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

To: donkeyman who wrote (213)	11/18/1999 10:46:00 PM
From: blankmind	Respond to of 306

my fault. each adr = 5 of the euro shares. hence to have the 5.6 million adrs, there are 28 million euro shares backing them up to do the 1 adr = 5 london share math. only 22 million adr shares (if all shares were adr), and qxl value remains under 850 million. of course it is more than shares (tiny foat compared to others) where qxl float is amongst 3 countries, but also the model and growth qxl is showing. i agree with you, it is crazy how almost no none flipped their shares and how we were able to pick them up at ipo price. go figure.

To: donkeyman who wrote (213)	11/19/1999 1:27:00 AM
From: blankmind	Read Replies (1) \| Respond to of 306

European Net companies have leg up on U.S. peers European Internet companies will be more successful in Europe than their U.S. counterparts because they have the crucial advantage of local knowledge. So said Mark Odendall, head of Credit Suisse First Boston's European technology group. He said that although U.S. companies bring capital, it is more important to have knowledge of the local market. For instance, CSFB sees U.K. online auction house QXL.com PLC (QXLC: news, msgs) as more successful in Europe than U.S. rival Ebay Inc. (EBAY: news, msgs). Local knowledge is also the reason why America Online is "far, far behind" Freeserve PLC (FREE: news, msgs) in the U.K. he said. To succeed in Europe, companies need local content, local customer services, and local management, Odendall said. They must understand what consumers in Europe want. "AOL (AOL: news, msgs), Yahoo (YHOO: news, msgs), Lycos (LCOS: news, msgs), and Amazon.com (AMZN: news, msgs) are all present but flagging in Europe," he said. The Net companies that will be the winners in Europe need a huge target market, a compelling product, a great business model, attractive expansion opportunities and a competent and experienced management team, Odendall said. "We saw this with QXL and Freeserve," Odendall said. CSFB helped bring the two U.K.-based companies to the market. cbs.marketwatch.com