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Technology Stocks : Egghead Computer (EGGS) -- Ignore unavailable to you. Want to Upgrade?

To: Urlman who wrote (920)	7/11/1998 9:52:00 PM
From: TWICK	Read Replies (2) \| Respond to of 8307

Great article in today's IBD, page A32. Forget Macro, Think Micro In New Era A great article on economic forecasting and how the old models are failing thanks to Technology. The U.S. economy's new Era of growth is tech-driven. And we are only just beginning to feel the impact of the high-tech revolution. One example mentioned is EGGS: In January, software retailer Egghead, Inc. closed its 80 stores, changed its name to Egghead.com Inc. and moved its whole operation to the Internet. In the process, the firm reduced its work force by 80%. This transformation at Egghead is quintessentially New Era. With sales up and employment down, productivity is strong. This means higher profits for stockholders and lower prices for customers. What will happen to Computer City ?

To: Urlman who wrote (920)	7/11/1998 10:03:00 PM
From: CharlieC	Read Replies (1) \| Respond to of 8307

The following may explain the 300k block: "Level 3 Nasdaq indicates that Smith Barney is buying a whackload up to 800,000 shares. Short covering or genuine buying? We think the former." This was put out by the newsletter "Nasdaq BB Alert" around noon on Friday. I have level 2 but not level 3 so I can't confirm if what they say is true, but it sounds plausible. I posted on the Gap Up board that this is a good candidate for a positive gap on Monday, and everything I've been reading & hearing over the weekend confirms that.