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Non-Tech : Staples (SPLS)

SPLS 10.25

0.0%

Sep 28 5:00 PM EST

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To: Eric Shih who wrote ()	5/16/2000 5:14:00 PM
From: Adelantado	Read Replies (1) of 184

Today's news from Business Wire: "Staples.com First Quarter Revenue Grows 545 Percent FRAMINGHAM, Mass., May 16, 2000 (BUSINESS WIRE) -- Delivers Sequential Quarterly Revenue Growth of 75 Percent Repeat Customer Purchases 57 Percent of Sales Staples.com, Staples Inc.'s (NASDAQ:SPLS) electronic marketplace that provides office supplies, services, content and community over the Internet, today announced revenues of $75.36 million for the first quarter 2000, which ended April 29, 2000, up 545 percent from the $11.69 million reported for the same period in the prior year and up 75 percent from the $43.07 million reported for the fourth quarter 1999. The business reported a net loss of 23.4 million." The business reported a net loss of $ 23.4 M??? No wonder the stock price is in the dumps.

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