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

To: bc_mack who wrote (3981)	11/28/1998 10:43:00 PM
From: Barry A. Watzman	Respond to of 8307

Interesting thing about the auctions, sometimes they are auctions, sometimes they are just sales in disguise. Take the Dragon Naturally speaking preferred. They've been selling it for $49.95 for about 6 weeks, in various places. Now it's on the auction, 4,000 copies at $39.95 minimum bid. Guess what ? They won't get 4,000 bids, everyone who bids $39.95 will get it at that price. And they know it. This is not an auction, it's just a sale at $39.95 [except for a few stupid jerks who bid more than $39.95, and sometimes it amazes me at what I see on the auction sites, all of them, not just EGGS]. By the way, I bid for one copy. And anyone buying it should know that it is version 2, and version 3 is out. Now, all of that said, this might be REALLY SMART marketing, but that depends on how much EGGS has in these products, or on what the terms of the consignment are [it's possible that EGGS doesn't even own the inventory, that it's a consignment directly with either Dragon themselves or one of their distributors, EGGS makes the sale and gets a commission, but the inventory is actually owned by someone else]. So many questions about this business model, so few answers.