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To: E. Graphs who wrote (18892)	6/16/1999 8:35:00 AM
From: Moonray	Read Replies (1) of 25814

Tomestone!: Circuit City posts loss after dropping DIVX Reuters - 06/16/99, 8:00AM NEW YORK, June 16 (Reuters) - U.S. electronics retailer Circuit City Stores Inc. <CC.N> said on Wednesday that it posted a first quarter loss of $88.8 million after a charge from its decision to discontinue its unprofitable DIVX standard DVD player. Circuit City Group, the publicly traded electronics division, topped analysts' forecasts of 25 cents a share with profits of $39.3 million or 41 cents a share on a 15 percent increase in sales to $2.20 billion. After the $130.2 million or $1.28 a share charge from DIVX, the Richmond, Va.-based company reported a loss of $88.8 million or 87 cents a diluted share. MORE Rtr 07:59 06-16-99 Sniff, please don't cry.<g> o~~~ O

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