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

To: ChrisJP who wrote (4778)	12/22/1998 9:20:00 PM
From: brent gephart	Read Replies (1) \| Respond to of 8307

EGGS does not need COOL's coattails to go up. They have also started their own major media campaign in the television, web sites and general media. Their growth after consolidation to an all Internet company has been huge. They should grow as fast if not faster than COOL because people already know about the EGGS name from when they were a retail store chain. They also have somewhere between $50 to $60 million in cash from their sales of the stores and other consolidations. The e-commerce market place is certainly big enough for both EGGS and COOL to split it up. Remember EGGS actually did more business online last quarter than COOL did, the question is how strong will EGGS fourth quarter be given the strength in the e-commerce marketplace as exemplified by COOL's very good revenue and earnings report. Lastly, don't for get that EGGS also has the third most popular auction site on the net according to some of the reports that have been posted on SI. EGGS is really two major web sites for the price of one stock. If anything EGGS should consider taking their auction site public, after all look at UBID with a market cap of more than $1 billion, EGGS market cap is not even 40% of UBID's. Considering where all of the Internet's are trading EGGS is very undervalued and COOL is just undervalued. Remember the entire computer industry has annual revenues of something like $650 billion annually, and e-commerce on the net according to Meaker in the Barron's article could be as much as $10 Billion this Christmas. Both COOL and EGGS are the dominant players in this group. Brent