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Technology Stocks : CyberShop International, Inc. (CYSP) -- Ignore unavailable to you. Want to Upgrade?

To: AugustWest who wrote (782)	3/26/1999 10:38:00 AM
From: George Gotch	Read Replies (1) \| Respond to of 884

Ah ha ah ah this is so funny. Amazing how people get excited about this when they failed in their first venture but then again investors are cluesless or don't read the news.

To: AugustWest who wrote (782)	3/29/1999 10:58:00 AM
From: John T. Hardee	Read Replies (1) \| Respond to of 884

JERSEY CITY, N.J. (CBS.MW) -- CyberShop shares screamed 21 percent higher Friday as the company launched an online auction site called CyberShop Auctions. According to the company, the new auction site, located at auctions.cybershop.com, "complements" products already offered at its cybershop.com Web site. Targeting the outlet store idea, CyberShop Auctions offers some of the same items as cybershop.com. Online choices include famous luxury-brand merchandise from companies such as Calvin Klein, Liz Claiborne, and Polo Ralph Lauren. Additionally, household goods, jewelry and toys and more, can be purchased at discount prices. The company said the auctions open at noon and close at 5 p.m.eastern time, yet auction previews can be viewed 24 hours a day. Shares of CyberShop (CYSP) jumped 2 1/4 to close at 13 1/8. "Auctions are a natural extension of our core strategy to grow revenue and customer base by offering 'great deals on great brands.' We believe this format will enable us to attract new customers, create awareness about our product assortment and enable us to differentiate ourselves from other off-price retailers," Jeffrey Tauber, chairman and chief executive, said in a press release. In addition, Jupiter Communications, a privately-held New York-based Internet research company, said in a CyberShop press release that it expects the online auction market to increase to 6.5 million customers buying $3.2 billion in goods by 2002. As part of its "grand opening," the company said its offering a Sony Playstation Game system at a starting bid of $9 and a Donna Karan sweatshirt at $1 in addition to other merchandise. CyberShop said it will increase its product offerings over the next several weeks. Online retailer CyberShop, located in Jersey City, N.J., provides more than 40,000 products over the Web. The company also has marketing agreements with America Online (AOL) and Excite (XCIT). The deal also follows a marketing pact made earlier this month between CyberShop and Yahoo Shopping (YHOO). Janet Haney is a reporter for CBS MarketWatch.