Medical supplies and equipment is a lot bigger market than FMKT's product categories like injection molded plastic parts, and corrugated packaging and coal (per S-1)
From company description at Edgar Online-
Our Auction service, introduced in May 1999, creates an efficient marketplace for idle
assets by enabling users to list, sell and buy used, refurbished and surplus
medical products.
From yesterday's PR-
FreeMarkets has conducted online auctions in more than 70 supply verticals
through 1999, including 20 new supply verticals in the fourth quarter. Among
the new verticals: ball bearings; construction and maintenance services; CRT
monitors; distributor chemicals; fluid processing equipment; hotel services;
liquid crystal displays; material handling equipment; ocean freight; pallets;
PC peripherals; sugar; temporary services; wire harnesses and wire mesh.
About FreeMarkets
FreeMarkets is the global leader in creating business-to-business online
auctions for industrial parts, raw materials, commodities and services. The
Company created online auctions for approximately $1.0 billion worth of
purchase orders in 1998 and approximately $1.4 billion worth of purchase
orders in the nine months ended September 30, 1999. Since 1995, FreeMarkets
has created online auctions for products in more than 70 supply verticals,
including injection molded plastic parts, commercial machinings, metal
fabrications, chemicals, printed circuit boards, corrugated packaging and
coal. More than 2,000 suppliers from over 30 countries have participated in
FreeMarkets auctions. FreeMarkets provides access to its online auction
marketplace to industrial buyers and suppliers. The FreeMarkets marketplace
includes proprietary online auction technology, technical operations,
industrial market making services, access to a global database of suppliers
and supplier research, call center support to buyers and suppliers in over 30
languages, and marketplace rules. The company's current clients include
United Technologies Corporation, The Quaker Oats Company, Eaton Corporation,
Emerson Electric Company, Honeywell International Inc., FirstEnergy Corp., and
SmithKline Beecham plc. FreeMarkets can be found on the Web at
www.freemarkets.com.
(All bold mine.) |
