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Technology Stocks : Egghead Computer (EGGS)
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To: Urlman who wrote (920)7/11/1998 9:52:00 PM
From: TWICK  Read Replies (2) of 8307
 
Great article in today's IBD, page A32.

Forget Macro, Think Micro In New Era

A great article on economic forecasting and how the old models are failing thanks to Technology. The U.S. economy's new Era of growth is tech-driven. And we are only just beginning to feel the impact of the high-tech revolution. One example mentioned is EGGS:

In January, software retailer Egghead, Inc. closed its 80 stores, changed its name to Egghead.com Inc. and moved its whole operation to the Internet. In the process, the firm reduced its work force by 80%.

This transformation at Egghead is quintessentially New Era. With sales up and employment down, productivity is strong. This means higher profits for stockholders and lower prices for customers. What will happen to Computer City ?

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