 |
 | |
 |  |
| We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level. |
uBid Inc. (NASDAQ: UBID) will be going IPO soon and recently reported quarterly revenues of $15.3 million. Compare that to eBay's recently reported quarterly revenue of $12.9, uBid seems to have tremendous potential. uBid has maintained a sequential revenue growth from its inception last year. December 31, 1997 March 31, 1998 June 30, 1998 September 30 1998 (Revenue) $9k $2.0 mil $6.8 mil $15.3 mil Furthermore, uBid has a similar business model to that of eBay as both companies auction their merchandise to bidders on the Internet. However, the key difference is that uBid auctions guarantee that the highest bidders will complete the transaction whereas in the eBay business model, one side may decide to break their word and cancel their high bid. Also, uBid offers warranty and extended warranty on their merchandise. This gives uBid the ability to give the users and visitors the complete customer satisfication. Many users may become frustrated with the eBay business model since there are no guarantees that both sides will follow through with the transaction. The uBid business model give customers more of an incentive to purchase goods on their web site since there are warranties and a guarantee that uBid will not cancel their side of the bargain. uBid also announced that they are now receiving more than 2 million visits per month on their web site (http://www.ubid.com). Lastly, uBid is currently owned wholly by Creative Computers (NASDAQ: MALL). 6 months after the IPO of UBID, MALL will issue its remaining ownership of UBID to its shareholders through a tax-free spin-off. It may be a good idea to buy shares of Creative Computers (NASDAQ: MALL) since each share of MALL will translate to 0.8 shares of uBid when the spin-off occurs. Proposed ticker: UBID Exchange: Nasdaq Proposed offer price: $12.00 to $14.00 Shares offered (mil.): 1.580 Post-offering shares (mil.): 8.909 Offering amount(mil.): $20.5 Underwriters: Merrill Lynch & Co.; William Blair & Company -Kenneth | ||||||||||||||
|
| Home | Hot | SubjectMarks | PeopleMarks | Keepers | Settings |
| Terms Of Use | Contact Us | Copyright/IP Policy | Privacy Policy | About Us | FAQ | Advertise on SI |
| © 2024 Knight Sac Media. Data provided by Twelve Data, Alpha Vantage, and CityFALCON News |