Creative Computers(MALL) Message Board

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Technology Stocks : Creative Computers(MALL)

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To: Kenneth Yeh who wrote (214)	11/11/1998 5:39:00 PM
From: John Martin	Read Replies (1) of 1634

Kenneth, I think comparing EBAY to UBID bid is a bit far fetched. Don't get me wrong, I really like the MALL/UBID story and think that there's alot of potential. What I don't want to do is to blow this IPO out of porportions. UBID is much closer to OnSale and EGGS as a type of online auction and business model. MALL having $700M+ in revenue is an added bonus. OnSale has a market value of $443M and EGGS has $316M. MALL presently has $122M which I expect/hope to move upto ONSL's amount in the near future which would boost the stock price to around the $40 range. Even at that level, the MALL would be trading at less than 1X revenue. Present EBAY is trading at 92X revenue. What kills me is that EGGS has been perceived as a better company than MALL/UBID. MALL is making money, revenue has been growing consistently for a long time. EGGS has been loosing $$$ bigtime and revenue continues to decrease... Go figure... Based on the last earnings report + est (.06) for the next qtr, it probable that they will do $.24 - .$30 next year no problem. That would give them at most a future earnings projection of 50. Not bad for an internet company that's making money and growing at over 100% a qtr. To top things off, UBID is the #3 web site, three above EBAY! auctioninsider.com Kenneth - I hope that you prove me wrong ;-)

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