Word: auction
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...start-ups such as Ariba and Commerce One--both of which just enjoyed successful IPOs--are launching "vertical marketplaces": bulletin-board and auction-oriented sites that render intra-industry transactions faster, cheaper and smarter by gathering buyers and sellers into one virtual locale. There's Metalsite.com for steel products; Fastparts.com for electronics; PlasticsNet.com for plastics; Solidwaste.com for...well, you get the picture...
Anyway, Salinger broke off the relationship after less than a year. Maynard kept her mouth shut for 25 years until telling all in a memoir and then putting 14 of Salinger's love letters on the auction block. Peter Norton, a Silicon Valley tycoon, bought the letters last week for $156,000 and announced that he was going to return them to Salinger. For this, Norton has been hailed a noble do-gooder, although I think he's a bit of a killjoy, using his money to quash a nice little scandal right at the beginning of summer...
...They were plentiful and there wasn't much competition," she said. "If you went to a Dutch drawings auction, there would be a handful of people around the table...It was a very underestimated area of artistry at that time...
...They were plentiful and there wasn't much competition," she said. "If you went to a Dutch drawings auction, there would be a handful of people around the table...It was a very underestimated area of artistry at that time...
...offering price was set too cheap if it immediately quadrupled. Even though iVillage's first-day run-up was spectacular, most of that money went to the investment bank's big customers who were allocated apparently underpriced shares. In Salon's case, the offering price was determined by auction beforehand, ideally capturing money that traditional IPOs leave on the table. Hambrecht has tried the "OpenIPO" Dutch format only once before, with a California vintner called Ravenswood Winery. Next is GreatFood.com. MORE...