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Technology Stocks : Electronics Boutique (ELBO) -- Ignore unavailable to you. Want to Upgrade?

To: ratherbelong who wrote (324)	5/7/1999 12:45:00 AM
From: ratherbelong	Read Replies (1) \| Respond to of 779

From Multex ... the latest from Smith Barney regarding the effects of the Games PLC Acquisition. ========================================= Accretive Acquisition By U.K. Affiliate Salomon Smith Barney Thursday, May 06, 1999 --SUMMARY:--Electronics Boutique--Emerging Growth--Specialty Retail * ELBO recently announced that its UK affiliate, Electronics Boutique Plc, intends to acquire Game Ltd. in a transaction which is subject to shareholder approval at the end of May. * If the transaction is approved, as part of its management contract with EB Plc under which ELBO receives a minimum of 1% of the net sales of the company, we estimate it will be accretive to earnings by $0.04 in fiscal 2000. * We are, however, maintaining our current estimates pending the outcome of the shareholder vote. * Business trends remain strong at ELBO, with Star Wars-related merchandise expected to boost sales. * We reiterate our BUY recommendation. ========================================= Good Luck, RBL