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Technology Stocks : UBID Inc.

UBID 3.000

0.0%

Jan 21 4:00 PM EST

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To: Kenneth Yeh who wrote (4)	11/12/1998 9:07:00 AM
From: jgideon	Read Replies (1) of 55

Why the comparison to EBAY? EBAY is a broker between individual parties and takes a commission of each sale. UBID buys surplus and closeout merchandise and sells it at auction to the public. EBAY is like a web classified ad section, while UBID is a surplus goods auctioneer. UBID should more correctly be compared to ONSL or surplusauction.com or the various other goods auctions on the web. I don't think the potential is the same as EBAY because these places have to take possession of the goods, store them, ship them, and deal with considerably more financial transactions per sale. In short, more overhead and risk. UBID is a good web enterprise, but it does have considerable competition. ONSL is the perceived leader in its niche. EBAY is in a different, but related, space. jg

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