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To: M. who wrote (18715)	6/4/1999 12:23:00 PM
From: DWB	Respond to of 25814

Talk about dead weight.... check out the impact DIVX is having on CC earnings... I think their investors should give management an earful at their next conference call... RICHMOND, Va. -- Circuit City Stores Inc. on Friday said it expects fiscal first-quarter earnings at its core Circuit City electronics group to nearly double compared with a year-ago, boosted by strong sales of consumer electronics, personal computers and appliances. According to the parent company's forecast, Circuit City Group should report earnings of about 25 cents a share, topping analysts' estimates by five cents a share, and almost doubling the group's year-ago earnings of 13 cents a share on revenue of $1.92 billion. Circuit City Stores said its consumer-electronics stores should contribute about 39 cents a share to Circuit City Group's first-quarter earnings, a 63% increase over the previous year. Although Circuit City Group is composed mainly of consumer-electronics stores, its results also reflect an investment in Digital Video Express LP, or DIVX, and an interest in the Carmax Group, which trades separately and reflects the performance of the parent company's auto-superstore chain. Circuit City Group expects its investment in DIVX to reduce its first-quarter earnings by about 16 cents a share, but it sees its interest in CarMax adding about two cents a share to first-quarter results.