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Technology Stocks : UBID - an IPO spinoff of Creative Computers -- Ignore unavailable to you. Want to Upgrade?

To: Kip518 who wrote (420)	1/22/1999 3:32:00 PM
From: SHGLaw	Respond to of 581

Well, nice to see uBid trading up along with the other beaten down inets. Guess the "we hate nutz" paranoia is over for a little while, though no doubt it will be back. Good news for uBid is that it comes before earnings release before the bell Monday. With the new turn in the atmosphere, and the gloom off Greenspan's thorn, the market should be ripe to hear some good news and start moving these guys back up. Watch for the same volitility that brought 'em down to push 'em back, as everybody who missed (or made) the boat last time climb aboard for the next big run-up. It doesn't matter how they bad mouth the inets, the day the market turns back to them, everybody wants a piece because they know that there is no where else that they will get the bang for the buck that they get here. Only a jerk misses the boat over and over again, even if he lacks the vision to explain it. SHG

To: Kip518 who wrote (420)	1/22/1999 5:09:00 PM
From: Clarksterh	Read Replies (1) \| Respond to of 581

Kip - Although I agree that most of the internets are overpriced, they are not as overpriced as it may at first seem. One of the common ways to price normal companies is to look at their P/S with P=current price, and sales= run-rate sales in 1 year. Up until early December (many were claiming even then that the inets were outrageously priced) many of the 2nd tier inets had reasonable P/S looking only 5Q out based on a continuation of their historical growth rates. I'll admit that the leaders are now very optimistically priced out maybe 12 Q or so, but UBID and MALL are still pretty reasonable as UBID is priced at between 4 and 5 Q out even when being conservative with growth rates (2.0x this Q, 1.7x, 1.6x, 1.45x, 1.35x) Clark