Electronics Boutique (ELBO) Message Board

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Technology Stocks : Electronics Boutique (ELBO)

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To: Victor Lazlo who wrote (138)	12/13/1998 11:14:00 PM
From: Steve Research	Read Replies (2) of 779

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. Put the industry growth trends together with the solid balance sheet of ELBO and with INTERNET GROWTH and this stock is really in an excellent position to trade with a PE multiple of 40x like every other specialty retailer I've seen! OR A multiple of 200x so it trades in line with other INTERNET retailers. BUT AT 15x earnings this stock is an ABSOLUTE BARGAIN!

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