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Non-Tech : Planet Hollywood (PHL)

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To: Jimbo Cobb who wrote (190)	6/27/1999 8:46:00 PM
From: Steven Messina,L.M.T.	Read Replies (1) of 192

.20 here we come.....whew..glad I didnt buy this one at .62 Saturday June 26 2:57 AM ET Planet Hollywood President/COO Resigns ORLANDO, Fla. (Reuters) - Struggling theme restaurant operator Planet Hollywood International Inc. (NYSE:PHL - news) said Friday President and Chief Operating Officer William Baumhauer resigned after just one year with the company. The company, in a one-paragraph statement, said Baumhauer is leaving to pursue other interests. He will also resign his seat on the company's board of directors. A company spokesman said no decision had been made yet on whether to seek a replacement for Baumhauer. Planet Hollywood, whose owners include film stars and a movie producer, said earlier this year it would focus on its Planet Hollywood brand and would unload its All-Star Cafe line and scrap plans for hotels and other ventures. The company last month reported a first quarter loss of $34.7 million, or 32 cents per share, on sales of $75 million, compared with a loss of $4.35 million, or 4 cents per share, on $96.5 million in sales a year ago. Planet Hollywood's stock closed Friday at its 52-week low of 62.5 cents on the New York Stock Exchange, unchanged from the previous day. The company traded as high as $8 in the past year. --------------------------------------------------------------------------------

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