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| Author | Topic: Network Commerce (NWKC) |
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trendy |
posted 09-29-1999 12:28 PM
 
It's trading at about 16, up from an offering price of 12. Not great, but not terrible either. Does anyone think it was just a coincidence that Amazon launched its new merchant shops program on the same day that ShopNow.com was scheduled to go public? |
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smario |
posted 09-29-1999 10:01 AM
Priced at $12, starts trading at 11:00 EST. We shall see...I was joking with my contact last night on how ShopNow.com should change its name to ShopNow.com networks, since anything with the word Networks in it flies out of the gate, and STAY THERE. But anyway, this is my first ipo, so I'm excited regardless of what it ends up trading at. |
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smario |
posted 09-28-1999 08:53 AM
Well, i've been able to get in on the IPO price, so we will see what happens, assuming it's not postponed. Though i'm not happy that the first time I have a chance to do this, there are about a million other IPOs around the same time, and right on the heels of Ballmer's comments last week. But it shouldn't matter, unless there is a huge increase (with which I would be crazy not to take advantage of the immediate gains), i'm in it for the long haul anyway. |
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Art Vandelay |
posted 08-30-1999 03:40 PM
Mach, here's the info you're looking for: http://corporate.shopnow.com/05_1_20.htm |
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Machiavelli |
posted 08-30-1999 02:15 PM
Can anyone tell me the details regarding the ShopNow and Qwest agreement? I think this isn't that recent an agreement, they've been working together on something for awhile, I just don't know what...Thanks. |
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dude |
posted 08-20-1999 05:24 PM
I think you're right. The Yahoo/Lycos approach is different from the ShopNow approach. If I understand the business models correctly, Yahoo and Lycos are trying to help small merchants develop a presence in e-commerce by putting up little storefronts on the Yahoo or Lycos site, whereas ShopNow is trying to push people to the best e-commerce merchants who already have their own sites. It seems to me that ShopNow's strategy will be higher margin, and that it will be more successful because people will know that it's the only place they need to go for whatever they're looking for. |
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smario |
posted 08-18-1999 01:05 PM
newsman, it certainly seems like Lycos is a direct competitor (as has been Yahoo), but to tell you the truth, I usually put my faith in companies whose main expertise is their business. When I think of Lycos and Yahoo, I still think of just a plain old search engine, even though they've moved beyond that. The new shopping tool is just another business for them, whereas ShopNow.com focuses all of its energy on this business. That of course doesn't say who will ultimately have the advantage, but I really believe it counts. Also, related to how I think of the other companies, brand image is also very key, as ShopNow is trying to develop its brand as the aggregated shopping place online, whereas Lycos and Yahoo still have that archaic portal/search tool image attached to their names. Thoughts? |
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newsman |
posted 08-18-1999 09:44 AM
When Lycos reported its quarterly earnings yesterday, it also mentioned that it's going to be pushing harder into e-commerce, specifically by launching a service to let online stores sell stuff through the Lycos site. It sounds like this could put them in direct competition with ShopNow. Opinions? |
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smario |
posted 08-16-1999 02:49 PM
The IPO has been scheduled for the Week of September 13. It's currently being estimated at $10-12, but we'll see closer to the date how that will change. |
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dude |
posted 07-30-1999 01:30 PM
Initial impressions: - The site looks very good, and is easy to navigate, and the search engine works pretty well. - The domain name is short, memorable and easy to spell. - 29,000 merchants is enough for critical mass (i.e. whatever you're looking for, you'll either find it or something similar) - The Recommendation Center has paid sponsorships (from what I can gather). I think this is a mistake. I think they'd be better off using this part of the site for unbiased product reviews, to foster the idea that whenever you're ready to buy something, even if you don't know exactly what, ShopNow is where you should go. - There is certainly a large and growing niche for a single-source aggregator of items available for purchase online. InfoSpace is planning something similar with their ActiveShopper tool, but it's lame so far. Amazon will try to steamroll the niche, by offering everything from its site rather than pointing people all over the web. - The challenge will be to drive traffic to their site at a lower cost per visitor than those visitors are worth to the merchants that ShopNow sends the traffic to. |
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smario |
posted 07-30-1999 12:04 PM
Here's an article on the ShopNow and About.com agreement. http://www.ecommercetimes.com/news/articles/990729-4.shtml Let me know what you all think of this company. I'm really expecting big things from ShopNow; the CEO is the father of one of my best friends, and he is real solid... although you would expect that from an ex-Microsoft Exec. |
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Mayor of Investorville Administrator |
posted 06-28-1999 10:20 AM
ShopNow.com (formerly TechWave) operates an online shopping portal with links to more than 20,000 merchants in all areas. Its CommerceTrust.com unit offers order processing and site design services to its merchants. Ad agency 24/7 Media owns 23% of the company, venture capital firm First Analysis owns 13%, and founder Dwayne Walker owns 11%. The company filed to go public in June but a date hasn't been set yet. (source: SEC filing) |
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