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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: SpinCity1 who wrote (97481)	9/17/1999 2:53:00 PM
From: Manly	Respond to of 119973

I just bought some dark horses - EGGS and ONSL. Looking for a quick start on Monday due to the online auction news. You know they have to be part of it, no mention anywhere yet, does anyone else have any news? It's supposed to start Monday! Friday September 17, 2:30 pm Eastern Time FOCUS-Microsoft,other Web sites form auction network By Monica Summers NEW YORK, Sept 17 (Reuters) - A network of electronic commerce Internet sites, including Microsoft Corp. (Nasdaq:MSFT - news) and Lycos Inc. (Nasdaq:LCOS - news), have formed an online auction alternative to eBay Inc. (Nasdaq:EBAY - news), the No. 1 online auction site, the software company that will host the network said Friday. In response to the news, shares of eBay fell more than $8 to $143 on the Nasdaq stock market, while Microsoft gained $1.50 to $95.50 and was the most active Nasdaq issue. Scott Randall, founder and chief executive of FairMarket Inc., the company that created the auction network, said it will function like a virtual warehouse to which nearly 100 sites will link their own auctions. Until now, eBay has dominated the online auction business, offering consumer-to-consumer auctions within a single marketplace, where individuals contact each other to buy and sell millions of items in what amounts to the world's biggest flea market. Todd Raker, an analyst with Credit Suisse First Boston, said, ``The biggest advantage eBay has had is the embedded base of users.' The new network ``basically offers a real threat because it will compile a base of users that will rival the eBay user base. This definitely raises the competitive stakes,' he said. The FairMarketPlace, as the network is called, will provide the software and will host the behind-the-scenes network that will allow participating companies and individuals to offer goods for auction across a network of sites. ``We're not directly taking them on,' Randall said of eBay. ``Rather than forcing a user to go to an auction, we're bringing the auction to where the users are.' The network is to be unveiled Monday, but an auction link from Microsoft's MSN Web site to FairMarketPlace began operating Friday at auctions.msn.com. Other network participants include ExciteAtHome Inc. (Nasdaq:ATHM - news), an Internet network; Cyberian Outpost Inc. (Nasdaq:COOL - news), an online retailer; Boston.com, the Web site of the Boston Globe newspaper; TicketMaster Online-CitySearch Inc. (Nasdaq:TMCS - news), the ticketing and local event listing company; Fashionmall.com Inc. (Nasdaq:FASH - news); CBS Sportsline's sporting goods store, and Viacom Inc.'s (NYSE:VIA - news) VH1 music network. The new network will house all listings in the same database and allow consumers to see and bid on items up for sale -- by, for example, computer maker Dell Computer Corp. (Nasdaq:DELL - news) -- through the Lycos site. Randall said FairMarket will keep one-third of the fees generated by each transaction. Another third will go to the site through which the item was purchased, and the remaining third will go to the site that offered the product. Fees vary according to site but are usually around 2 percent. ``Really, all the new portals basically realized that this was the way it was going to shake out,' he said. Portals refer to Internet media networks like Microsoft MSN, ExciteAtHome and Lycos. ``The only way an auction site will survive out there will be to be a part of a larger network.' FairMarket has provided auction services to several of the participating companies, helping them to form their own sites, including Lycos, another leading Internet network; online publisher ZDNet (NYSE:ZDZ - news), retailer CompUSA Inc. (NYSE:CPU - news) and Dell. Jeff Bennett, vice president and general manager of electronic commerce at Lycos, said he is excited about the prospects of the FairMarketPlace and with Microsoft's and ExciteAtHome's decision to join in. ``At this stage of the game we're delighted at the inclusion of Microsoft and Excite,' Bennett said. ``We figured, why don't we just take what we've learned in building our network and integrate that into what FairMarket was offering.' Glenn