Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: Charles Tutt who wrote (34926)	11/29/1999 12:56:00 PM
From: taxman	Respond to of 74651

PCs have been moving off the shelves--that's what's important. when i want politics, i watch cspan. regards Best Buy Inc. (BBY) 62 7/8 +5: Shares of specialty retailer of electronic and computer goods are enjoying a very positive day after slumping during the last month following the release of mixed fiscal Q2 results. However, a strong and positive start in the critically important shopping season are propelling the shares of Best Buy as investors are closely monitoring the early Christmas sales returns. Apparently, shoppers have been lining up to purchase electronic wares at this leading electronic retailer as digital wireless phones, digital cameras, DVD players and PCs have been moving off the shelves. And Best Buy is not only riding the traditional seasonal interest in brick-and-mortar stores, but Best Buy is also being viewed as a potential e-tailer not too far in the future as the company is expected to expand its product offering on the Net to compliment its in-store offerings. Already this morning the company has implemented software at in-store kiosks that allows customers to configure the purchase of their computers. While this may not sound too revolutionary, any step the company makes towards making it easier for customers to customize their purchases will be viewed as a positive by investors. Shares of Best Buy had recently come under pressure due to concerns over the rising trend in rates, difficult comparison periods, and lack of a real Net presence during the holiday season. However, as highlighted in a recent Stock Brief, Best Buy continues to perform well despite its limited Net exposure and is bound to impress with record sales and earning results this Christmas as early results suggests that Best Buy is not being hampered by its lack of online exposure . And next year could bring even more surprises when the company starts to exploit the Net with its expanded product offerings. Hence, the stock is still viewed favorably by Briefing.com, although it has risen significantly from the mid-$50s level that made this issue that much more attractive. RN Copyright ¸ 1999 Briefing.com, Inc.