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Technology Stocks : Egghead Computer (EGGS) -- Ignore unavailable to you. Want to Upgrade?


To: Teknvstr who wrote (2978)10/20/1998 8:24:00 PM
From: Street Walker  Read Replies (2) | Respond to of 8307
 
Teknvstr ----Is this you on Yahoo? - Nice long term thoughts

>>>>They maintained their 10.9% profit margin (the best in their sector) while they completely upgraded their technology platform for "Superstore" volume. They completely financed this out of cashflow...only "burned" $4 million in cash hoarde...this is...basically a MIRACLE of good management for an emerging growth company which is now entirely digital sans bricks and mortar.

EGGS will go down in history as a Business Story to be studied by students of good management. I can't believe how clueless all these people on this board who are badmouthing the earnings report are. EGGS is fast becoming the clear leader in their space.

They managed to do 35 million in sales while upgrading and did NO advertising this past quarter. Now, that they've got the capacity technologically, they are HEAVILY advertising and initiating lead alliances.

Watch the numbers explode this quarter....$50 million or better is my guess. They are on track to do $150 million in their first 12 months as an on-line (solely) company...NO OTHER COMPANY HAS ACHIEVED THESE NUMBERS IN THEIR FIRST 12 MONTHS on the NET...NONE...not AMAZON...not ANY. Orban is executing flawlessly....Don't worry...analysts and institutional sponsorship will come with quarters like this...TRUST me....Tek <<<<<



To: Teknvstr who wrote (2978)10/20/1998 10:34:00 PM
From: Craig Rogers  Respond to of 8307
 
Teknvstr: I like your positive outlook on EGGS. Don't people know that not making money on the internet is a good sign?
Just kidding.

SEEK still hasn't made a profit, maybe by Y2k, and it's stock price is still hanging in there.

So what's the problem with EGGS?

Stock price is based on future earnings so, the future looks bright.

I think the sell off today was typical, before earnings lately, and considering the big run up yesterday.

I think it bounces tomorrow.

Craig