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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: Dave who wrote (32469)	12/22/1998 2:49:00 PM
From: Tokyo VD	Respond to of 119973

Dave, Maybe you are right. This was a Bloomberg story yesterday: Ubid Now Worth More Than Twice Parent as Its Stock Surges 12/21/98 22:40 Ubid Now Worth More Than Twice Parent as Its Stock Surges Elk Grove Village, Illinois, Dec. 21 (Bloomberg) -- Ubid Inc., an online auctioneer, closed today with a market capitalization more than twice that of its parent, Creative Computers Inc., which owns about 80 percent of the company. Elk Grove Village, Illinois-based Ubid rose 31, or 58 percent, to 84 1/8, as Internet stocks soared on optimism that online commerce will grow rapidly. Ubid now has a market capitalization of $749.6 million. Creative Computers, which rose 6 1/2, or 23 percent, to 35 3/8, has a market capitalization of $362.5 million. Investors' enthusiasm for Ubid reflects the extraordinary success of Ebay Inc., an online auctioneer that has risen more than 16-fold since it went public in September. Ubid went public earlier this month, more than tripling in its first day of trading. The discrepancy between the market capitalization of Ubid and Creative Computers is a puzzle. Creative Computers, a Torrance, California-based catalog seller of computer hardware and software, has risen more than eightfold since its October low of 4 3/8 as investors bid up its shares because of the Ubid offering. Even so, the company is worth about $237.2 million less than the value of its 80-percent stake in Ubid. That stake has a value of about $599.7 million at today's close. That suggests either that Creative Computers' non-Web businesses have a negative net worth of $237.2 million, Creative Computers is significantly undervalued, or that Ubid, having been bid up by investors enamored of the Internet, is overvalued. Creative Computers posted a third-quarter profit of $435,000 on revenue of $185.7 million. The company reported total liabilities of $94.4 million and assets of $142.8 million. It has short-term debt of about $3 million. --Per H. Jebsen in the New York newsroom

To: Dave who wrote (32469)	12/22/1998 2:50:00 PM
From: Rockhill	Read Replies (1) \| Respond to of 119973

SIEB may run in sympathy with the online brokerages---small float....it runs big Rockhill