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

To: D.J.Smyth who wrote (4084)	4/15/1999 6:13:00 PM
From: Gary Wisdom	Respond to of 4903

Darrell, IMHO, I think it's a good report too. But you know how the market works. Whoever has more money and motivation will move this stock tomorrow. However, the outlook looks pretty good for the company, so I'm going to try to be optimistic. BTW, did you notice where the advertising revenue was on the financials? Was there any?

To: D.J.Smyth who wrote (4084)	4/15/1999 7:42:00 PM
From: Gary Wisdom	Read Replies (2) \| Respond to of 4903

Onsale earnings miss the mark By Kora McNaughton Staff Writer, CNET News.com April 15, 1999, 4:25 p.m. PT With one fiscal quarter of at-cost sales under Onsale's belt, CEO Jerry Kaplan declared the wholesale pricing model a success despite his company's report that it missed analysts' estimates. Early in the first quarter, the Internet retailer launched its AtCost program, in which it sells computer and software products at wholesale prices to consumers. The move was an attempt to increase revenues, although many questioned whether Onsale would be able to keep its margins up. Today Onsale went part of the way toward answering that question, reporting a net loss of $5.5 million, or 28 cents per share, wider than the consensus estimate of 27 cents per share, as reported by First Call. Revenues topped $67.8 million, up 15 percent compared with the fourth quarter's $59 million. In the same quarter last year, Onsale reported a loss of $4.2 million, or 22 cents per share, on $40.2 million in revenues. "Even with the launch of the AtCost model, our margins held steady at nine percent for the quarter," Kaplan said in a statement. Onsale said sales through its AtCost business produced 15 percent of total revenue, which "exceeded expectations," according to Kaplan. The company also has an auction site, AtAuction. Traffic to the Onsale site grew to 161,000 unique visitors per day, an increase of 16 percent compared to the previous quarter. Repeat customers accounted for 73 percent of new orders, and the average order size increased to $239 from $190, the company said.