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Non-Tech : CDWI CD Warehouse -- Ignore unavailable to you. Want to Upgrade?

To: freeus who wrote (107)	9/18/1998 3:01:00 PM
From: Robert Skinner	Read Replies (1) \| Respond to of 550

Jerry W. Grizzle, the Company's Chairman and CEO, stated last Quarter "we successfully acquired our largest competitor, Disc Go Round, which now makes CD Warehouse, Inc., the largest retail music chain specializing in the sale of pre-owned CD's. Since the acquisition occurred at the end of the quarter, the results of the combined operations will not be reflected until subsequent periods." Read this part again..."Since the acquisition occurred at the end of the quarter, the results of the combined operations will not be reflected until subsequent periods." Now read this: DALLAS--(BUSINESS WIRE)--Aug. 6, 1998--ComVest Partners, Inc. today announced that in a research report, analyst Tomas Escamilla set a 12-month price target of $50 based on estimated EPS of $0.43 for FY98 and $0.70 for FY99. Escamilla noted, ''While the retail music industry is highly fragmented, after its recent acquisition, CD Warehouse is positioned to seize a significant share of the rapidly growing $1 billion pre-owned CD market without competition by any similar retail chain.'' Want another reason to be bullish on this stock: OKLAHOMA CITY, Sept 9 (Reuters) - CD Warehouse Inc. (Nasdaq:CDWI - news) music store said on Wednesday it plans to launch a website that will allow it to sell new and used music compact discs over the Internet. Bob