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 : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: nnillionaire who wrote (43453)	12/31/1997 9:26:00 AM
From: Boplicity	Respond to of 186894

COMPUSA INC. (CPU) 29 5/8 CLOSED. After this issue rose $3 5/16 yesterday on the anticipation that this computer superstore would post strong 2Q sales, the company did not disappoint as same-stores sales for the latest period rose 8.8%. The computer superstore also reported that 2Q net sales rose 22%, to $1.46 billion from $1.20 billion in the year-ago period. For the most part, the Street had been expecting same-store sales to increase by 6%, while net sales were projected to rise by about 21%. Thus, the better-than-expected gains posted by this major computer retailer, should bode well for its stock and PC maker stocks after recent fears that demand was slowing had taken the edge off many of these issues. The company said that it had reached a milestone in the 1997 calendar year as sales rose over the $5 billion mark for the first time. According to CEO James Halpin, net sales for the first half of the current fiscal year increased 21% over year-ago level, while comparable-store sales rose 7.6% during this period as well. Overall, a very robust report was issued by the company that should counter fears that demand for computer products have eased. Despite yesterday's gain, the stock is still trading 22% below the high reached on December 1 when the stock traded at $38 a share. Since then, however, fears that the Christmas season would not be kind to this retailer sent the stock below the $25 mark before rebounding in the past week. Today could be another winning session for this computer retailer. From Briefing.com