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Non-Tech : Outerwall (OUTR), formerly Coinstar (CSTR)
OUTR 52.000.0%Sep 28 5:00 PM EST
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To: Dave Jones who wrote (77)12/16/1997 9:53:00 AM
From: Gerald Thomas   of 351
 
* Coinstar Shrs Continue Falling, But Strong Pdt Demand Seen
128 Words
1371 Characters
12/15/97
16:21
Dow Jones News Service
(Copyright (c) 1997, Dow Jones & Company, Inc.)
* NEW YORK (Dow Jones)--Shares of Coinstar Inc. (CSTR) fell nearly 7%
Monday following a 5.3% drop Friday.
Shawn Milne, an analyst with Hambrecht & Quist Inc., said the company
continues to see strong consumer and retailer demand for its network of
self-service coin-counting machines.
Milne said he was unaware of any developments at the company that
triggered a stock drop.
Milne noted that because the stock is "not too liquid," it tends to
move quickly.
Other analysts and a company representative didn't immediately return
calls seeking comment.
* Coinstar shares were trading recently at 8 3/8, down 5/8, or 6.9%, on
Nasdaq volume of 146,000 shares, compared with average daily turnover of
36,100. Shares dropped to 7 5/8 earlier.
-Nancy Beiles; 201-938-5393
(END) DOW JONES NEWS 12-15-97
04:21 PM
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