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To: Riskmgmt who wrote (29076)12/31/1997 5:58:00 PM
From: sea_biscuit  Respond to of 61433
 
How're y'all doin' fellas? So, some of you ended up with a MINUS 60% gain for the year, eh? :-)

Hopefully, at least some of those who lost money on this in 1997 have learnt that the three most important words in investing are "valuation, valuation and valuation".

For those who didn't... well, there is always 1998! Happy New Year!!!!

Dipy.



To: Riskmgmt who wrote (29076)1/1/1998 10:52:00 PM
From: Glenn D. Rudolph  Read Replies (2) | Respond to of 61433
 
This should help all tech stocks:

CompUSA's 2nd-Quarter Sales
Are Better than Anticipated

Associated Press

DALLAS -- CompUSA Inc. said Wednesday that it posted a 22% increase in
sales during its fiscal second quarter, with an 8.8% rise in sales at stores open
at least a year.

Goldman Sachs had been expecting the company to report a 21% rise in sales
for the quarter ended Dec. 27, with a 6% rise in same-store sales. The
company's total sales for the quarter rose to $1.46 billion, from $1.20 billion
last year, the computer retailer said.

For the first six months of the year, sales at stores open at least a year, which
are also known as same-store sales, rose 7.6%. Total sales rose 21% to $2.65
billion from $2.19 billion a year ago.

CompUSA, based in Dallas, has 148 computer superstores across the nation.

Tuesday, Wall Street's anticipation that the company would post strong
second-quarter sales helped boost the stock 12.6%. On Wednesday, the shares
rose 5%, or $1.375, to close at $31 on the New York Stock Exchange.


Glenn