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

To: Jim Duffett who wrote (3481)1/19/1999 12:57:00 PM
From: sam  Read Replies (1) | Respond to of 4903
 
ONSALE Inc. (ONSL) 50 15/16 -7 3/4: Adams Harkness maintains "market perform" but lowers estimate on online retailer as company has
been unable to procure sufficient quantities of computers; company reported Q4 revenues of $59 mln, below estimate of $66 mln; company embarking on a new business model, in which consumers can purchase new computers and accessories at wholesale prices; expects gross margins to drop to 7.5% and losses are expected to continue through the first half of next year; lowers FY99 EPS from net of $0.03 on revenues of $333 mln to loss of $0.90 a share on revenues of $411 mln....

Per Briefing.com



To: Jim Duffett who wrote (3481)1/20/1999 1:30:00 AM
From: Doug Fowler  Read Replies (2) | Respond to of 4903
 
Jim:

I don't understand why you would think that Onsale shouldn't have gotten a big boost at Christmas.

When eBay reports next week, you will see a 40 to 50 percent sequential growth rate, compared to Onsale's 4 percent sequential growth.

Look at Intel and Microsoft. Lots more computers sold this quarter over the previous quarter.

The fact that Onsale did not "rise with the tide" bodes very poorly for them.



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