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Technology Stocks : Creative Computers(MALL)
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To: Richard B. Haenisch who wrote (386)11/20/1998 11:34:00 PM
From: Kevin McKenzie  Read Replies (1) of 1634
 
UBID has been mentioned as the biggest competitor to EBAY by Wall street analysts

I'm not disputing you, but this statement confuses me. As far as I can see, Ubid doesn't accomodate person-to-person auctions (in the manner of Ebay). Ubid's site looks almost identical to OnSale's, except that OnSale has categories for Travel and Excercise Equipment (in addition to computer surplus.)

I thought Ebay's huge advantages were: (1) no inventory carrying costs and (2) no inventory obsolecense, because the sellers determine what is listed (in effect the Ebay completely turns its inventory offering once every 7 days -- so if beanie babies are hot this week, then you'll see a swell in beanie baby listings; if Star Wars toys are hot next week, then those listings will grow.) Ebay never has to anticipate the market trend.

I'm completely perplexed as to how to value MALL preceding the UBID IPO, however I disagree that UBID's business model is any closer to Ebay's than are the business models of EGGS or ONSL.

I would say Greg Manning's business model is the closest gregmanning.com , followed by collectit.net then OnSale's person-to-person auction site onsale.com

However, none of them approaches Ebay's success yet. They make money (for the most part) by reselling their own merchandise. Ebay collects commissions and listing fees.

Also, I believe Ubid very recently bragged about 1.9 million hits per month. Ebay claims 12 million per DAY.

Good luck to all trying to second guess the market reactions to this one.
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