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Technology Stocks : QXL.Com (QXLC) - euro ebay?
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To: blankmind who wrote (14)10/9/1999 1:00:00 PM
From: blankmind  Read Replies (1) of 306
 
cost structure:

26 Aug 1999

QXL, the UK?s answer to Ebay and Onsale, estimates its revenues this year at between œ15m and œ30m this year -- a pretty wide variation, really. In an interview with the FT chief executive Jim Rose said the company expects to lose money "for the next year or two to get our technology in place". QXL charges 2.5 per cent- 4 per cent on each transaction completed on its web site. The company aims to get away an IPO later this year, which it would give it a market cap of between œ500m and œ750m.
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