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

To: TokyoMex who wrote (1410)	7/15/1998 7:54:00 AM
From: Secret_Agent_Man	Respond to of 8307

Egghead Cracks the Net After great fall, company put back together as online retailer David Einstein, Chronicle Staff Writer Wednesday, July 15, 1998 Six months after scrapping its money-losing chain of stores, Egghead.com Inc. could be the first big retailer to successfully transform itself into a pure Internet company. Its three Web sites comprise an online superstore with more than 40,000 computer products. The flagship site, www.egghead.com, sells new hardware and software, while www.surplusdirect.com and www.surplusauction.com offer older versions of products, along with refurbished and surplus goods. Investors, sensing that Egghead could become a major shopping presence on the Net, have driven the company's stock up from $8.44 at the start of July to $26.13 on Monday. The shares gave back some yesterday, closing down $2.72 to $23.41. ''I think it's finally setting in that Egghead is no longer the chain of 170 little strip mall stores, and that they have a very strong brand name that's recognized by anyone who's used a computer over the past 10 years,'' said Paul Taylor, an analyst for Arcadia Investment Corp. in Portland. r1