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Technology Stocks : OnSale Inc.

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To: Jim Duffett who wrote (3481)	1/19/1999 12:57:00 PM
From: sam	Read Replies (1) of 4903

ONSALE Inc. (ONSL) 50 15/16 -7 3/4: Adams Harkness maintains "market perform" but lowers estimate on online retailer as company has been unable to procure sufficient quantities of computers; company reported Q4 revenues of $59 mln, below estimate of $66 mln; company embarking on a new business model, in which consumers can purchase new computers and accessories at wholesale prices; expects gross margins to drop to 7.5% and losses are expected to continue through the first half of next year; lowers FY99 EPS from net of $0.03 on revenues of $333 mln to loss of $0.90 a share on revenues of $411 mln.... Per Briefing.com

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