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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Dirk Dawson who wrote (8048)1/28/1998 11:24:00 PM
From: soup  Read Replies (1) | Respond to of 213173
 
CompUSA Profits Up 44 Percent In Latest Quarter.

>DALLAS, Jan 28 (Reuters) - Computer retailer CompUSA Inc. on Wednesday reported record results for its latest quarter as both sales and profits surged for the operator of computer superstores.

It said net income jumped 44 percent in the fiscal 1998 second quarter, ended Dec. 27, 1997, to $34.1 million, or 36 cents per diluted share. That compared with profits of $23.7 million, or 25 cents per share, in the year-ago period.

Sales increased 22 percent, to $1.46 billion from the comparable quarter.

The Dallas-based retailer said same-store sales were up 8.8 percent in the latest quarter for the 122 stores open one year or more.

The company currently operates 148 CompUSA Computer Superstores in 67 major metropolitan markets across the United States. They include technical service departments and classroom training facilities.

Despite the strong results, CompUSA's stock slipped 31 cents to $31.50 in midday trading on the New York Stock Exchange.<

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AAPL has stated that 12% of CompUSA's hardware revenues now come from Mac -- up from low single digits.

From weak hands passing to strong.

soup



To: Dirk Dawson who wrote (8048)1/29/1998 12:02:00 AM
From: Mark Palmberg  Read Replies (2) | Respond to of 213173
 
>>What does this mean to AAPL?!

>End of another lame reseller.

Amen to that, Brother Dirk. The only things I EVER buy from Best Buy are CD's. In my town, Best Buy is always full of people eager to waste money on third-rate electronics (and dorks like me buying the aforementioned CD's).

Anyone want to bet a virtual beer on another profitable quarter?

I Want To Believe.

Mark

avalon.net
(Mac Resources page under construction; I'm loaning my machine out to a friend right now)