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Non-Tech : Valley Media (VMIX) IPO
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To: T.K. Horeis who wrote (286)11/4/1999 4:13:00 PM
From: Glenn Petersen  Read Replies (1) of 298
 
From the press release: "Full-line Distribution sales decreased 11.8% from $150.1 million to $132.4 million..."

Two quarters of disappointing sales from full-line distribution. It would seem that the market has decided that VMIX is not an Internet company but just another distributor that happens to have some Internet customers. In many ways it is a zero sum game for VMIX. To the extent that its online customers prosper, its traditional customers suffer.

Long and sad...and probably looking for an exit.
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