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To: Philip Logos who wrote (24106)	11/2/1998 12:26:00 AM
From: John O'Neill	Respond to of 164684

>>In my estimation, the company is spending lavishly and recklessly in order to boost sales. << I wonder how they coould get more money if they needed it?? It seems like they could face a cash squeeze

To: Philip Logos who wrote (24106)	11/2/1998 7:41:00 AM
From: Glenn D. Rudolph	Respond to of 164684

If I remember correctly, the June quarter had gross margins around 22.6 per cent, the same as they were during this September quarterly report. Moreover, why couldn't the company pull off any better than last quarter's (.34) per share? It sounds like additional sales produced diminishing returns. Philip, Margins were likely negatively impacted by the music sales. The music sales were not large enough to make a major impact. We continue to see proof that the busisess model does not work. The analysts, in general, spin it the other way. In my estimation, the company is spending lavishly and recklessly in order to boost sales. I doubt this is even debatable but someone would debate it <G> Glenn