Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (20462)	12/28/1998 11:57:00 AM
From: Andrew G.	Read Replies (1) of 120523

Great news for you on MLG, Jenna! Just hit wires: biz.yahoo.com Monday December 28, 11:12 am Eastern Time Company Press Release SOURCE: Musicland Stores Corporation Musicland Sells $5 Million of DVD in One Week; Hits $50 Million in DVD Sales YTD MINNEAPOLIS, Dec. 28 /PRNewswire/ -- Consumers clearly embraced digital video disc (DVD) technology this holiday period, according to sales results at Musicland Stores Corporation (NYSE: MLG - news). In the last seven days of the Christmas shopping period, sales surged with Musicland shoppers snapping up $5 million worth of DVD products. Musicland's DVD sales have now surpassed $50 million for the year. ''Our first 'million-dollar' week was in December 1997, and now 12 months later, sales hit $5 million in one week,'' said Peter Busch, vice president of video. ''The popularity of DVD with consumers has exploded since its introduction.''

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