We expect our U.S. Books, Music and DVD/Video segment to be profitable on a pro forma operating basis for the full year 2000. |
We expect strong year-over-year sales growth in the first quarter, and our outlook for growth in 2000 remains strong. We expect that in 2000, our overall operating loss will decrease significantly as a percentage of sales. |
We have seen some softness in retail in October, |
We went all-out to make sure we delivered for customers this holiday season. |
With respect to cash, I'd like to make one point. Unless we choose to raise cash to further strengthen our balance sheet or for strategic flexibility, we have no reason to do so. |