To: JoeWeinberg who wrote (183 ) 6/8/1999 9:23:00 PM From: Sr K Read Replies (2) | Respond to of 2514
A reply to an old question but read on: From Blockbuster Entertainment Corporation 10-K for the year ended Dec 31, 1987, Part I, Item 1, page 3, paragraph 4: The Company, formerly Cook Data Services, Inc. was incorporated in the state of Delaware in December 1982 [per the 1987 Annual Report, it had been formed in 1978]. In January 1983, the Company acquired all of the common stock of David P. Cook & Associates, Inc., which had been engaged in the business of providing software and remote computing services to businesses engaged in oil and gas related activities. Primarily because of the downturn in the oil and gas industry, the Company began early in 1984 to develop a strategic plan to change its directions and redeploy its assets into a less cyclical business with a higher growth potential. In July 1985, after developing a set of criteria of desirable attributes of a business and analyzing and studying many industries, the Company chose to pursue the rapidly growing, yet fragmented video cassette rental business. From the 1987 Annual Report MD&A: The Company ultimately decided to sell DPC&A effective July 1985, to a group composed of DPC&A's management and certain outside investors for a net after tax gain of $252,000. - - - Questions for anyone: Was Blockbuster called Blockbuster when HWH stated to buy in? How many stores did it have at that time (I remember no more than 7)? One of the first acquisitions was Southern Video, a Texas general partnership which owned three BLOCKBUSTER Videos Superstores in San Antonio. Was it this 3-store operation that David Cook developed and sold? He was not listed as an officer or director in the 1987 Annual Report.