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Technology Stocks : FreeMarkets Inc-(FMKT)
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To: Manx who wrote (35)12/2/1999 4:43:00 AM
From: Seeker of Truth  Read Replies (1) of 414
 
There's a little conflict here. The company itself says there were about a billion in auction sales in 1998 and 630 million in the first half of 1999. Let's assume that the first half of 1998 had 400 million in sales and the last half had 600 million. That should be approximately true. Then the sales went from 600 million in the last half of 1998 to 630 million in the first half of 1999. Unless there is seasonality, which seems doubtful, the growth almost stopped. But now Harmon reports that in the first nine months of 1999 the sales were 1.4 billion. That has to mean a sudden jump from let's say 330 million in the second quarter to 770 million in the third quarter. Is this possible? But Harmon is only talking about a 75% growth. This means that the fourth quarter will only have 350 million in sales. 630 + 770 +350 = 1750. This is a steep decline. Do big businesses rest before Xmas? The numbers look a bit crazy and untrustworthy, no matter how appealing the idea. Anybody have an explanation?
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