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Strategies & Market Trends : MOVING NOW! -- Ignore unavailable to you. Want to Upgrade?

To: hotlinktuna who wrote (492)	10/12/2000 12:21:10 AM
From: tumble dry	Respond to of 8046

Not quite high tech, but could move tomorrow... SPLS Wednesday October 11 1:20 PM ET Staples Sees Strong Growth Ahead NEW YORK (Reuters) - Staples Inc. (NasdaqNM:SPLS - news) on Wednesday said it could achieve an earnings per share growth rate of 30 percent for fiscal 2001 despite recent worries that the company is losing its grip on the office products market. Staples, the No. 2 U.S. office products retailer next to Office Depot Inc. (NYSE:ODP - news), said that the level of earnings growth would come on the back of a 17 percent growth in revenues for the year. In its fiscal year 2000 ended Jan. 29, Staples posted a profit of 68 cents a share and garnered about $8.84 billion in sales. Staples president and chief operating officer Ron Sargent told a group of investors and analysts at the Robertson Stephens Consumer Conference here that the company is also expecting earnings per share growth in the high 20 percent range for 2002 and 2003 on 15 to 17 percent revenue growth.