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Technology Stocks : ITURF Inc. ( NASDAQ:TURF ) -- Ignore unavailable to you. Want to Upgrade?

To: Big Dog who wrote (595)	12/29/1999 6:02:00 PM
From: Big Dog	Read Replies (1) \| Respond to of 614

Sure would be nice for those still holding iTurf to get a little news like this. EGGS went up over 100% intra-day: Egghead.com Named Top Ten E-Commerce Site by Media Metrix Also Grows To Top 10 Largest Reseller Serviced By Distributor Tech Data MENLO PARK, Calif.--(BUSINESS WIRE)--Dec. 29, 1999 --Egghead.com, Inc. (Nasdaq:EGGS - news), a leading Internet retailer, is among the top ten e-commerce sites for the week ending December 19, 1999, according to Media Metrix, with over 1.1 million estimated unique visitors for the week. It was also the sixth largest audience gainer for the week, rising forty-two percent compared to the previous three weeks. ``These increases in our traffic as measured by Media Metrix are further confirmation of the success of our merger with Onsale, and demonstrate broad acceptance of the Egghead.com name as a top brand among Internet retailers,' said Jerry Kaplan, Egghead.com's CEO. ``Our audience, the small-to-medium business buyer and home office customer, is substantially less seasonal in its buying behavior than consumers, who buy toys, books and music during the holidays.' Pre-merger, Onsale customers spent an average of $765 in their first year, with the top 10% averaging $3,950. ``It would take a lot of toys, books, and CDs, to reach this level of customer spending,' Kaplan noted. With this increase in traffic, Egghead.com has become more than an online technology store, but also a destination where technology buyers learn about, compare, and select the products they need to run their businesses. As a result, nearly half of the company's gross profit now comes from sources other than product sales - such as sales of advertising, and affiliate revenue-generating agreements. ``This means that Egghead.com has become a destination site for technology buyers, and is successfully monetizing this audience beyond product sales,' Kaplan said. In a related announcement, Egghead.com noted that it has grown to be in the top 10 highest revenue resellers, of Tech Data Corporation. ``Since completing our merger, over 60 percent of our sales have been `virtual,' meaning that we take no inventory risk nor incur handling costs on these orders,' Kaplan added. ``Our growing use of nationwide distributors permits us to leverage their resources to better service our customers while keeping costs down.' (a) All Media Metrix data from Media Metrix December 1999 Top Ecommerce Gainers Report.