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Technology Stocks : Egghead Computer (EGGS)

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To: Thomas A Watson who wrote (8288)10/25/2000 1:08:52 PM
From: Thomas A Watson  Read Replies (1) of 8307
 
A full description of current Egghead 3rd quarter performance and the companies plans going forward.

EGGHEAD.COM'S THIRD QUARTER RESULTS SHOW DOUBLE-DIGIT
GROSS MARGINS AND
SOLID PROGRESS TOWARDS PROFITABILITY

Gross Margins Up 320 Basis Points, Net Loss Per Share Down 45%

egghead.com

HIGHLIGHTS

Gross margin rate increases 47% from 6.8% to 10.0%
Net loss per share down 45% from $0.44 to $0.24
Margin contribution per order up 39%
Cash position $3M greater than previous quarter end
Average Order Value (AOV) for sales to business customers $731

Tom watson tosiwmee
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