Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Creative Computers(MALL) -- Ignore unavailable to you. Want to Upgrade?

To: Baghul who wrote (323)	11/19/1998 11:55:00 PM
From: Tom Hua	Read Replies (1) \| Respond to of 1634

Baghul, I have to laugh at the constant comparison of UBID with EBAY. The fact of the matter is they're apples and oranges. Anybody can see that UBID's business is very similar to ONSL and EGGS. UBID competes with ONSL and EGGS, it doesn't compete with EBAY. Either the longs are completely blinded by their wishful thinking, or someone is trying to do a hype job here. Despite recent gains, both ONSL and EGGS are trading at 2 times sales, annualized based on latest quarter results. UBID's annualized sales is $60 MM, again using the latest quarter data. Two times that gives UBID a market cap of $120 MM, divided by 8.9 MM shares outstanding after the offering and you get $13.5/share. In the revised IPO filing yesterday, the projected offering price to the public is $13-$14. Bingo!! Regards, Tom