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DALLAS, Jan 29 (Reuter) - CompUSA Inc Chief
Executive Officer Jim Halpin said 1997 retail sales were "off
to a good start" in January, fuelled by strong demand for Intel
Corp's new multimedia MMX chip, but he cautioned that
the strong comparison with January 1996 sales may be
misleading.
"It appears consumers are already adopting the MMX
processor and so far the response has exceeded our
expectations," Halpin said on a conference call.
He said Microsoft Corp's new Office 97 software,
which was also introduced in January, is selling "very well."
"When we look at our results so far we ought to be mindful
of the fact that last January was impacted by a number of
winter storms and that new product transitions took place in
February last year versus January this year," Halpin said.
CompUSA earlier reported net income of $23.7 million, or
$0.25 per share, in its second fiscal quarter ending Dec. 28,
up from $18.7 million, or $0.20 per share, in the second
quarter of fiscal year 1996.
The earnings were in line with industry analysts' lowered
expectations. |
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