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Technology Stocks : Buying IPOs on the open market -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Jordan who wrote (3129)	10/14/1999 3:33:00 PM
From: Jeff Jordan	Read Replies (1) \| Respond to of 5529

bot IGOC 13 1/2 I noticed IGOC coming back to my target..still undecided... 1mil shares traded...may not be ready to move up yet.. Company Description iGo is a leading provider of hard-to-find, model-specific accessories and services for mobile electronic devices. Through our iGo.com website and customer solutions representatives, we enable businesses and individual consumers to efficiently identify, locate and purchase these products and services. Our proprietary relational databases of over 6,500 products from more than 350 suppliers, combined with our comprehensive industry knowledge and service expertise, create a valuable one-stop solution for our customers. We believe that our unique business model offers significant benefits to mobile device manufacturers, business enterprises, mobile professionals and other people on the go. We provide a compelling electronic commerce solution for the highly fragmented portable computing and mobile communications marketplace by utilizing the convenience and functionality of the Internet. Our business combines the following key elements: . our proprietary product, supplier and compatibility databases; . our use of search technology to simplify the ordering process; . our capability to rapidly ship business-critical orders; . our focus on a high repeat purchase and replacement market; and . our ability to offer customized solutions for corporate customers. As a result of these factors, we have rapidly grown our net revenues and our customer database, maintained high gross margins and established a leading online destination to serve our market. From 1995 to 1998, our net revenues increased at an annual growth rate of more than 90%. Our gross margins grew from 32% for the six months ended June 30, 1998 to 35% for the six months ended June 30, 1999. Our customer database includes profiles of over 525,000 mobile users and detailed transaction histories on over 150,000 buyers. Approximately 50% of the Fortune 500 have purchased products or services from us. In addition, we have developed strategic relationships with key business partners such as Ariba, Motorola and NEC. Mobile Product Marketplace The use of portable computers and mobile communications devices has grown rapidly due to infrastructure and hardware improvements, which have simplified use, increased portability and reduced equipment and cellular airtime cost. Busy professionals and other time-constrained people are increasingly incorporating these devices into their daily lives. As a result, businesses and individuals are willing to spend more on mobile electronic devices, accessories and services to increase productivity and add flexibility. The Internet has become an attractive channel to reach users of laptops, cellular phones, personal digital assistants and other mobile electronic devices. This is primarily due to the broad reach of the Internet, its useful search functionality and the substantial demographic overlap between mobile product users and Internet users. The marketplace for mobile devices, accessories and batteries is not well served by traditional channels, which include mobile device manufacturers, traditional retailers and large mail-order companies, who are typically more focused on selling the newest "big ticket" products such as desktop computers, laptops and printers. Most mobile accessories and batteries are brand and model-specific and this lack of standardization creates a complex customer service problem that cannot easily be solved by traditional industry participants. Moreover, unlike the personal computer, book and music markets, there is no major distributor that carries even a fraction of the products needed to provide a comprehensive solution for the mobile product marketplace. Our Strategy Our mission is to provide solutions that give people freedom and flexibility over their lives and increase their business productivity. Our strategy is to continue to offer a comprehensive Internet-based solution that provides significant benefits to all participants in the mobile product marketplace, including manufacturers, business enterprises, mobile professionals and other people on the go. Our goal is to be the leading one-stop solution for the mobile product marketplace, and to reach this goal, we plan to: . aggressively build the iGo brand; . improve the iGo.com shopping experience; . enhance our proprietary databases; . focus on the corporate market; . pursue international opportunities; and . pursue strategic acquisitions and alliances.