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Pixar faces SEC inquiry

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Misc

Steve Jobs' Pixar Animation Studios said today it has received an ``informal request for information'' from the U.S. Securities and Exchange Commission.

The Wall Street Journal reported today that the request deals with higher than expected returns of the DVD ``The Incredibles,'' which caused the company to miss its earnings projections for the second-quarter.

A rival animation studio, DreamWorks Animation SKG, faces a government inquiry over its projections of sales for the ``Shrek 2'' DVD.

More here.

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