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

To: Dorine Essey who wrote (3984)	11/28/1998 11:34:00 AM
From: Estephen	Read Replies (4) \| Respond to of 8307

Thread.. from the street.com.. Silicon Saturday: Egghead.com, Cytyc, Metricom By Laure Edwards Special to TheStreet.com 11/28/98 12:15 AM ET A selection of some of the most intriguing tech stock ideas on the Web. The items presented do not represent the views of TheStreet.com; rather, the collection is offered as a service to our members who may be scanning the Web for stock-related information. Egghead.com Steve Harmon (11/23) Egghead.com (EGGS:Nasdaq) has made the transition from brick and mortar to virtual space, but it has yet to produce any golden eggs, says Internet stock analyst Steve Harmon. Egghead's loss for its latest quarter rose to $7.2 million from $4.9 million in the year-ago period, reflecting its "startup-like" status in converting to a virtual retailer. Harmon forecasts 1999 revenue of $195 million (vs. $140 million for 1998), in which case the stock trades at about 1.6 times next year's revenues vs. a multiple of 5 to 10 for other Internet retailers. Harmon is not as enthusiastic about the company's bid to sell noncomputer and nonsoftware items, such as sporting goods. "We applaud Egghead's move to ... Internet commerce," says Harmon, "but give it a thumbs down on trying to be a general purpose e-tailer." More information can be found at: www.internetnews.com Cytyc