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Non-Tech : Costco, slow but sure? -- Ignore unavailable to you. Want to Upgrade?

To: Mel Fox who wrote (993)	12/8/1999 11:45:00 PM
From: Mel Fox	Respond to of 1147

Guys: Here is a link to the last 10 trades ... it is from CNBC. Just type COST and hit enter! All of the last 10 trades took place after the close of the market and they are mostly very small trades: host.cnbc.com

To: Mel Fox who wrote (993)	12/9/1999 5:30:00 AM
From: JDN	Read Replies (1) \| Respond to of 1147

Dear Mel: Well, COST has decided to give us a VERY MERRY CHRISTMAS. Revenue increase for this qtr was great, I havent had time yet to compare it to what was expected but for me I find it outstanding. Especially the 13% revenue gain for same store sales. Dont see anyone else in this business comparable, do you. That explains the PE. As to the Christmas present--2:1 Split for shareholders of record 12/24/99 the FRIDAY before Christmas. Enough of my talk, here is the release without the tables. JDN Costco Wholesale Corporation Reports First Quarter Fiscal 2000 Operating Results and Announces Upcoming 2-For-1 Stock Split ISSAQUAH, Wash.--(BUSINESS WIRE)--Dec. 9, 1999--Costco Wholesale Corporation ("Costco" or the "Company") (Nasdaq:COST) announced today its operating results for the first quarter of fiscal 2000, the 12 weeks ended November 21, 1999. Sales for the first quarter of fiscal 2000 increased 16% to $6.82 billion from $5.89 billion during the first quarter of fiscal 1999. On a comparable warehouse basis, that is warehouses open at least a year, net sales increased by 13%. Net income for the first quarter of fiscal 2000 was $129.3 million, or $.56 per diluted share. Excluding the impact of a one-time accounting charge taken in last year's first quarter, net income for the first quarter of fiscal 1999 was $104.2 million, or $.46 per diluted share, resulting in year-over-year earnings and earnings per share increases of 24% and 22%, respectively. In last year's first quarter, the Company recorded a $118 million non-cash, after-tax charge, reflecting the cumulative effect of the Company's change in accounting for membership fees from a cash to a deferred method, whereby membership fee income is recognized ratably over the one-year life of the membership. Including this one-time charge, the Company last year reported a loss of $13.8 million or $.05 per diluted share for the first quarter of fiscal 1999. The Company also announced today that its Board of Directors approved a 2-for-1 split of its common stock. Shareholders will receive one additional share of common stock for every share held on the record date of December 24, 1999. Additional shares will be mailed or delivered on or about January 13, 2000, by the Company's transfer agent, ChaseMellon Shareholder Services. The common stock will begin trading at a post-split price on January 14, 2000. Costco currently operates 302 warehouses, including 230 in the United States, 59 in Canada, seven in the United Kingdom, three in Korea, two in Taiwan and a warehouse in Japan. The Company also operates 17 warehouses in Mexico with a joint venture partner. The Company plans to open an additional 15 to 20 new warehouses (including four to six relocations of existing warehouses to larger and better-located facilities) prior to the end of its fiscal year 2000 on September 3, 2000.