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Non-Tech : Valley Media (VMIX) IPO
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To: Wil Faller who wrote (137)5/20/1999 5:57:00 PM
From: Paul Hackett  Read Replies (1) of 298
 
Wil, I agree with you 100% or should I say 503%.

This stock is a great bargain that probably won't stay in the 20s-30s for more than a week. This is the safest answer to Internet investors who currently are holding stocks which are competing amongst the extremely competitive major e-commerce retailers.

VMIX has done an excellent job of positioning itself. While the Street still has the ".coms" valued extremely high, it has forgotten about the primary music and video distributor for all these e-commerce look-alikes.

VMIX has truly distinguished itself as a unique e-commerce related company, and I would not be surprised if it (along with other e-commerce distributors) are not sought-out by institutions in the very near future as a refuge from the risk of the "Look-alike.coms".

Also, let's not forget their other divisions - Full-line Traditional and Independent Distribution Group. Growth in these areas also beat the industry rate and provides VMIX shareholders with increased security in the unforeseeable event of an e-commerce slowdown.

Sales for New Media, which supports Internet retailers, saw a 503.0% increase from $30.3 million to $182.7 million.

My comments:
** And net sales for the quarter ending 4/3/99 also increased over the previous X-mas quarter, although the X-mas '98 quarter was great for all e-commerce retailers esp. Amazon.com and CDNow (N2K), and nobody was expected to maintain that sequential growth rate.**

All in all - really outstanding news for Valley Media.
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