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

To: zurdo who wrote (2858)	12/27/1998 11:59:00 AM
From: Jim Duffett	Read Replies (1) \| Respond to of 4903

Phil Leigh also says: "Analysts are keeping sales estimates low for Amazon.com and Onsale, although they could be among the biggest beneficiaries of this year's boom in Internet shopping. Leigh, who rates Onsale ''accumulate,'' said he's convinced the Mountain View, California, company that sells everything from computer goods to sports equipment through live auctions on its Web site, will get a ''significant'' boost from the strong Christmas e-tailing season on the Internet. Yet he's sticking with an estimate of $63 million to $64 million in revenue, a small increase from Onsale's $58 million in third-quarter sales. He bases his prediction on information he received from Onsale. ''I have not been encouraged to change my estimates by the company,'' " I am surprised she didn't also jump on the minimal growth implied with Leigh's revenue estimate. If he is correct, in my opinion it would be devastating to Onsale short term. I would like to know why Onsale has not encouraged him higher; whether it is a fact or just their policy not to provide that kind of guidance. I of course love the idea of a significant holiday boost, and from charting the # of bids daily before they put the kabosh on that, bids were indeed up 30+% over October.