CPU---CompUSA to Spin Off Direct
Group, Reports Computer Retail
Week
MANHASSET, N.Y.--(BUSINESS WIRE)--Feb. 4, 1999--CMP Media's Computer Retail
Week reports that CompUSA Inc. (NYSE: CPU - news) confirmed it will separate its direct
businesses into a stand-alone company strongly rooted in the Internet.
CompUSA President and CEO Jim Halpin said the company will devote ''substantial
resources'' in people, infrastructure and marketing to the new operation, totaling between $2
million and $3 million a quarter, according to a story posted by the technology-retailing
newspaper today at www.crw.com.
Halpin told analysts that Internet sales grew more than 100 percent in January, but declined to
release a sales figure. He vowed to make CompUSA's site a considerably more popular
destination.
The CompUSA Direct division produced $83 million in sales during the latest quarter, a 48
percent increase over the previous year. Most of that was mail order, but, Halpin said, ''The
Internet is one of our fastest-growing businesses.''
CMP Media's Computer Retail Week is the leading newspaper for technology retailers. Each
week, it provides critical information about new solutions, technologies, alliances and products
for a wide audience of computer superstores, software retailers, mass merchants and other
channel members. Breaking news also is posted on its home page, crw.com. In
addition, its specialized online Webpaper, Computer Retail Web, covers the technology,
products and people driving Internet-based computer retailing at
computerretailweb.com.
CMP Media Inc. (Nasdaq: CMPX - news) is the leading high-tech media company providing
essential information and marketing services to the entire technology spectrum--the builders,
sellers and users of technology worldwide. With its portfolio of newspapers, magazines, custom
publishing, Internet products, research, consulting and conferences, CMP is uniquely positioned
to offer marketers comprehensive, integrated solutions tailored to meet their individual needs.
Online editions of the company's print publications, along with products and services created
exclusively for the Internet, can be found on CMPnet at cmpnet.com. NSTL, the
company's independent testing lab and consulting organization, serves government, corporate
and technology vendor clients around the world.
Contact:
Barry J. Zusman
516/562-7040
bzusman@cmp.com
or
Steve Rubel
516/562-7434
srubel@cmp.com
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