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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Nevada who wrote (5451)	1/6/1999 11:20:00 AM
From: Mr_X	Read Replies (1) \| Respond to of 18998

Check this out. 7. Internet Liquidators Liquidation sale: Everything must go Where else but on the Web could you bid against millions of shoppers for a wide range of deeply discounted products? At Internet Liquidators, shoppers participate in a real-time Dutch auction. Rather than bidding on products as prices increase, in a Dutch auction, products are sold for a specific period of time during which prices gradually drop. The longer shoppers wait, the lower the prices they'll pay. The risk, however, is that other shoppers will snap up bargains first. What's unique about Internet Liquidators is that shoppers can see current auction status information as it changes. The site continuously shows the current price on the item, the number of units remaining and the time left. Most auctions run less than an hour. A wide range of products is available, from gourmet foods to computer equipment and CD-ROM sets to athletic gear. In all, there are 20 categories of products, which are shipped in 14 to 21 days. Shoppers seeking a more traditional experience also can buy items from an online mall or a conventional top-bid auction. The site went live in the United States in July and is attracting several thousand visitors daily, according to co-founder Jeff Lymburner. The company won't discuss revenues. Lymburner, like his co-founder Paul Godin, came to the Web from a consumer electronics background. Godin got the idea when he bought something at a mall site and found it boring. Internet Liquidators, a 12-person Toronto-based company, uses an internally developed real-time transaction engine to manage the site. Company officials said the software, running mainly on Digital Equipment Corp. Alpha hardware, can handle hundreds of simultaneous transactions.