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Technology Stocks : OnSale Inc.
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To: William Vu who wrote (929)3/18/1998 7:04:00 PM
From: Pauly  Read Replies (1) of 4903
 
<it amuses me that ONSALE brags about number of bids. It is like a soldier brags about the number of shots he fired in a battle.>

I disagree. ONSL SHOULD brag about the increasing number of bids, because this is a very relevant statistic. As ONSL increases its capacity to handle more orders, it should be able to keep the ratio of winning bids to all bids the same. Therefore, more bids means more winning bids means more revenue.

There have already been over 1 million bids in the first quarter (with two weeks to go), almost 40% more bids than the entire 4th quarter, which included the holidays. So I expect to see 1st quarter revenues about 40% higher than 4th quarter.

Paul
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