Word: ebay
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Dates: during 2000-2009
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...sculptures and random red and white objects in his house, a friend surfing the Internet calls him into a room that has become a slapdash White Stripes office to show him something on the screen: a copy of the first White Stripes single has just sold for $100 on eBay. "It was at $68 yesterday," Jack laughs, shaking his head in amazement. Soon after, the keyboardist for the Black Crowes calls about Kate Hudson and Chris Robinson's guest list for an upcoming show. "Yeah, we're going on Craig Kilborn," Jack mentions to him casually. "Yeah...
Public-auction websites like eBay are doing a fire-sale business in surplus tech hardware. A new Cisco AS5300 access server with a recommended retail price of $50,000 was auctioned off for less than $2,500. Even busier these days is Virtual Chip Exchange, a private marketplace for 4,200 established buyers and sellers of computer chips and semiconductors in 40 countries. VCE is currently the planet's largest electronics B2B exchange, as rated by Jupiter Media Metrix. The privately held company reports that revenues rose past $37 million in the first quarter, up 238% from the same period...
...inventory of former dotcoms accounts for only 20% of Overstock's sales. It's also profiting from other ailing sectors of the tech world. Remember that $50,000 Cisco server that brought $2,500 on eBay? One just like it went on sale for $6,900 at Overstock.com having cost the site $3,500. Total sales on the site leaped from $4 million in November 2000 to $9 million in December, the crucial month for e-tailers...
WICK: If your whole portfolio is eBay, Priceline, Yahoo and Amazon, you're not diversified. You're better off with one or two in software, one or two in networking, one or two in computer hardware and one or two in semiconductors...
...make up the difference, Palm Beach County is going the way of the Ballot-Carrying Ryder Truck, which went for some $40,000 in a Yahoo online auction, and auctioning off the county's 5,000 Votomatics on eBay...