Morning Report
Mon Nov 16
eMailbag From Readers:
Network Solutions, @Home, Spyglass, Onsale
By Steve Harmon
Senior Investment Analyst
Internet.com
"Where Wall Street Meets The Web"
>>Onsale Sells B2B Next
"Steve, I saw that the Onsale.com (ONSL) Business-Business auction site is online ... Onsale has their hands in person-person auctions with Yahoo which compete with EBAY, Onsale is online in Japan, the Onsale WebSite is selling computer electronics, business products, office supplies, food and travel packages ... this stock is selling at just $21.5 with a 6 million share float ... do you expect Onsale.com to stay at this price much longer?
Reply: We've always believed that the auction model is one of the first truly Web-enabled ways to do commerce. That sentiment goes back to when Onsale (NASDAQ:ONSL - news) first went public at $6 per share and nobody "bid" on it. eBay's IPO (NASDAQ:EBAY - news) added some more excitement to the potential with its personal auctions.
But the real heavy lifting and deal flow may come from the business to business auction action simply because the dollar volume (or pound, yen or peso, etc.,) is much bigger. By the way, we've had a lot of email the past few days about Onsale's debuting this industrial auction site.<<
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