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Technology Stocks : OnSale Inc.
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To: aps who wrote (1393)7/27/1998 1:41:00 PM
From: Jim Duffett  Read Replies (2) of 4903
 
Beating estimates and falling

In both cases last week, AMZN and SEEK, although they beat estimates,
they also were cautionary in their CCs and had experienced slowdown in growth. That is what has everyone spooked at the net stocks.

Without exponential growth there is no way to justify these insane valuations. In the end, it will come down to the leaders in each market. Yahoo will further shake itself from the rest of the portals
and hopefully onsale will do the same in its market.
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