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To: Apache Indian who wrote (2336)	12/5/1998 11:48:00 AM
From: D.J.Smyth	of 4903

Apache <<1 out of 2 PCs sold in US are sold by small manufacturers who resort to agencies, dealers or gray markets for their supply... And whats up with this obsession with the term 'AUCTION'>> People connect the term "auction" with a guy in a white cowboy hat, utilizing a hand held microphone, and saying "who'll give me one, I've got..." Actually nearly every commodity in the world utilizes "spot markets" which is nothing more than an "auction" of commodities. ONSL is proposing that these "spot markets" utilize one main site to list their prices, wares. The recent power shortage in the Northwest is an example of a Spot Market in extreme need of more centralizing. Some utilities in Chicago were forced to call up to 20 "power brokers" to get enough to keep things running. A couple utilities paid up to 200 times the normal rate. The utilities complained that power brokers were purposefully colluding to bid the price up. A site like ONSLs would, in certain ways help (1) centralize spot market bidding thus lessen time to market and cost, (2) better qualify the sellers and buyers (Chicago was EXTREMELY burned when promised power from a brokerage which didn't deliver - ended up in court), (3) create a more competitive environment relative to spot market pricing (help decrease collusion). Such is the site which Vertical Net is helping create.

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