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Technology Stocks : Egghead Computer (EGGS) -- Ignore unavailable to you. Want to Upgrade?

To: Kip518 who wrote (7759)	6/1/1999 9:52:00 AM
From: bc_mack	Respond to of 8307

Major Institutional Buying -- American Express Finl According to a Thomson report (on Netcenter), a fund called "American Express Finl" picked up 2.2 million shares (8.91%) of EGGS sometime prior to 3/31/99. Does anyone know what type of fund this is (besides one that has lost a lot of market cap on EGGS -- grin)? It appeared from the report that there was significant institutional buying of EGGS going on. I've provided the link below: thomsoninvest.netscape.com bc_mack

To: Kip518 who wrote (7759)	6/1/1999 10:15:00 AM
From: Anaxagoras	Read Replies (2) \| Respond to of 8307

FWIW, a mention of EGGS in TSC by new columnist Adam Lashinsky. thestreet.com He is talking about the familiar e-tailing concept of disintermediation. The following paragraphs let you into one person's thinking when it came to making an e-tail purchase. Anaxagoras <<I bought a snazzy Palm V last week from Egghead.com (EGGS:Nasdaq) for $362.79 plus $14.99 for shipping. For weeks Buy.com has been advertising a cheaper price, currently $342.95, but the gizmos are marked "pre/special order," so I clicked quickly to Egghead, which promises it has the product in stock. Now comes the Sunday paper with a pullout ad from Circuit City (CC:NYSE) advertising the Palm V for $449. California's 8.25% tax would be more than double what I'm paying Egghead to deliver to my home in two business days. Can Egghead make money with a sticker price 19% below Circuit City's? Can Buy.com make a go of it by not stocking products for which it advertises low, low prices? Eliminating what pre-politically-correct corporate America called the "middleman" is a force that can't be stopped. How exactly it all ends up when the dis- and re-intermediating is done is anybody's guess. >>