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

To: Anaxagoras who wrote (5844)	1/14/1999 5:26:00 PM
From: Buzz Lightyear	Read Replies (4) \| Respond to of 8307

I'm showing a 14k block at @ 4:26 for $25 1/8. Who would make a buy like that with the stock trading this afternoon in the in the high $23 range? BTW You have to like this quote. "Egghead.com's auction revenues make it one of the largest on-line auction sites." @Home Network Teams with Egghead.com and ISN to Create Broadband Auction Destination REDWOOD CITY, Calif., January 14, 1999 - In a move designed to drive real-time auctions to its high-speed users, @Home Network, today announced agreements with two leading Internet e-commerce sites specializing in online auctions Egghead.com, Inc. and Internet Shopping Network's First Auction. The companies will anchor the newly created auction category on the @Home Service. Jupiter Communications estimates that sales of merchandise via online auctions will grow to $3.2 billion in 2002. In addition, the number of online users that make these purchases via auction are estimated to grow from 1.2 million in 1998 to 6.6 million users in 2002. "Having witnessed the growing usage and popularity of online auctions, we believe our agreements with Egghead.com and First Auction will be vital components in delivering a compelling shopping experience to our customers," said Charles Moldow, vice president, @Media sales and marketing, @Home Network. "@Home's high- speed network and "always-on" capabilities, coupled with our partner's vast and diverse selection of consumer goods, will provide @Home subscribers with an unparalleled solution for finding superb online values." Egghead.com's Auction and ISN's First Auction sites will be anchor tenants in the new auction category on the @Home Shopping Channel. @Home's "always-on" connection eliminates the lengthy dial-up process, enabling bidders to continuously monitor the status of their bids and react quickly to price changes. The auction companies will also benefit from @Home's recent acquisition of Narrative Communications, whose Enliven technology enables auctioneers to drive impulse purchases through product advertisements that contain real-time bids. Additionally, users also will have direct access to Egghead.com's auction site and First Auction's services through contextual links in @Home's editorial content. Egghead.com is a leading Internet-based discount retailer of a wide variety of products including computers, software, consumer electronics, small household appliances and jewelry. Egghead.com's auction revenues make it one of the largest on-line auction sites. Visitors to Egghead.com can also order merchandise in category-specific superstores, like Egghead Computer, Egghead Software and the Surplus Direct liquidation center. "The agreement with @Home Network is an important extension of our services," said Jon Brodeur, Chief Marketing Officer of Egghead.com. " Leveraging the power of cable, we will be able to create one of the most unique shopping experiences available on the Web today."