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Technology Stocks : Egghead Computer (EGGS)
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To: Street Walker who wrote (1140)7/13/1998 9:33:00 PM
From: Joe Casey  Read Replies (3) of 8307
 
Will the slaughter begin tomorrow? If eggs has brand recognition, it is more like RC Cola while Dell is like Coke. While there is much competition for selling computer products over the Internet, eggs will get its share, albeit a paltry share, giving it a currently overvalued sales multiple with no forseeable earnings for the next 2-3 years. I also understand that much of the $13 million in sales this quarter was due to non-computer related junk being sold through its auction sites. Eggs failed miserably in normal retail channels; what makes people think it will succeed in turning a profit over the Web? How will eggs ever be profitable when there are other better sites such as Dell, buycomp and onsale? 225% gain in less than a month for this 3rd rate company? Is that worth the pennies in EPS 3 years from now? Give me a break. Can't wait for $19 and lower starting tomorrow a.m.

EGGS = the next SEVL (bubble top)
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