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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 94.23-1.4%Dec 1 3:59 PM EST

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To: Dave B who wrote (47185)7/13/2000 3:16:57 PM
From: Don Green  Read Replies (2) of 93625
 
Early U.S. buyers may pay premium for PlayStation2
By Bloomberg News
July 13, 2000, 11:25 a.m. PT
DENVER--Sony's PlayStation2 video game console may cost some consumers more than expected when it's introduced in the United States on Oct. 26.

Denver-based KBkids.com, an online toy retailer controlled by Consolidated Stores, is selling the system for $330 for people who want to reserve a copy prior to release. That's 10 percent more than Sony's suggested price of $300.

Sony expects to ship 3 million units of the PlayStation2 in the United States by March 31. The device, which features advanced graphics and can play DVD movies, is the successor to the best-selling PlayStation, which has sold more than 70 million units.

"It's going to be a big product," said David Schick, an analyst with Robinson-Humphrey.

Highly awaited consumer electronics devices sometimes command premium prices as demand rises to a fever pitch, he said. Schick expects the average retail price to remain steady at $300 once the PlayStation2 becomes widely available.

KBkids.com and Sony executives weren't immediately available for comment.
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