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To: Panita who wrote (75387)	5/18/1999 8:40:00 AM
From: 2MAR$	Read Replies (1) \| Respond to of 119973

Look at SPLS (Staples) Great earnings and 2 internet deals.Poppo? Tuesday May 18, 6:03 am Eastern Time Company Press Release Staples Inc. Reports 24 Percent Increase in First Quarter Revenue ..Net Income Jumps 47 Percent; Earnings Per Share Increase 38 Percent... FRAMINGHAM, Mass.--(BUSINESS WIRE)--May 18, 1999-- ..Same-Store Sales Grow 10 Percent for North America, 9 Percent Company-Wide.. Staples Inc. (NASDAQ:SPLS - news), the pioneer of the office superstore industry, today announced net income of $50.3 million, or $.11 per common share on a diluted basis, for the first quarter which ended May 1, 1999, compared with $34.1 million, or $.08 per common share, on a diluted basis, for the prior year. Historical data has been restated to reflect the merger with Quill Corporation under the pooling of interests method of accounting. Total sales for the quarter rose 24 percent to $2.1 billion from $1.7 billion reported for the same period last year. Comparable sales in the 763 stores that have been open for more than one year and delivery hubs, increased 9 percent for the first quarter company-wide, and increased 10 percent for the first quarter in North America. ''We delivered another quarter of outstanding financial performance with double-digit same-store sales growth in our North American superstores business,'' said Staples Chairman and Chief Executive Officer Thomas G. Stemberg. ''With the launch of the Quill brand in Europe, aggressive store opening plans and continued investments in e-commerce and service opportunities, we are preparing for future growth opportunities while achieving best-in-class results.'' In separate press releases issued today, Staples announced two strategic Internet partnerships and investments formed to spearhead the company's position as a leader in the e-commerce arena. Staples invested $7 million in register.com, one of the largest single domain name registration services on the Internet. The company also invested $3.5 million in Point.com, formerly known as Nth Dimension Corporation, the leading web retailer of wireless phones, service plans and acceseries. Both agreements include extensive marketing initiatives that will drive sales across nearly all Staples sales channels, including its e-commerce, retail stores and catalog operations. ''These partnerships are designed to make Staples.com the one-stop e-commerce shop for small businesses,'' said Stemberg. ''Internet applications have tremendous potential across all of our businesses and will help us improve customer service while driving down our costs of doing business. By teaming with leaders in this space, we're able to add incredible value to our Web site.'' -0- In addition, this quarter Staples: -- Opened 47 new retail stores, ending the quarter with 960 stores worldwide; 752 stores in the United States, 132 stores in Canada, 51 stores in the United Kingdom, and 25 stores in Germany; -- Continued to strengthen its e-commerce efforts through strategic marketing agreements with GeoCities and CNN.com; -- Launched its Quill catalog business in the United Kingdom; -- Expanded store hours with the emergence of the first 24-hour office superstores; -- Enhanced service offerings through a partnership with Sprint telecommunications services; -- Launched an aggressive store opening plan for the Atlanta market; -- Broke ground for its fourth major retail distribution center in Terre Haute, Ind; and -- Added Margaret C. Whitman, the president and chief executive officer of eBay, to its Board of Directors. About Staples Staples Inc. is a $7 billion retailer of office supplies, furniture and technology to consumers and businesses from home-based businesses to Fortune 50 companies in the United States, Canada, the United Kingdom and Germany. Headquartered outside Boston, Staples invented the office superstore concept and today is the largest operator of office superstores in the world. The company has over 44,000 employees serving customers through more than 960 office superstores, mail order catalogs, e-commerce and a contract business. More information about the company is available at staples.com. 2MAR$