3rd Quarter Highlights:
*T
-- Record third quarter sales from ongoing operations of
$186 million -- up 51% from last year.
-- Diluted EPS $.04 -- $.11 excluding investment in
uBid.
-- PC/Wintel sales from ongoing operations rise 92% --
now 56% of sales.
-- Mac sales increase for the first time in 2 1/2 years -- up
31% from the previous quarter.
-- Average order size up 11% to $552.
-- uBid Online Auction generated $15.3 million revenue
for the
quarter -- up 127% from second quarter.
-- uBid website visits double -- approaching 2 million
visits per month.
-- Record Internet sales excluding uBid of $9.3 million
for the
quarter -- up 134% from last year. New innovative
websites.
*T
Creative Computers, Inc. ("Creative")
(Nasdaq:MALL.O) announced third quarter earnings of
$.04 per share ($.11 excluding the Company's investment
in uBid, its Online Auction subsidiary). Except where
noted otherwise, all sales increase comparisons are of
results from ongoing operations, which exclude sales of
the discontinued retail stores which were closed in the
first quarter of 1998. The Company achieved record
consolidated quarterly net sales of $186 million, 16%
better than the previous record in the fourth quarter of
1997 and 51% above last year's third quarter net sales of
$123 million. Excluding uBid, net sales were $170
million, a 39% increase over last year's third
quarter net sales. uBid revenues grew to $15.3 million
for the
quarter, achieving a 127% sequential growth rate and
637% over the first quarter.
uBid continued to experience impressive growth,
generating
revenues of $15.3 million for the quarter representing a
127% increase from the $6.8 million reported in the
second quarter. The Company doubled the number of
registered users to 120,000 from 60,000 last quarter.
Visits to uBid's website also doubled and exited the
quarter close to 2 million visits per month. uBid reported
a pretax loss of $1.1 million for the quarter, eflecting
investments in advertising and infrastructure, and
includes terest charges from the parent for use of capital. |
