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To: John Rieman who wrote (32096)4/10/1998 7:12:00 PM
From: Don Dorsey  Read Replies (2) | Respond to of 50808
 
Best Buy's DVD Marketshare Reaches 35% Best Buy Hits First $1 Million
Post-Holiday Week for DVD Movies

PR Newswire - April 10, 1998 15:32

BBY %REA V%PRN P%PRN

Jump to first matched term
MINNEAPOLIS, April 10 /PRNewswire/ -- Best Buy (NYSE: BBY) marked its
first post-holiday $1 million week in Digital Versatile Disc (DVD) movie sales
and captured 35% of the DVD movie marketshare this past week, according to
VideoScan. Consumer acceptance of DVD continues to exceed expectations as DVD
movie sales reach record levels.

"Best Buy's one million dollar week was driven by our expanded and
enhanced retail presentation and consumers' continued acceptance of this new
product," said Best Buy Merchandise Manager Joe Pagano. "DVD is where
entertainment meets technology. Our dominance in software and hardware sales
means consumers are looking to Best Buy first for this exciting new product."
At an average sale price of over $22 per DVD movie, the $1,000,000 week
equals 45,000 DVD movies. Best Buy continues to add DVD movie titles, with
more than 600 DVD movies currently available. This summer, Best Buy will again
expand its DVD movie area in preparation for the anticipated ramping up of
major studio new releases. It is predicted that more than 1,500 DVD movie
titles will be available by the end of calendar 1998.
In March 1997, Best Buy launched DVD in 74 of its stores with five
hardware models and a modest assortment of 23 movie titles from Warner Home
Video. Two months after the launch, Best Buy rolled the hardware to all its
retail locations nationwide. Today box office movies, such as Air Force One,
are released simultaneously in DVD and VHS formats. The one-year anniversary
of that launch marked the sale of Best Buy's one-millionth DVD movie.
Minneapolis-based Best Buy Co., Inc. retails name brand consumer
electronics, personal computers, entertainment software and appliances. The
Company is ranked 199 on the Fortune 500 with annual revenues of $8.4 billion.
Best Buy operates 287 locations in 32 states and its common stock is traded on
the New York Stock Exchange, symbol BBY. More information about Best Buy is
available on the Company Web site: bestbuy.com

newsalert.com



To: John Rieman who wrote (32096)4/11/1998 8:21:00 AM
From: Rutgers  Read Replies (1) | Respond to of 50808
 
First Lehman Brothers, now a mention in Monday's Barron's..........

The article is about Broadcom's upcoming IPO and contains this tidbit:

"As always, technologic change is rapid, and competition is fierce. In the cable TV set-top box market, Broadcom competes with Rockwell International, Philips, LSI Logic, VLSI Technologies, SGS Thompson, and C-Cube Microsystems." [emphasis added].

What's that old cliche? "...and last, but not..."



To: John Rieman who wrote (32096)4/11/1998 9:54:00 AM
From: BillyG  Read Replies (2) | Respond to of 50808
 
I see rentals of both DVDs and DVD players as the best way to jumpstart the DVD market. It's been off to a good start, but the quicker it grows, the better it will be for CUBE because of its technology lead.