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To: appro who wrote (5787)	3/4/1999 11:15:00 PM
From: Gottfried	Respond to of 9256

appro, Best Buy reports same-store sales up 10.8% [thanks, Jeffrey] biz.yahoo.com Thursday March 4, 9:35 am Eastern Time Best Buy Q4 same-store sales up 10.8 pct MINNEAPOLIS, March 4 (Reuters) - Electronics specialty retailer Best Buy Co. said Thursday that sales at stores open at least one year rose 10.8 percent in the fourth quarter as consumer spending remained strong. Total sales for the quarter were $3.456 billion, up from $2.852 billion a year ago, the company said. The fourth quarter same-store sales increase compared with a 16.9 percent increase in the year-ago fourth quarter, the company said. For all of fiscal 1999, which ended Feb. 27, same-store sales rose 13.5 percent, compared with a 2.0 percent rise the previous year, Best Buy said. Total fiscal 1999 sales were $10.08 billion, compared to $8.36 billion a year ago. ''Strong consumer spending combined with rapid acceptance of new technology products and a stellar performance by all of our employees drove us past $10 billion in sales,'' Richard Schulze, chairman and chief executive, said in a news release.

To: appro who wrote (5787)	3/5/1999 1:40:00 AM
From: appro	Read Replies (1) \| Respond to of 9256

Raytheon sues to squelch chatters suspected of revealing trade secrets at Yahoo: messages.yahoo.com See MSNBC article: msnbc.com >>>>>>>>>>>>>> Raytheon Corp. suing 21 Net chatters Defense giant claims company secrets were revealed ASSOCIATED PRESS CAMBRIDGE, Mass., March 4 — Chatting anonymously about your employer on the Internet may not be as safe as you think. Raytheon Corp., the Lexington-based defense giant, is suing 21 online chatters who it believes are employees disclosing company secrets. THE COMPANY has asked Yahoo Inc., which runs the offending chat group, to identify the people behind their electronic handles. “We are committed to and take seriously our responsibility to protect proprietary information,” said Raytheon spokeswoman Toni Simonetti on Thursday. “We'll take legal action necessary to that.” The case, first reported on by the Boston Herald, underscores a difficulty with Internet chat groups, which encourage the kinds of conversations that might take place after work in a bar. But the electronic message boards create an illusion of privacy that can embolden people to broadcast their thoughts all over the world. In the case of Raytheon, a $19.5 billion company with 100,000 employees, on-line messages were allegedly posted by workers who assumed such screen names as RSCDeepthroat, SadNTexas and snowbaw198. WHAT MESSAGES REVEALED The messages revealed what Raytheon claims are company secrets, mostly about manpower projections and financial issues. In the complaint filed in Middlesex Superior Court in Cambridge last month, Raytheon said the workers violated employment agreements not to disclose confidential information. But much of the information revealed in the chat group was either speculative, inaccurate or already public. Raytheon cited one chatter who merely conjectured about the company's stock price. “Our stock is in for a further slide to about 35!!,” wrote snowbaw198 in September, noting he'd recently sold his at $57 a share. Rayman-mass was cited for writing on Oct. 21 that the company sold one of its units to DRS Technologies for $45 million. Raytheon had already made the deal public that day. And h1234567 posted a message in April saying “Raytheon win Missle-defense contract. Good news will be announce tomorrow.” A competitor actually won the contract the next day. YAHOO WON'T DISCLOSE NAMES A spokeswoman for Yahoo, which is based in Santa Clara, Calif., said the company will comply with a subpoena if one is issued, but otherwise won't disclose a user's identification. “We have very, very strict privacy policies,” Yahoo spokeswoman Diane Hunt said. “We're careful not to just give out user information.” Raytheon is asking for an injunction against the chatters preventing further disclosure of company secrets, compensatory damages and attorney fees and expenses. “It seems kind of disturbing that a company would check up on employees this way,” said Scott Charnas, an attorney who works for a law firm specializing in labor law and is not involved in the case. Charnas said he didn't know of any statute preventing Yahoo from disclosing the names of its chat group members. “There may be an expectation of privacy when people sign on with these screen names, but that's probably a false expectation,” said Charnas. “You may not approve of what Raytheon is doing, but from a legal perspective they have a right to do it,” he said. © 1999 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<