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

To: MarkM who wrote (5915)	1/16/1999 10:16:00 AM
From: Avariceman	Read Replies (1) \| Respond to of 8307

In case anyone missed this in the Wall Street Journal. My read is generally positive, certainly for the long term. January 15, 1999 Egghead.com Shares Get Lift From AtHome Auction Deal By LISA BRANSTEN THE WALL STREET JOURNAL INTERACTIVE EDITION SAN FRANCISCO -- Shares of Egghead.com, the online software and hardware store, got a boost Thursday from news that it signed a deal to be an anchor tenant on the auction site being launched by cable-Internet service AtHome. In Nasdaq Stock Market trading, Egghead shares advanced 1 1/4, or 5.5%, to close at 24 on a mixed day for most Internet shares. Shares of AtHome slipped 3 1/8 to 102 5/8, also on Nasdaq. Meanwhile, the Nasdaq Composite Index fell 39.92, or 1.7%, to 2276.89 and Morgan Stanley's high-tech 35 index dropped 17.89, or 1.9%, to 931.37. Nicole Vanderbilt, an analyst at market-research firm Jupiter Communications, said the deal won't necessarily provide a windfall for Egghead, given AtHome's relatively small subscriber base. She added, however, that the deal could be beneficial in the longer term because early tenants of online sites tend to get the cheapest real-estate deals. The deal is a three-year agreement. Neither side would disclose the financial terms. AtHome is a provider of high-speed connections to the Internet primarily through cable modems, and is backed by cable heavyweights Tele-Communications Inc. and Comcast. The service has 330,000 users scattered across North America. Egghead is notable as one of the only bricks-and-mortar retailers to have completely abandoned traditional retailing in favor of a Web-only presence. Shares of the company initially spiked on enthusiasm for that move but then fell back as low as 4 5/16 in early October, before recovering on the latest round of enthusiasm for Internet retailers. Egghead's chief marketing officer, Jon Brodeur, said that although AtHome's user base was small in contrast to America Online's 15 million members, he's banking on fast growth in the high-speed service. "There's no question that what we wanted to do here was lock in on a growing market," he said. He said that one of the advantages of a high-speed service is that users of the service were more likely to conduct transactions because of the ease with which they can receive information. "We really feel that people are frustrated working with the Internet from home because of narrow bandwidth," he said. "The amount of usage of an AtHome member ... is higher and the likelihood of buying is higher" than for people who use a regular phone line. AtHome said it was actively seeking other autioneers for the new site but that Egghead and Internet Shopping Network -- the site's other anchor tenant -- would receive the most prominent play.

To: MarkM who wrote (5915)	1/16/1999 10:39:00 AM
From: Big Dog	Respond to of 8307

With no analysts coverage, perhaps the problem is not EGGS, itself, but the companies that we're compared with: thestandard.com

To: MarkM who wrote (5915)	1/17/1999 2:35:00 AM
From: SAMOA1	Read Replies (3) \| Respond to of 8307

Thanks. My prediction for next week is up, but EGGS should try to flow with the market, its silly but internet stock price is like that. If the @home announcement was earlier guarrantee the stock price would have benefited. A few more misses and people get turned off. No need to analyze EGGS, how would you analyze AMZN. I see it, but cant explain it. I have this theory that some very rich folks are trying to take price lower so they can buy or earnings are not that good and the previlaged few know it and are trading it to death or selling it. never know what the big boys are brewing.