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 Stamps.com (STMP) (Page 2)
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| Author | Topic: Stamps.com (STMP) |
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newsman |
posted 07-20-1999 09:41 AM
 
Shares of Stamps.com shot up 20 percent Monday after the company said it would become the preferred internet postage vendor for Office Depot. The partnership will allow customers to directly access the postage service from Office Depot's Web site. Office Depot, the world's largest seller of office products, will also offer discount Stamps.com promotions to its customers. The e-postage specialist allows its customers to print electronic stamps directly onto envelopes, labels or business document using laser and ink-jet printers. The service requires no additional hardware or set-up fees. The company hasn't yet received final approval from the U.S. Postal Service, and its integration with Office Depot.com depends on that certification. |
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gatsby |
posted 07-20-1999 09:33 AM
newinvestor, I admit that a test by the US Postal service is quite positive, but enough to move the stock that much? Also, yesterday Stamps.com moved up $5 9/16 to $46 3/16 after the company said Office Depot named it the office superstore's preferred provider of postage over the Internet, and they will offer Stamps.com's service from its website. Again, is this big enough news to raise the price that much? I'm just looking for some rhyme or reason to stock movements, that's all, nothing huge  |
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newinvestor |
posted 07-18-1999 02:37 PM
gatsby, you did say the US Postal Service demonstrated the 'test' of the systems... To me that seems to be merely a rubber stamp from approval (no pun intended). I don't quite know why the market cap is so high either though. The fact that the test was conducted and nothing went wrong seems to be a good sign for them. I do have to agree that i don't see any major improvement of this over the pitney-bowes machines... maybe better record keeping abilities for the companies that use it? or maybe for smaller companies which don't want to purchase the pitney-bowes machine. I don't know how much they cost myself. |
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gatsby |
posted 07-16-1999 04:08 PM
Also, The stock price rose by more than a third yesterday (though it dropped 10% today), a day after the U.S. Postal Service demonstrated systems for selling postage over the Web from both Stamps.com and E-Stamp. Both are in the final stages of market testing in Washington, D.C. and California. It's interesting the stock rose so much based on a 'test'; there is still no official US Service endorsement yet. Crazy. |
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gatsby |
posted 07-12-1999 06:16 PM
rattboy, you make some good points. I just read a column (more of a case study), which pointed out some current flaws (though the conclusion was actually positive!). First, they still don't have US postal approval. Second, they are targeting small to large businesses...meaning they are in direct competition with Pitney Bowes. Also, the product is supposed to take away the hassle of sending mail, yet when was the last time it was a hassle to drop your mail off in the business 'out' bin? Never. The only benefit I can see is if it's easier to use then Pitney Bowes' machine (which is pretty easy now) or if the pricing is better...but the pricing isn't even worked out yet. And this company is now valued at $1.1 billion. Go figure. |
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skelrod |
posted 07-09-1999 10:14 PM
Stamps.com and My Software have become partners. My Software will be providing their millions of small business companies with Stamps.com's services through their (My Software's) software. Stamps.com is currently still in their beta testing, but is a partner with such big names as America Online and Quicken.com. |
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rattboy |
posted 07-06-1999 10:17 AM
Here's the latest example of dot-com stupidity. This stock just keeps running up. As I write this it has a market cap of over 1.4 billion dollars ($42 per share). You can't currently do business with this company no matter how badly you might want to print your own stamps. Go to their website and try to register. When you get to the "Sign up" page, there's a little message that says that there is currently no software to be downloaded because this service has not yet been approved by the Postal Service. On CNBC today, they said that the service has been approved in California and Washington D.C., yet their own Website says nothing about this. When they do start earning revenues, they will get a whooping $1.99 a month from each individual user and less than $20 per month from each business user. I don't expect them to find a huge number of users who really want or need this service. IMO, this company is going to post staggering losses. Why do people want to own this stock so badly? |
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Mayor of Investorville Administrator |
posted 04-30-1999 05:30 PM
Stamps.com (formerly StampMaster) provides services for purchasing and printing postage over the internet. The company is still in the development stage, being the first software-only system to receive U.S. Postal Service approval for testing. The company commenced operations in January 1998 and has yet to report any revenues. Among its shareholders are Vulcan Ventures, Chase Capital, and Brentwood Venture Capital. (source: SEC filing) |
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