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GUITAR CENTER INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic.

Antonym: dec.
.

Symbol: GTRC GTRC Grid Technology Research Center (Japan)
GTRC Greensboro Truth and Reconciliation Commission (North Carolina) 
 Exchange: NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
 Close: $51.70 1-WK % Chg: 1.5%

Business Overview

Guitar Center Inc. operates a chain of retail stores in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  that sells guitars, amplifiers, percussion instruments This is a list of percussion instruments. Tuned percussion
  • antique cymbals
  • celesta
  • chimes (a.k.a. tubular bells)
  • clavinet
  • crotales
  • Gong
  • glass harmonica
  • hammered dulcimer
  • handbells
  • lithophone
  • marimba
  • marimbaphone
, keyboards and live-sound/disc jockey (D J) and recording equipment. During the year ended December 31, 2004, Guitar Center operated 136 Guitar Center stores, with 113 stores in 46 major markets and 23 stores in secondary markets. In addition, the Company's American Music division operates 19 stores specializing in band and orchestral instruments for sale and rental, sewing teachers, band directors, college professors and students. Guitar Center is also a direct response retailer of musical instruments in the United States through its wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
, Musician's Friend, Inc., and its catalog and Website, www.musiciansfriend.com. During 2004, the Company opened 14 new stores and relocated one store that resulted in the addition of approximately 190,700 square feet of store space. The new store opening program for 2004 included nine small format Guitar Center stores and five large format stores.
Income Statement                LTM *      2004

Revenue (billions)               $1.7       $1.5
Operating Income (millions)     120.1      107.7
Net Income (millions)            70.3       63.4
EPS                             $2.48       $2.29

Summary

Headquarters: Westlake Village

Market Cap: $1.3 billion

Dividend Yield: NA

P/E Ratio: 20.3

Latest 12 months ended September 2005
COPYRIGHT 2005 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:GUITAR CENTER INC
Publication:Los Angeles Business Journal
Article Type:Brief Article
Geographic Code:1USA
Date:Nov 7, 2005
Words:228
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