recent bankruptcies of two big customers, KB Toys and the parent of FAO Schwarz, have further complicated matters for LeapFrog; the company says the cutbacks at KB and FAO cost LeapFrog about 10 percent of its first-quarter sales has gone from an industry leader to a Wall Street loser Seuss tales to Mozart melodies that work in the consoles 95 by fall Since 1999, LeapFrog has sold more than 23 million units of its high-tech books and related products LeapFrog initially thrived under Wood's leadership Kalinske hopes the lower prices will result in more households buying LeapPad hardware, and in turn, more sales of book titles "We are gaining market share and we are having a really big impact on children 95 to $34 The projected results would be an improvement from last year, when the company made $73 million on sales of $680 million, but are a drop from LeapFrog's predictions in February " LeapPad is designed to make learning fun by using interactive technology to teach phonics, math and music Kalinske, 59, first became LeapFrog's CEO in 1997, shortly after Oracle Corp By the end of last year, it passed Mattel's Fisher-Price division to rank as the nation's leading seller of preschool toys with a 27 percent market share, according to the NPD group, a market research group " Kalinske, a former CEO at Mattel Inc The company's troubles prompted Bear, Stearns & Co The bungling raised doubts that became more acute last month when LeapFrog warned that its first-quarter results would be much worse than management previously projected Back then, LeapFrog forecast its 2004 profit might be as high as $95 million on revenue of $850 million The company has also developed interactive toys for children in elementary school and middle school Overcoming a gloomy investment climate, LeapFrog went public in July 2002 at $13 per share, and the company's shares rocketed, along with its sales "Having said that, any company that has grown like we have is going to make mistakes along the way LeapFrog lost $969,000 on sales of $77 million at the same time last year leapfrog A startling first-quarter sales decline has investors and analysts worrying that management has lost its handle on the company " So have many investors â€â€? LeapFrog's stock has lost half its value since peaking at $47 She is among several industry analysts who have soured on the Emeryville-based maker of LeapPad, a top-selling line of electronic books that help children learn to read "People need to look at the big picture," he said LeapFrog expects to finish this year with a profit between $74 million and $81 million, with revenue of $770 million to $800 million Toy Maker LeapFrog Falls on Hard Times Apr 22, 2:29 PM EST In six months, educational toy maker LeapFrog Enterprises Inc 8 million on sales of $72 million in the three months ended in March analyst Jennifer Childe to send a note of exasperation to investors last month: "We are throwing in the towel on shares of LeapFrog Kalinske brushes off the first-quarter setback as a hiccup that the company will overcome during the second half, the period when toy makers generally make all their money 30 in late October The cuts are expected to lower the retail prices of the affected products from about $39 's Larry Ellison and former junk bond financier Michael Milken made major investments in the company "Right now, it's only the investors that don't love us LeapFrog lost $11 Children use a small console and an electronic wand to touch words, letters and symbols so they can listen to stories, problems and tunes In one of his first significant moves, Kalinske is lowering the prices of the company's older LeapPad products The first serious signs of trouble emerged nearly six months ago when management blamed a disappointing third-quarter performance on shipping problems "Moms love our products and preschool teachers love our products," Kalinske said during a recent interview Ellison and Milken remain LeapFrog's largest shareholders But Kalinski is confident |
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