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

To: roger caothien who wrote (6246)	1/26/1999 6:48:00 PM
From: Cookie Monster	Respond to of 8307

Not bloody likely to see $10 my friend..... Read the following excerpt from their release. There are several key things Internet investors are looking for. Increasing revenues and user base are KEY! Not earnings. The addition of major marketing initiatives is also KEY! Earnings are not Key at this stage. Because EGGS earnings and rapidly rising, and their user base if increasing, and @home is featuring them (now with Excite added their sales could skyrocket) this stock will become a major player. It would not surprise me if the stock takes off on news that their revenue is up 77%. If they can maintain growth rates like this each year, they will be extremely profitable in a couple of quarters.... Long on EGGS, CM ****************************************************************** The company's total revenues were $41.9 million during the third quarter of fiscal 1999, a 77% increase from the ongoing revenue of $23.7 million for the comparable period last year, and a 19% increase over revenues of $35.1 million for the quarter ended September 26, 1998. Total revenues for the nine months ended December 26, 1998 were $106.4 million, a 94% increase from the proforma ongoing revenues of $54.8 million for the same period in fiscal 1998. Proforma ongoing revenues include revenues of $21.6 million attributable to Surplus Direct for the period prior to its acquisition. ''The quarter was the most significant in the development of our on-line business since closing the retail stores in February and repositioning the company on the Internet,'' Egghead.com chairman and CEO George Orban said. ''On November 21, we launched a unique new Web site that combined our three sites -- Surplusdirect.com, Surplusauction.com and Egghead.com into one shopping experience under the www.egghead.com umbrella. Between Thanksgiving and Christmas we experienced several days where revenues exceeded $1 million.'' During the third quarter, Egghead initiated its first integrated on-line and off-line marketing program, including television, radio and print advertising nationwide. The company also entered into a marketing agreement with the @Home Network whereby Egghead will be a featured auction site on the @Home Network.