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Technology Stocks : ECEC (formerly USSP) -- Ignore unavailable to you. Want to Upgrade?

To: Jim Spitz who wrote (163)	4/14/1999 2:27:00 PM
From: Sir Auric Goldfinger	Read Replies (2) \| Respond to of 361

Great, nice investment theory. It's trash and NFW does it deserve a $220 M market cap. NFW!

To: Jim Spitz who wrote (163)	4/14/1999 2:32:00 PM
From: Buoy12	Respond to of 361

BUSINESS Published Wednesday, April 14, 1999, in the Miami Herald eCom eCom.com shares take off despite lack of earnings By JAMES McNAIR Herald Business Writer It has no earnings, barely any sales, and analysts pay no attention to it. But it does have an exciting new Web site and a catchy name, and because of that, the shares of eCom eCom.com in Riviera Beach are soaring. On Tuesday, eCom eCom.com's stock was the 18th-biggest gainer on all of Wall Street, closing at $16.62 1/2, up $7.37 1/2, or 80 percent. What was all the commotion about? The company announced Tuesday it has signed a deal with Webnet-Marketing to promote eCom eCom.com's new Web site (ecomecom.com) on Internet places like Yahoo, Lycos and Excite. The Web site consists of an online auction between registered sellers and buyers, similar to eBay except that sellers eventually have to pay a $36 annual fee. It also contains a link to a sister Web site called Swap and Shop. And visitors can register for a $10,000 cash drawing if they're willing to give their name, address and e-mail address. Beyond that, there's not much more to say about the company, which used to be known as U.S. Amateur Sports. According to a filing with the Securities and Exchange Commission, eCom eCom.com racked up $53,986 in revenue and a $122,482 loss during the quarter ended Nov. 30. The revenue came entirely from the sale of its Viper M1 line of paintball markers and accessories. David Panaia, chief executive at eCom eCom.com, did not return the Herald's phone call Tuesday. Shares of eCom eCom.com, quoted on the Nasdaq Electronic Bulletin Board, drifted lazily below $2 until April 6. That's when the company announced that it had hired a consulting firm to ''formulate and implement'' marketing initiatives for the Internet. Investors made a mad dash, nearly tripling the stock price in one day. Mal Berko, an Advest Inc. vice president in Boca Raton, said the rapid ascent in eCom eCom.com's stock price is more evidence of the gambling going on in the stock market. ''This type of stuff just rankles me,'' Berko said. ''What you're looking at here is a slobbering over Internet stocks by the national media, which causes a slobbering by the investment community. ''Designing a Web page takes as much as greasing a pole,'' he said. Contact Us Copyright 1999 Miami Herald