siliconinvestor.com
RESEARCH ALERT-Merrill raises Office Depot to buy
NEW YORK, Feb 11 (Reuters) - Merrill Lynch said Friday it is raising its rating on Office Depot Inc. (NYSE: ODP) to near-term/long-term buy from accumulate.
-- No further information was immediately available.
-- Office supply retailer Office Depot posted fourth-quarter earnings of $0.24 a share, surpassing Wall Street estimates.
-- Shares of Office Depot were off 5/16 to 13-3/4 in Friday morning trading on the New York Stock Exchange.
siliconinvestor.com
Office Depot Partners With Microsoft@ to Launch Windows@ 2000
Retailer to Promote Microsoft's Next Generation Windows@ Product
<<<DELRAY BEACH, Fla.--(BUSINESS WIRE)--Feb. 11, 2000--Office Depot, Inc. (NYSE: ODP), the world's largest seller of office products, today announced that it will partner with Microsoft@ to launch its next generation of Windows@, Microsoft@ Windows@ 2000 Professional, in all of its 857 stores in the United States and Canada starting February 17, 2000.
This new operating system builds on the reliability and security of Windows NT@, and will provide Office Depot's customers with an excellent business solution. Office Depot will be initiating a national advertising campaign in combination with special store fixturing to promote the launch in its stores in the United States and Canada.
Steve Embree, Executive Vice President of Merchandising, commented,"The Microsoft@ Windows@ 2000 Professional operating system, has been designed with the needs of the business person in mind. By partnering together for this launch, Microsoft and Office Depot will be able to offer this reliable operating system for business desktops and laptops to our business customers through all of our 857 storefronts."
Mr. Embree continued, "Because this operating system will require more memory than its predecessor, Office Depot will be offering savings on memory to those customers who purchase the Windows@ 2000 upgrade during the launch period. We will also be offering the Compaq Prosignia small business computer systems pre-loaded with Windows@ 2000 through our Configure to Order kiosk. We are very pleased to offer our customers this more reliable, business focused system as a business solution, addressing their growing office needs.">>>.... |
