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Technology Stocks : Multiple Zones (MZON) -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (177)	12/23/1998 11:16:00 PM
From: h.l. meeks	Read Replies (1) \| Respond to of 475

Anthony: On a percentage basis, MZON's one-day gains represent what it took a week for UBID to do. This one's is highly vulnerable to profit taking. I've never seen a one-day candle like MZON, that didn't selloff the next day. If you know of one please point it out. And hey-the news is out, and getting stale. We're reaching the fever pitch of the mania--the dogs are barking. I'm sure a "pro-short" like yourself knows what happens after that. Going to get short after the first rally tomorrow.

To: Anthony@Pacific who wrote (177)	12/24/1998 2:38:00 AM
From: Doug Fowler	Read Replies (2) \| Respond to of 475

Anthony: You are comparing apples to oranges. More than 90 percent of MZON's sales are from classic mail order (like PC Connection, MicroWarehouse, etc.) As such, their price to sales ratios have typically been far less than 1. (Example: PC Connection has had about $700M in last 12 months sales, but has a market cap of about $230M, or a price/sales ratio of about 0.33.) MZON is just now getting into online auctions, and thus their revenues from online auctions are very low. Therefore, to try to compare them to eBay and OnSale, whose sales are all online/auction based, would be a big mistake. MZON is much MORE like PCCC and much LESS like EBAY or ONSL. Of course, with the run-up in Mall (via UBID) and MZON, we should look to PC Connection and MicroWarehouse to make announcements about entering the auction fray.