Hollywood Entertainment(HLYW): When will it break 17? Message Board

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Non-Tech : Hollywood Entertainment(HLYW): When will it break 17?

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To: lin huan chen who wrote (199)	2/26/1999 1:41:00 PM
From: keta	of 212

Friday February 26, 1:08 pm Eastern Time Hollywood Entertainment names new CFO PORTLAND, Ore., Feb 26 (Reuters) - Video rental store chain Hollywood Entertainment Corp. said Friday it named David Martin as chief financial officer to replace Jeffrey Jordan, who was appointed president of its new Internet subsidiary. The subsidiary, Internet Hollywood Inc., is being formed to expand the company's online business, such as online movie store Reel.com, acquired in October. Jordan was named president of the unit. Martin was formerly a managing director for NationsBanc Montgomery Securities LLC., a vice president at Nomura Securities Co. LTD, and an investment banker with Salomon Brothers Inc., the company said. Hollywood Entertainment said it is now looking at financing alternatives to develop or acquire other Internet entertainment businesses. The company is set to report earnings for fiscal 1999 on Tuesday, March 2. Shares of Hollywood were up 1/8 to 28-1/8 in Friday morning trade, up from a 52-week low of 8-3/4 but off a high of 34-11/16.

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