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Technology Stocks : QXL.Com (QXLC) - euro ebay? -- Ignore unavailable to you. Want to Upgrade?

To: blankmind who wrote (133)	11/8/1999 1:47:00 PM
From: donkeyman	Read Replies (1) \| Respond to of 306

Blankmind: I was a whole year looking for some other company involved in customer-to-customer auction, eBay was too expensive. When I first saw QXL.com and read the Sunday London Times and the Register, both reported the stock would have an evaluation of 750 million British Pounds. I figured I would have to pay about US$55/share for QXLC. So thank God the conservative British kicked in and the market went down during the same week of the launch. Everyone got a crack at this stock at US$16.00/share because the British system geared it that way allowing only so many shares per person in the UK. EBay was the first Internet company to show a profit and QXL.com is in the eBay business so it won't take long before they'll show a profit. QXL.com has the ace of aces in the hole. They're tied in solid with BBC-Worldwide Antique Roadshow - and their team of respected experts. Everything is Europe has antiques and, for sure, photos will be taken at every angle of their stuff and shipped into QXL.com to have it priced and hopefully Auctioned on QXL. That alone will ensure them a solid base in person-to-person auction Subscribers. I don't know what's going to be in their first financials, but I'd say it's no worse than the rest of the Internet companies that's spending money like crazy to have their names become a household word. keep in mind QXL has lots of money in the bank from their IPO of last month, they have the CASH $$$$.