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To: jopawa who wrote (52354)	2/5/1999 9:43:00 AM
From: MoneyMade	Read Replies (1) \| Respond to of 119973

CPU---CompUSA to Spin Off Direct Group, Reports Computer Retail Week MANHASSET, N.Y.--(BUSINESS WIRE)--Feb. 4, 1999--CMP Media's Computer Retail Week reports that CompUSA Inc. (NYSE: CPU - news) confirmed it will separate its direct businesses into a stand-alone company strongly rooted in the Internet. CompUSA President and CEO Jim Halpin said the company will devote ''substantial resources'' in people, infrastructure and marketing to the new operation, totaling between $2 million and $3 million a quarter, according to a story posted by the technology-retailing newspaper today at www.crw.com. Halpin told analysts that Internet sales grew more than 100 percent in January, but declined to release a sales figure. He vowed to make CompUSA's site a considerably more popular destination. The CompUSA Direct division produced $83 million in sales during the latest quarter, a 48 percent increase over the previous year. Most of that was mail order, but, Halpin said, ''The Internet is one of our fastest-growing businesses.'' CMP Media's Computer Retail Week is the leading newspaper for technology retailers. Each week, it provides critical information about new solutions, technologies, alliances and products for a wide audience of computer superstores, software retailers, mass merchants and other channel members. Breaking news also is posted on its home page, crw.com. In addition, its specialized online Webpaper, Computer Retail Web, covers the technology, products and people driving Internet-based computer retailing at computerretailweb.com. CMP Media Inc. (Nasdaq: CMPX - news) is the leading high-tech media company providing essential information and marketing services to the entire technology spectrum--the builders, sellers and users of technology worldwide. With its portfolio of newspapers, magazines, custom publishing, Internet products, research, consulting and conferences, CMP is uniquely positioned to offer marketers comprehensive, integrated solutions tailored to meet their individual needs. Online editions of the company's print publications, along with products and services created exclusively for the Internet, can be found on CMPnet at cmpnet.com. NSTL, the company's independent testing lab and consulting organization, serves government, corporate and technology vendor clients around the world. Contact: Barry J. Zusman 516/562-7040 bzusman@cmp.com or Steve Rubel 516/562-7434 srubel@cmp.com More Quotes and News: CMP Media Inc (Nasdaq:CMPX - news) Compusa Inc (NYSE:CPU - news) Related News Categories: computers, internet, publishing, retail