Stefan:<<DELL sales growth slowed as per their last report. IBM, CPQ, HP, DELL now CompUSA are disappointing. Do you see a pattern here.>>
So, Stefan, I now see you have added CompUSA to your outlook on the "big picture" in technology. Wow, first 3COM and now CompUSA. You sure know how to pick lousy companies to try to prove your point.
In the meantime, in a story the same day as CompUSA's announcement, we have the following from Best Buy. If CompUSA wants to know where their customers went all they have to do is drive down the block to the nearest Best Buy store to find them. Funny that this does not seem to fit in to your "big picture" scenario. Jeff
Thursday March 4, 9:35 am Eastern Time
Best Buy Q4 same-store sales up 10.8 pct
MINNEAPOLIS, March 4 (Reuters) - Electronics specialty retailer Best Buy Co. said Thursday that sales at stores open at least one year rose 10.8 percent in the fourth quarter as consumer spending remained strong.
Total sales for the quarter were $3.456 billion, up from $2.852 billion a year ago, the company said.
The fourth quarter same-store sales increase compared with a 16.9 percent increase in the year-ago fourth quarter, the company said.
For all of fiscal 1999, which ended Feb. 27, same-store sales rose 13.5 percent, compared with a 2.0 percent rise the previous year, Best Buy said. Total fiscal 1999 sales were $10.08 billion, compared to $8.36 billion a year ago.
''Strong consumer spending combined with rapid acceptance of new technology products and a stellar performance by all of our employees drove us past $10 billion in sales,'' Richard Schulze, chairman and chief executive, said in a news release. |
