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Technology Stocks : Creative Computers(MALL)
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To: Sojourner Smith who wrote (362)11/20/1998 8:30:00 PM
From: Tom Hua  Read Replies (1) of 1634
 
Sojourner,

UBID is #3 in computer auction. There're many different categories in which ebay is #1 such as collectibles, personal ... Understandably, UBID is absent from the top ten lists of many other categories because UBID sells primarily computer stuff. Compared to ONSL and EGGS, UBID has lower margin.

UBID's handicap in the IPO is the existence of well established computer auction companies, led by ONSL (which also has expanded into travel, vacation, and industrial auctions). The best UBID can fare is to match up with ONSL's valuation model, which puts UBID at $13.5/share.

Regards,

Tom
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