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To: Bill Harmond who wrote (76784)	9/7/1999 12:16:00 AM
From: Glenn D. Rudolph	Respond to of 164684

No. You've fallen off the wagon, Glenn. Every time this stock goes up you hate it. It's personal. Admit it! Please!!! William, It is not personal. I will dig it up and post it from the 10Q. Glenn

To: Bill Harmond who wrote (76784)	9/7/1999 12:25:00 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

From the 10Q: "As of June 30, 1999, the Company's principal commitments consisted of obligations outstanding under its Convertible Notes (including interest payments) and Senior Discount Notes, obligations in connection with the acquisition of fixed assets and leases, and commitments for advertising and promotional arrangements. Expansion of the Company's distribution center network has and will require it to continue to commit to lease obligations, stock inventories, purchase fixed assets and install leasehold improvements. As of June 30, 1999, a majority of the planned fixed asset and inventory expenditures relating to the completion of the newly identified distribution centers had yet to be incurred. Failure to achieve favorable financing for asset acquisitions could negatively impact the Company's cash flows. In addition, the Company plans to continue to increase its merchandise inventory in order to provide broader product offerings and better availability to customers and to support the recently introduced toys and electronic product lines. Geographic expansion and continued acquisitions and investments will also require future capital expenditures. The Company believes that current cash and marketable securities balances will be sufficient to meet its anticipated cash needs for at least the next 12 months. However, any projections of future cash needs and cash 16 <PAGE> 17 flows are subject to substantial uncertainty. If current cash, marketable securities and cash that may be generated from operations are insufficient to satisfy the Company's liquidity requirements, the Company may seek to sell additional equity or debt securities or to obtain a line of credit. On May 19, 1999, the Company filed a universal shelf registration statement on Form S-3 with the SEC which will permit the Company, from time to time, to offer and sell various types of securities, up to a total value of $2 billion. The registration statement was declared effective by the SEC on June 11, 1999. The sale of additional equity or convertible debt securities could result in additional dilution to the Company's stockholders. In addition, the company will, from time to time, consider the acquisition of or investment in complementary businesses, products, services and technologies, and the repurchase and retirement of debt, which might impact the Company's liquidity requirements or cause the Company to issue additional equity or debt securities. There can be no assurance that financing will be available in amounts or on terms acceptable to the Company, if at all. "