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Technology Stocks : OnSale Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (2109)	12/1/1998 10:55:00 AM
From: eRM Solutions	Read Replies (2) \| Respond to of 4903

2 downgrades today quote.yahoo.com. These analysts amaze me, after the stock plummets 50% they downgrade based simply on valuation. Wouldn't you think they would have done this a week sooner.

To: Mohan Marette who wrote (2109)	12/1/1998 11:26:00 AM
From: D.J.Smyth	Read Replies (1) \| Respond to of 4903

Mohan <<$32 billion this year, is expected to climb to $425 billion by 2002, according to estimates from the International Data Corp. There's a more juicy statistic: Over the same time frame, IDC projects that spending by companies looking to create online businesses will soar from $211 billion to $954 billion.>> it would be embarrassing to think that ONSL, being the second most visited site relative to e-commerce (behind Amazon) wouldn't garner an increasing share of net commerce. having listened to their CEO in several earnings calls, one concludes that he's driven about e-commerce. he's much older (more seasoned?) than the average internet company CEO. ONSL trades at about 5 times sales, less than 1/4 what other commerce sites trade at, yet they're the second most visted site. we took some profit above $100, but, it would seem unnatural if it didn't get back up there given the forward looking plans mentioned by the CEO in earlier calls. guess we'll see.