PreOpen NOBE, ONSL
09:18 ET Nordstrom Inc. (NOBE) 30 3/4: High-end retailer posts a Q3 net of $0.27 a share, a penny ahead of the mean estimate, vs year-ago profit of $0.23. Morgan Stanley Dean Witter upgrades issue from "neutral" to "attractive."
09:15 ET Stock Indications: DELL -1 3/8, INTC -7/8, EWBX -5/8, YHOO -1 3/8, INKT -3/4, EBAY -1 7/8, AMZN -1, FORMF -2, VOCLF +5/8.
09:07 ET ONSALE Inc (ONSL) 23 3/8: Needham & Co reiterates its "strong buy" rating; says Yahoo!Auctions powered by ONSALE has been operational for about 2 months now, and in that time total listings on the site have more than doubled to about 60,000; management believes that new bidders are registering for the service at an even faster rate than new listings are coming online; Needham expects company to breakeven in Q3 1999; says ONSL currently trades at just 1.2 times firm's 1999 revenue estimate of $352.9 mln vs its eCommerce group avg. of 5.5 times 1999; firm sees no reason why ONSL shouldn't trade at 2x 1999 revenue or $37 a share. ONSL indicated 3/8 higher.
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