Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: ErnestPoe who wrote (13897)	3/30/1999 11:52:00 AM
From: Captain Jack	Read Replies (2) \| Respond to of 25711

HNV on power lunch today around 1:10. Just announced that they will split the company into two internet divisions: biz.yahoo.com Tuesday March 30, 1:14 am Eastern Time Hanoverto create 2 separate Internet units WEEHAWKEN, N.J., March 30 (Reuters) - Hanover Direct Inc. said Tuesday it plans strategic realignment that will result in two separate Internet-driven divisions, brand marketing and web services amid its efforts to position itself in the general merchandise electronic commerce area. The company said in a statement that it expects the brand marketing unit's continuing merchandise businesses to post sales increases during 1999. On a pro-forma basis, the division would have reported 1998 revenues of about $540 million, of which e-commerce sales accounted for $8.3 million. Hanover expects the web services division's sales to increase during 1999 primarily via the addition of third-party contracts. The division is also committed to making significant additional investments in its world-class computer platform over the next three years. I just got in at 3. cJ