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Technology Stocks : VerticalNet, Inc. [VERT]

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To: ahab who wrote (184)4/20/1999 1:10:00 PM
From: Mao II  Read Replies (1) of 1094
 
ahab & thread:
VerticalNet Launches Web Auctions For Businesses
NEW YORK (Reuters) - Business Web site operator VerticalNet Inc. (Nasdaq:VERT - news) Tuesday said it has launched business-to-business Web auctions, a service it hopes will gain the same popularity as online consumer auctions.

Shares of the Horsham, Pa. company soared $9.88 to $89.88 in noon trading.

Under the auction service, firms that use VerticalNet Web sites will now be able to auction off excess inventory or other merchandise. Buyers can browse the auction and fixed-price categories free of charge and place bids on items of interest, VerticalNet said in a statement.

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Regards, M2
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