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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (10053)	6/5/1998 3:52:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

Statement from American Eagle Outfitters<AEOS.O> This article might shed some light as to why AEOS has been under downward pressure for the last couple of weeks. Perhaps a trend reversal is in sight. Statement from American Eagle Outfitters WARRENDALE, Pa., June 5 /PRNewswire/ -- The following is a statement issued today by American Eagle Outfitters: "As a result of a recent article in Forbes magazine, which contained inaccuracies and misleading information, there has been a misconception regarding Jay Schottenstein and his family's investment in American Eagle Outfitters. The Schottenstein family holds a significant interest in American Eagle Outfitters and intends to continue to hold a significant interest in the company. The family has been involved with American Eagle Outfitters for the past 18 years and is proud to be part of this great success story, making American Eagle one of the fastest-growing, premiere retailing chains in the country." SOURCE American Eagle Outfitters -0- 06/05/98 /CONTACT: Marcia Horowitz of Rubenstein Associates, Public Relations, 212-843-8014, for American Eagle Outfitters/ -- NYF068 -- 0328 06/05/98 14:28 EDT prnewswire.com Copyright PR Newswire 1998. All rights reserved -------------------- TAL News Server History: ADD TAKE : 98/06/05 14:45