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

To: Anaxagoras who wrote (5868)	1/15/1999 11:09:00 AM
From: Dorine Essey	Read Replies (2) \| Respond to of 8307

Anaxagoras and others, I just got this news release. hhhmmmmmmm Dorine Business Wire SECURITIES RESOLUTION ADVISORS ENTERS INTO LETTER OF INTENT TO ACQUIRE INTERNET AUCTION BUSINESS EDITORS PORT WASHINGTON, N.Y.--(BUSINESS WIRE)--JAN. 15, 1999--SECURITIES RESOLUTION ADVISORS, INC. -------------------------------------------------------------------------------- PORT WASHINGTON, N.Y.--(BUSINESS WIRE)--Jan. 15, 1999--Securities Resolution Advisors, Inc. (OTC BB: SRAD.O) ("SRAD") announces that it has entered into a Letter of Intent to acquire 100% of the issued and outstanding shares of Internet Auction, Inc., (referred to as "Auction"). Pursuant to the terms of the Letter of Intent, the parties are to have executed a definitive stock purchase agreement by Jan. 20, 1999 with an anticipated closing of February 10, 1999. Auction offers a popular person-to-person trading community on the Internet, wherein sellers list items for sale and buyers are able to browse for items which are topically arranged and bid for the item through a fully automated, easy to use online service. The website is located at www.auctioninc.com. In addition, Auction has been offered selected merchandise on an outsource fulfillment basis. Auctions' services are in competition with other Internet companies such as eBay Inc. (Nasdaq: EBAY.O), Ubid Inc. (Nasdaq: UBID.O), and Onsale Inc. (Nasdaq: ONSL.O). "Because of the explosive growth of the Internet through companies such as Yahoo Inc. (Nasdaq: YHOO.O), Netscape Inc. (Nasdaq: NSCP), and Amazon (Nasdaq: AMZN.O), the ability to acquire an established Internet company with current operations and revenues instead of beginning with just an idea, gives SRAD an important head start in developing and expanding its business strategies to take advantage of not only this country's but the world's movement toward global purchasing through the Internet," according to Mr. Dean Curry, Director of Marketing of SRAD. This acquisition will mark a new direction in SRAD's business plan, the ultimate goal of which is to enhance shareholder value. This release contains forward-looking statements with the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in the forward-looking statement and assumption upon which forward-looking statements are based are reasonable, it can give no assurance that such expectations and assumption will prove to have been correct. See the Company's Annual Report on Form 10K-KSB for additional statements concerning important factors such as demand for products, manufacturing costs, competition that could cause actual result to differ materially from the Company's expectations. --30--rc/ny* jk CONTACT: Securities Resolution Advisors Inc. Dean Curry, Director of Marketing, 1-800-501-7171 KEYWORD: NEW YORK INDUSTRY KEYWORD: BANKING INTERACTIVE/MULTIMEDIA/INTERNET COMPUTERS/ELECTRONICS COMED Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Copyright 1999, Business Wire -------------------------------------------------------------------------------- Logout / Home / Portfolio / Trading / Market Monitor / Quotes & News Research & Ideas / Customer Service / Site Map -------------------------------------------------------------------------------- © 1998 DLJdirect Inc. All Rights Reserved. Member SIPC and NASD. Trademarks of DLJ Long Term Investment Corporation.

To: Anaxagoras who wrote (5868)	1/15/1999 11:10:00 AM
From: Scott Williams98	Read Replies (2) \| Respond to of 8307

EGGS volume is very quiet this morning. One thing to note is when EGGS begins to show any strength and begins to bounce off the $24 area, there are immediately waves (15-20 trades) of "upticks" (3,500-4,900 shares each trade). I believe these "uptick" shows are short sales. Pretty amazing. It certainly keeps the stock from going up. However, if we see any real strength in the BUYING of EGGS, these short shares could propel the shares higher, sharper. Best of luck SCOTT PS. As per Investor Relations, earnings are due out "Week of Jan. 25th, after the close".