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Technology Stocks ( SQST )
An SI Board Since November 1999
Posts SubjectMarks Bans Symbol
48 0 0 SQST
Emcee:  Grandk Type:  Unmoderated
The original thread Started By: HiSpeed
Date: Oct 26 1999 6:50PM, Inc.

5151 McCrimmon Pkwy. Ste. 208
Morrisville, NC 27560 (Map)
Phone: 919-659-2100
Fax: 919-659-2199
Toll Free: 800-233-1121

Scientists bent on world domination can speed up their
plans by shopping online at The company
sells lab equipment over the Internet for academic,
biotechnology, chemical, clinical, industrial, and
pharmaceutical scientists. offers access to
more than 550,000 products from more than 8,000
suppliers. Its Web sites allow purchasing managers and
suppliers to track orders and search for the best price
available at or elsewhere. SciQuest also
provides suppliers' used and surplus equipment at a
discount and runs online auctions. Investors include Trinity
Ventures (12.4%), Bessemer Venture Partners (9.7%),
Noro-Moseley Partners (9.1%), and ABS Capital Partners

Top Competitors
Chemdex | Fisher Scientific | VerticalNet

Donaldson Lufkin
Deutsche Alex Brown
Hambrecht & Quist
DLJ Direct
E*Offering Corp

This is an excerpt from their website:

SciQuest was created in November 1995 to leverage emerging Internet technologies to streamline the purchasing of scientific products. Scott Andrews, Bobby Feigler, Peyton Anderson, and Keith Gunter drew upon their years of sales and management experience to develop a comprehensive sourcing tool based on a powerful search engine and online database.

As sales professionals for Baxter Scientific Products, Andrews and Feigler witnessed almost daily the purchasing frustrations and wasted time and energy experienced by scientists and researchers. In addition to the hours spent probing paper catalogs, more valuable time slipped by requesting, receiving, and reviewing supplier, product, and availability information by phone and fax. Once compiled, a major order often involved several suppliers which meant more hassles and more time wasted. Nightmarish situations were common when scientists needed unusual or obscure products. Large orders for similar and interchangeable products could be lost to another supplier simply because a scientist didn't want to, or couldn't, wait on hold for a customer service rep.

Recognizing a critical need in the scientific products marketplace for the swift and accurate electronic exchange of product information, Andrews and Feigler joined forces with Anderson and Gunter to establish After taking a formal survey of their new web site's intended audience, the four founders knew they were on the right track. As evidenced by a run on SciQuest's booth at Pittcon in March 1996, pent-up demand for a better purchasing system was reaching critical mass.

In the first year, the two primary challenges for the founders were:

raise awareness with suppliers and
pinpoint the buying behaviors of their customers, especially pitfalls, time-wasters, and areas needing improvement.
Based on their research, SciQuest launched the online Buyer's Guide in June 1996 by offering a comprehensive sourcing database and the smart SciMail email system. Since launch, the site has refined itself and improved the buying process for thousands of scientists and researchers in the pharmaceutical, biotechnology, university, and industrial markets.

In early 1999, the company name was changed from SciQuest to to more accurately reflect the founders' mission to leverage Internet technologies and streamline the purchasing of scientific merchandise. Also in early 1999 launched its e-commerce marketplace and order processing systems.

The imagination of the four founders, their industry experience, and their solid business management skills have led to its current position as the one-stop Internet source for scientific products.
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48Nice to know I'm not the only one watching! If this can get back over two bSelvin Sonken-12/31/2001
47Hi Selvin; I let this one drop form my radar screen thanks for the wake up call,James F. Hopkins-12/31/2001
46Anyone alive out there??? It has been five months since anyone posted on this sSelvin Sonken-12/27/2001
45I haven't been following her lately , what I see is a law suite that could James F. Hopkins-8/10/2001
44Should be doing alot better than they are.If they can stay alive, not sure why thoyasaxa-8/9/2001
43James, Are you or anyone else still following SciQuest? Living in Raleigh, NC PO Stahl-8/9/2001
42It's what they call a flag.. and most flags will drop to half mast , sqst isJames F. Hopkins-2/1/2001
41Any idea what happened yesterday? SQST shot up to around 4-1/2. Now it appearsblueice26-2/1/2001
40I didn't buy very much but I have intention to add more in about a week. JiJames F. Hopkins-1/16/2001
39Thanks, Jim. I'm still holding. All I have now is time. (Where I once hadblueice26-1/16/2001
38Blue; If your still holding, hold on..1st resistance is at $5 next at $9 next atJames F. Hopkins-1/12/2001
37Is anyone paying attention to SQST anymore? I'm still holding what I boughtblueice26-10/12/2000
36I've been keeping an eye on this stock for a couple of months and, with the blueice26-7/28/2000
35chart looking good for 18 maybe more--bought at 12 3/4 holding into earningscool-7/16/2000
34SQST--still hanging with it. CrayCrayUSA-7/2/2000
33 SQST--picked up some this morning. CrayCrayUSA-6/22/2000
32 trading for cash or close enough, 5$ ps, in for a dead cat bounce and possible ogod-5/29/2000
31 In a nutshell people are now saying.. despite an ability to deliver a service tjim-4/2/2000
30 SQST--> is First Scientific Business to Sign on With Commerce One MarketSit2MAR$-1/20/2000
29 SQST announces major deal to supply Merck scientists. Could be the best deal yphil davidson-1/13/2000
28 I personally think that the selling is not so much fear of interest rate hikesphil davidson-1/4/2000
27 Its coming back up. Expect it to be volatile. A couple of mentions over the weeioioioi-1/3/2000
26 Yow! 20 point drop!Stock Puppy-1/3/2000
25 We are getting awfully close to that $100. target. Will H & Q lift it? Hphil davidson-12/27/1999
24 evidently the information on YHOO is wrong .....sorry for the previous post....tpboxster-12/22/1999
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