Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: puborectalis who wrote (79441)	2/27/2000 11:21:00 PM
From: SKARLOEY	of 108040

CMDX liked this part of that news, should split and drive way higher... Ventro, a leading Net market maker that started out in the ``life sciences' business, launched a marketplace for chemicals in late 1998 and quickly expanded into lab supplies. These networks now make up Ventro's Chemdex business. By aggregating many suppliers into one electronic catalog, the Chemdex market saves scientists at pharmaceutical and biotech firms hours of flipping through thick paper catalogs full of complex, technical details to compare product information. In addition, Chemdex eliminates much of the paperwork involved in buying supplies. The company estimates that the average purchase order that goes through Chemdex, worth about $500, carries $10 to $20 in administrative costs. That's well below the $120 to $140 the company says it would cost to process that purchase order offline. Chemdex works with 95 buyers and 2,200 suppliers. And Ventro is expanding into new markets like medical supplies and fluid processing equipment such as pipes and pumps.

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