C-Cube Message Board - Msg: 4967872

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Technology Stocks : C-Cube

CUBE 36.64

-0.5%

Dec 5 9:30 AM EST

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To: DiViT who wrote (33966)	6/22/1998 7:11:00 PM
From: John Rieman	Read Replies (3) of 50808

Divx helps keep down earnings at CC.......................... 207.240.177.145 "Sales from our Circuit City store operations exceeded our expectations throughout the first quarter," said Richard Sharp, Circuit City's chief executive officer, in a prepared statement. "The strength was broad-based, covering personal computer, consumer electronics and major appliance categories," he said. The company began selling Divx discs and players last week in Richmond and San Francisco, Sharp added. Divx is a DVD "feature" that limits viewing hours of content on the discs. In a written statement, the company said its CarMax unit and its fledgling Divx effort offset strong sales in PCs and consumer electronics. According to the filing, $8.1 million of Circuit City's net income went to the Divx effort last quarter.

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