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Non-Tech : BBY -Best Buy -- Ignore unavailable to you. Want to Upgrade?


To: Richard Tsang who wrote (791)6/16/1999 2:10:00 AM
From: Tae Spam Kim  Respond to of 980
 
Best Buy Rocks On
Best Buy announced first quarter earnings tripled this year, beating the most optmistic projections. The company is benefiting from the shift to digital video products such as DVDs and satellite TV systems.

Best Buy Co. said Tuesday that fiscal first-quarter net income tripled, surpassing already inflated expectations, riding the tide of surging demand for digital satellite-television systems, wireless phones, videodisk players and camcorders. The electronics retailer said it earned $47.3 million, or 22 cents a diluted share, compared with year-ago net of $15.7 million, or eight cents a diluted share. The results for the quarter ended May 29 topped analysts' estimates by two cents a share. - Dow Jones



To: Richard Tsang who wrote (791)6/17/1999 12:05:00 PM
From: Sam Citron  Read Replies (1) | Respond to of 980
 
Richard & Sherry,

So far the success factors you have indicated are:

(1) Non-pressuring sales staff
(2) Aggressiveness
(3) Andersen Consulting's initiatives

I wonder if you might be able to elaborate on some of these success factors and perhaps contrast them with the situation at CompUSA, where things have been going decidedly less well recently.

Sam



To: Richard Tsang who wrote (791)6/17/1999 5:36:00 PM
From: Sam Citron  Read Replies (1) | Respond to of 980
 
When did the Andersen engagement commence? Was it 1996 or 1997?