"NEW YORK, Nov 29 (Reuters) - uBid Inc. <UBID.O> is expected to be a "screamer" of an initial public
offering, but there is little for the individual investor currently in the stock, the financiual weekly
Barron's said in its Nov. 30 issue.
The online auctioneer is different from the hot eBay Inc. <EBAY.O>, namely because it has no profits
and faces competition from players such as OnSale and Z-Auction, Barron's said.
uBid, of Elk Grove, Ill., acts like a clearance house for computer and high-tech vendors. It plans to
offer 1.58 million shares at $13 to $14.
The company plays into the continued fervor for Internet IPOs, but individual investors may want to
stay out for at least two earnings periods, Barron's said. "
And then again... there s this:
"Of course, the week's hottest deals are expected from Internet companies. Ticketmaster
Online-CitySearch <TMCS.O> is scheduled to bring its highly-anticipated IPO to market this week,
and uBid <UBID.O>, an Internet auction company, is tentatively slated for either this week or next."
MG |
