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

To: Doug Fowler who wrote (2360)	12/6/1998 1:34:00 PM
From: Oliver & Co	Read Replies (1) \| Respond to of 4903

I may agree that eBay has the lead in personal auctions, but ONSALE leads in retail auctions. ONSL is a pioneer in closeout retailing, so that when a computer manufacturer has an extra thousand pieces needing to be sold quickly, ONSL is how is done, sold to the highest bidder. Most of their customers are small businesses and individuals.. Much of their business is on a fixed price basis, rather than through auction. Their bids are growing at more than 1/2 mil per month. They get an average of 1.1 million daily page views, and around 114k unique visitors a day. Revenues could reach $200 mil this year, and perhaps $300 mil next (CFO magazine call for $2Bill in the year 2000.) They have an agrement with Yahoo for a free, online marketplace enabling Yahoo users to buy and sell virtually anything thru auctions in the web. And all this was before ONSL went thru the roof, which brought millions more into the ONSL sites. I believe that ONSL continues to be a great long term investment, and will take the opportunity of increasing my share as the price comes down. JLL