Egghead Message Board - Msg: 2372983

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Technology Stocks : Egghead

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To: Judy Cohen who wrote (13)	10/7/1997 12:35:00 AM
From: Rex Takasugi	of 14

Arcadia Reinitiates Egghead Inc. With Buy Rating Dow Jones Newswires -- October 6, 1997 NEW YORK (Dow Jones)--Arcadia Investment Corp. reinitiated coverage of Egghead Inc. (EGGS) with a buy rating. A source at the firm said it had dropped coverage of Egghead Inc. about a year and a half ago because Arcadia wasn't pleased with the direction the company was taking. At the time, Arcadia had a neutral rating on Egghead Inc. The source said Arcadia picked up coverage again because of new developments at Egghead Inc., notably, its new management team and its focus on Internet commerce and on off-price branded PC equipment reselling. In a research note, Arcadia said it estimates Egghead Inc. will post losses of 58 cents a share in fiscal 1998 and 27 cents a share in fiscal 1999 and will earn 41 cents a share in fiscal 2000. Egghead Inc.'s fiscal year ends in March. Arcadia set a share price target of 15 to 20. Egghead Inc. shares were recently trading at 10 5/16, down 1/16, or 0.6%.

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