In the market for computer products?
Published:
20 January 1999 y., Wednesday
Internet auctioneer Onsale announced Tuesday it can get it for you wholesale.
The Internet retailer announced an advertising-supported program for selling
computer products at wholesale prices, in a move likely to accelerate the plunge in
personal-computer pricing. Existing retailers who rely on profit markups also may come under enormous pressure as a result of the move. Even Onsale acknowledged that the wholesale-pricing program "may entail some unpredictable cannibalization of the
existing online auction business," the company said in a statement. The Menlo Park, California, company also reported a fourth-quarter loss, in line with Wall Street_s expectations, but said profit
margins have been narrowing. Shares of Onsale fell US$6.25, or nearly 12 percent, to $52.19 by late morning in active Nasdaq trading...
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Most EU countries continue to meet deadlines for incorporating single market rules into national law, contributing to economic growth and job creation.
more »
Japanese officials unveil their new bullet train, capable of travelling at speeds of 320 km per hour (198 miles per hour).
more »
The first International Security Technology Exhibition, KIPS 2011, will be held on 23-26 February 2011 in Kiev (Ukraine). The motto of the exhibition is ‘There can never be too much security!’
more »
The world's highest restaurant opens in Dubai, United Arab Emirates, located 400 metres above ground in Burj Khalifa, the world's tallest tower.
more »
The rights of consumers will be clarified and updated, whether they shop at a local store or buy goods on line, under new EU rules as amended by the Internal Market Committee on Tuesday.
more »
MEPs on Wednesday gave their green light for the Council to conclude an Interim Economic Partnership Agreement with Papua New Guinea and Fiji, two countries of the Pacific Region with significant exports to the EU.
more »
Report sets 10 priorities for tackling the bloc's main economic challenges, launching the first ever ‘European semester'.
more »
China's first capsule hotel ready to open its doors in Shanghai, aims to capture slice of booming leisure budget travel market.
more »
Declaration by Michel Barnier on the start of three new authorities for supervision.
more »
On 1 January, Estonia adopted the euro as its official currency and the changeover is running smoothly and according to plan.
more »