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Technology Stocks : OnSale Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Richard Chow who wrote (815)	2/20/1998 9:30:00 AM
From: D.J.Smyth	Respond to of 4903

DowJones states the reason for yesterday's fall was that false rumors were circulated that ONsale CEO was resigning and 4th quarter was being restated. This was vehemently denied by Onsale. They are now looking for the party and or parties who started the rumor for possible legal.

To: Richard Chow who wrote (815)	2/21/1998 8:53:00 PM
From: Mo Chips	Respond to of 4903

There is a distinct difference between AMZN and ONSL. AMZN obviously offers books, which never get old. Do you care if you have the 10th vs the 15th printing of a Tale of Two Cities? (Other than the collector value). Most likely not. ONSL sells consumables that are end of life (about to be replaced with a newer model) or close outs of companies going under. Since ONSL is offering products at end of life and closes outs, they HAVE to buy well and sell FAST. If they can, then for the average consumer, they can offer a compelling value. A book is a book and it is harder for book retailers to under-cut each other. But ONSL has access to inventories that are not significantly lower in quality and value to the price sensitive consumer. And since they should have bought well, can offer the merchandise at a good price. And if a misinformed consumer pays too much, all the better... Mo