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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Roger A. Babb who wrote (6840)	4/13/1998 9:42:00 AM
From: poodle	Read Replies (1) \| Respond to of 18691

Roger, you are popular on SI: Message 3958853 Barbara and Craig are also on the list.

To: Roger A. Babb who wrote (6840)	4/13/1998 10:13:00 AM
From: GuitarMan	Read Replies (1) \| Respond to of 18691

Re:ONSL Short Good news for shorts: CFO leaving. This is a MAJOR RED FLAG. Friday April 10, 8:11 pm Eastern Time Company Press Release ONSALE Announces Executive Change MENLO PARK, Calif.--(BUSINESS WIRE)--April 10, 1998--ONSALE (NASDAQ:ONSL - news) today announced that John Sauerland, CFO, is leaving the company to pursue other interests. Leslie Benson, the company's Vice President/Controller, will serve as its acting CFO while the company completes a retained search for a replacement. Benson recently joined ONSALE from The Good Guys, where she was Controller. Sauerland has agreed to be available for an additional two months on a consulting basis to ensure a smooth transition process. ''I would like to thank Mr. Sauerland for his contributions to the success of the company,'' said Jerry Kaplan, Chairman and CEO. ''He was instrumental in managing our Initial Public Offering in April 1997, and our Secondary Offering in October of 1997. In addition to the traditional duties of a CFO, he established ONSALE's logistics and shipping operations, and contributed to our growth in a variety of other ways as well.'' About ONSALE ONSALE (NASDAQ:ONSL - news) is the leading electronic retailer pioneering an efficient and entertaining new distribution channel -- the interactive online auction. The company currently specializes in selling excess merchandise and services -- such as personal computers, consumer electronics, sports and fitness equipment, housewares, vacation packages, and specialty foods -- over the Internet's World Wide Web. ONSALE operates daily auctions and posts tens of thousands of items in a typical week. The Company leverages the interactivity and sense of community possible on the Internet to build an effective new sales medium that generates a high level of customer loyalty and enthusiasm. ONSALE's Web site is located at www.onsale.com. Note to Editors: ONSALE(R) is a registered trademark of ONSALE, Inc.