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To: The Phoenix who wrote (11534)1/12/1998 5:06:00 PM
From: Lucretius  Respond to of 77400
 
I just said, yes. I'M HOLDING. However, that is always subject to change. Same as if I was long. Good Luck to you.



To: The Phoenix who wrote (11534)1/12/1998 5:16:00 PM
From: LWolf  Respond to of 77400
 
Gary, >>In the last fiscal month, about 25 percent of our business in Europe came over the Internet," he said. "By the end of the fiscal year in July we should be at 50 percent."<<

This statement is reinforcing Chamber's comment last fall at Comdex regarding leveraing the internet to reduce costs. If sales are increasing, but it's growing without the cost of commissions (which eats up profits), margins will stay up. If the inventory build-up they were talking about earlier was in part to support this new selling paradigm, then they are just getting started with a whole new operational/selling cost structure. IMO they are ensuring that they are on the next wave to ensure long-term growth.

L. Wolf