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Technology Stocks : Egghead Computer (EGGS)

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To: Norm Tock who wrote (4517)12/13/1998 11:09:00 PM
From: Steve Research  Read Replies (1) of 8307
 
Some AMAZING software trends from a recent Piper Jaffray report:

-The current installed base in North America, Europe, and the UK of:
Playsation: 32 million units
Nintendo 64: 15 million units

-Domestic unit sales of PSX and N64, quarter ending september were up 84% as compared to the same quarter in 1997

-Video games rank #1 as americas favorite entertainment activity according to the Digital Software Association

-The entertainment software retail market (PC and Console) will grow to $9+ billion in 1998, $11+ billion in 1999 and near $12 billion in 2000

The cycle for the PSX and Nintendo 64 is stronger than ever, very impressive data in my opinion. EGGS stock should move up just on industry growth trends alone-- Throw in the fact that PC sales are through the roof and most PC's can run high end games easily and EGGS is back to $40.00 a share.

ALSO FACTOR IN INTERNET GROWTH AND WE ARE ON THE GROUND FLOOR OF A SERIOUS COMPANY WITH REAL REVENUES!
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