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Non-Tech : Valley Media (VMIX) IPO

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To: Paul Hackett who wrote (147)5/21/1999 7:27:00 AM
From: Phantom Dialer   of 298
 
Hey everyone!

I just got the chance to listen to the conference call and it was GREAT! All the analysts were patting management on the back and totally surprpised about the phenomenal growth....This company is probably going to have over $1B in sales THIS year!

Earnings as you know came in at 21 cents a share, EASILY beating the .18 cents a share target by Robbie S. After the market close Robbie issued a research report and REITERATED their buy rating on Valley Media.

Valley Media said they expect their margins to go up, and DVD is really starting to pick up for them and take off. Management knows they are "the leader" but throughout the call you could tell that they are not going to give anyone a chance to get close to them and going for the jugular. Market share continues to grow, margins are even improving.

Roberston put out a 12 month price target of $40 and said that they could eventually trade up towards $50. I dont have the entire report in front of me right now, but everything in the report was "glowing".

Amazon's and everyone else sales are increasing SO rapidly that when people figure out what VMIX is and does...well suffice to say, we're going higher...

Great News Gang.
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