Egghead Computer (EGGS) Message Board

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Technology Stocks : Egghead Computer (EGGS)

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To: Proton who wrote (939)	7/12/1998 1:48:00 PM
From: Kip518	Read Replies (2) of 8307

Steve Harmon writes: (July 10th) wallstreetlinks.com Egghead.com (NASDAQ:EGGS) goes higher yet as a press release not from the company but from someone claiming to be an investor in it targets EGGS capitalization at $2 billion or $85 per share. We differ. Egghead is no Amazon.com (NASDAQ:AMZN) and it needs some work on its auction Web site. We couldn't order last time we tried to. We think EGGS has closed the value gap between it and closest peer ONSALE (NASDAQ:ONSL). Between the two we believe Onsale's site and commerce experience is superior. Although we've long been a believer in Egghead, and we were the only ones for the past six months saying it could be a $500 million market cap company, we're satisfied that the run finally came. If EGGS can keep growth strong we think it could be a $1.2 billion company in 12 months. To keep going we believe Egghead must up the ante, and that may mean acquiring other Web services to open more revenue and future earnings flow. EGGS closes up 26% today at $21.44 as most traded issue. It's gained more than 175% past week and is well higher than its 52-week low of $3.81 per share.

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