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Technology Stocks : John, Mike & Tom's Wild World of Stocks

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To: Jorj X Mckie who wrote (69)12/2/1999 2:56:00 PM
From: wlheatmoon  Read Replies (1) of 2850
 
another company worth keeping. DISH

post stolen from DISH thread.

Strong Sales
From Best Buy press Release

The Key here is STRONG SALES of SATELLITE SYSTEMS Go DISH

''Comparable store sales growth for the quarter was driven by digital products, including satellite
systems,

biz.yahoo.com
Snip<
According to Allen Lenzmeier, chief financial officer, sales for the third fiscal quarter were a record
$3.110 billion, a 25% increase compared to the $2.494 billion reported in the third quarter last year.
For the nine-month period, sales were a record $8.184 billion, a 24% increase compared to the $6.620
billion for the same period in the previous year. Comparable store sales increased 9.2% for the third
quarter on top of the 12.2% increase reported in the third quarter last year. For the nine-month
period, comparable store sales increased 11.1% on top of the 14.9% increase last year.
''Comparable store sales growth for the quarter was driven by digital products, including satellite
systems, DVD hardware, cellular phones, cameras and camcorders. In addition, increased sales of
entertainment software including video games, music and DVD movies contributed to our strong
sales gains,'' Lenzmeier said. ''We are well positioned for the holidays. Our optimism for this
important retail selling season was reinforced by consumer response to our Thanksgiving weekend
offers.'' >Snip
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