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To: Peter V who wrote (27262)12/30/1997 1:29:00 PM
From: CPAMarty  Read Replies (1) | Respond to of 50808
 
Musicland's DVD Sales Exceeded $1 Million Last Week
Monday December 22 11:29am

zdii.com

MINNEAPOLIS, Dec. 22 /PRNewswire/ -- Musicland Stores Corporation (NYSE: MLG) said today that it did more than $1 million in sales last week in the new video configuration, Digital Video Disc (DVD). It was the first time sales hit that level since the new technology was introduced nationally in August.

"Our customers, who often are early adapters, have already purchased DVD hardware and are buying multiple DVD movies," said Peter Busch, Musicland's vice president of video. "As we anticipated, this trend is moving quickly into the mainstream of movie buyers."

DVD is the newest innovation in prerecorded video technology. It gives viewers a sharper picture than VHS and theater-quality sound. "Consumer purchases have proved that DVD's trend line is strong and expanding," said Busch.

Musicland's DVD movie library has grown from approximately 50 titles on the product's launch date to over 400 different titles, and that selection grows daily as more major studios embrace the technology.

Based in Minneapolis, Musicland Stores Corporation is the leading specialty retailer of prerecorded home-entertainment products in the United States. As of September 30, 1997, the company operated 1,372 retail stores in 49 states, the United Kingdom, Puerto Rico and the Virgin Islands under the names Media Play, On Cue, Suncoast Motion Picture Company and Sam Goody/Musicland.

Source:Musicland Stores Corporation Contact:Marcia Appel, 612-931-8742, mappel@musicland.com or Brant Skogrand, 612-931-8325, bskogrand@musicland.com, both of Musicland

Source: PR Newswire



To: Peter V who wrote (27262)12/30/1997 1:29:00 PM
From: Rutgers  Respond to of 50808
 
I second the nomination for a cease and desist order of the endless and ad nauseum posts (the same dribble with very little spin to them) by a certain flock of shorts

I, too, believe that the tax selling is a major culprit for the recent slide and it WILL stop tomorrow. At that point, the CFO's comments about meeting estimates when combined with the January effect should attract new investors and easily move this puppy higher.



To: Peter V who wrote (27262)12/30/1997 1:36:00 PM
From: Rarebird  Respond to of 50808
 
Peter, peoples personalities and charachter determine their investment decisions. Thus, it is relevant insofar as sentiment is a major factor ( which most people on this thread don't realize) in determining an investment decision. As for Andy Chen, he was an extremely RELIGIOUS Totalitarian Individual who was kicked off SI for Valid Reasons. Do You wish to defend him? Most of The participants on this thread was sympathetic to his stance. What he received from me he DESERVED!