Valley Media (VMIX) IPO Message Board

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Non-Tech : Valley Media (VMIX) IPO

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To: Tae Spam Kim who wrote (178)	6/1/1999 1:26:00 PM
From: Tae Spam Kim	Read Replies (1) of 298

Here are my VMIX CNBC interview notes.. Thought the interview was good, Robert Cain, the CEO got his points across. He wasn't the much dynamic guy on TV. :) Valley Media (VMIX) -largest wholesale distributor of music and video products (CDs, Videogames, DVDs, VHS movies) - from what I read before they have 70% marketshare in the internet space -2 years ago, online sales were 5% of their revenue. Last quarter it was 30%. Internet sales grew over 500%. -6500 retail customers, including Sears, Toys R Us, Best Buy.. online including Amazon.com, CDNow, Reel.com -Q4 earnings $1.2 million, up 79.4% -signed on with Amazon.com to be their primary supplier of video/music till March 3, 2001

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