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

To: Buzz Lightyear who wrote (6242)	1/26/1999 6:30:00 PM
From: Alan Smithee	Read Replies (3) \| Respond to of 8307

Orban on CNBC power lunch tomorrow. Let's hope he puts a better spin on this than the Reuters release: Egghead.com third-quarter loss widens, sales dip SPOKANE, Wash., Jan 26 (Reuters) - Online software retailer Egghead.com Inc Nasdaq:EGGS - news) on Tuesday reported that its third-quarter loss widened from its loss in the same period a year earlier, as sales fell sharply. The company, which last year closed its physical stores, and transformed itself into an online retailer, said it lost $8.9 million or 36 cents per share in the quarter, compared with a loss of $6.6 million or 29 cents in the year-ago period. Sales fell to $41.9 million from $99 million the year before. Although sales of products sold online increased from $23.7 million last year, total sales remained well below what the company generated as a physical retailer. ''In spite of the recent progress we have many challenges ahead of us in the next two fiscal quarters,'' Chairman George Orban said in a statement. ''We will continue to make improvements in our technology and processes in order to provide a progressively better shopping experience.''