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To: H James Morris who wrote (79625)	10/5/1999 10:15:00 AM
From: Bill Harmond	Respond to of 164684

I know Cymer is.

To: H James Morris who wrote (79625)	10/5/1999 9:01:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

James, Here is your next IPO<G> "INTERVIEW-Sweden firm starts mobile phone Web auction By Paul de Bendern STOCKHOLM, Oct 5 (Reuters) - Auctions companies have taken the Internet by storm, but a Swedish Web firm said on Tuesday it has created a new niche by adding the service to mobile phones. Sweden's Bidlet AB, one of the Nordic region's few Internet auction firms, will launch a mobile phone service in late October in Sweden, and in other European countries before the end of the year. "We plan to expand our Internet auction concept into the whole of Europe," Bidlet business development head Tor Jorgensborg told Reuters in an interview. "Mobile phone users will also be able to bid on the Web and it will be a success." Bidlet was currently testing the mobile phone auction service using WAP (Wireless Application Protocol) technology, which shrinks Internet pages to fit small mobile phone screens. The launch of Bidlet's service coincides with the arrival of the first WAP-based handsets in stores this month, with Finnish telecoms giant Nokia <NOK1V.HE> leading the way. To fund Bidlet's European expansion, the privately owned firm will raise 200-500 million crowns ($24.60-61.50 million) in 2000, privately or publically. "We plan to list within two years," Jorgensborg said. "We're eyeing a UK, German, Stockholm or a Nasdaq listing." Several Swedish online firms, gearing up for European expansion, are eyeing foreign listings to gain a higher market value than in Sweden. Bidlet, which is not profitable, said it expected monthly sales to reach nine million crowns in December, totalling 100 million for the 12 months ending next July. "We plan to grow 100 percent in sales each quarter," Jorgensborg said. Bidlet (www.bidlet.se) was signing strategic deals with Internet companies, TV networks and newspapers in Europe as part of its branding strategy, Jorgensborg said. BIDLET'S UNIQUE AUCTION SITES The firm will launch auction sites in France and Germany and other European sites to cater for WAP mobile phone services. Bidlet said that unlike big competitors such as Yahoo! <YHOO.O>, eBay Inc <EBAY.O> and Amazon.com <AMZN.> it was focused more on auctioning new products bought from suppliers and manufacturers rather than sales where consumers could auction second-hand goods. "If you look at eBay's concept it's a consumer-to-consumer concept," Jorgensborg said. "Bidlet's is business-to-consumer." He said all the goods auctioned by Bidlet had a starting bid price of one Swedish crown, so if only one person placed a bid for the product it would be sold for one crown, even if it was an expensive TV. Bidlet, which also conducts traditional Internet consumer-to-consumer auctions of electronics and household goods, art and travel, as well as toys, sport equipment and jewellery on the Web, would continue to expand this service too. Jorgensborg said almost 30,000 people visited the Swedish site each day, with 250-300 products sold each day. ($1=8.130 Swedish Crown) REUTERS Rtr 12:51 10-05-99 "